Data as of .
SOFA vs SOFC: which held to its multiple?
Over the days both have traded, SOFA finished 3.3 points from its stated multiple and SOFC 3.2.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| SOFA | SOFC | SOFA | SOFC | SOFA | SOFC | |
| 1 month | −10.2% | −10.2% | −6.9% | −6.9% | −3.3 pts | −3.2 pts |
| 3 months | −1.3% | not published | +8.9% | not published | −10.2 pts | not published |
| 6 months | −24.0% | not published | −5.0% | not published | −19.0 pts | not published |
| Since launch | −45.3% | −21.7% | −31.4% | −15.5% | −13.8 pts | −6.2 pts |
| SOFA Direxion Daily SOFI Bull 2X ETF Aims to return twice the daily move of SOFI | SOFC Corgi SOFI 2x Daily ETF Aims to return twice the daily move of SOFI | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | +2x | +2x |
| On | SOFI | SOFI |
| Segment | company | company |
| Fund returned, 3 months | −1.3% | −10.2% |
| Underlying returned, 3 months | +4.5% | −3.5% |
| What the stated multiple implies, 3 months | +8.9% | −6.9% |
| Difference from stated, 3 months | −10.2 pts | −3.2 pts |
| Fund returned, 1 year or since launch | −45.3% | −21.7% |
| Difference from stated, over that window | −13.8 pts | −6.2 pts |
| Underlying volatility | 54% | 52% |
| Difference over the days both have traded | −3.3 pts | −3.2 pts |
| Expense ratio | 0.97% | not published |
| Launched | Feb 11, 2026 | Jul 10, 2026 |
SOFA in plain words
Three months to Sep 11, 2026: SOFA returned −1.3% where its own daily promise gave +1.7%, 3.0 points short. Read the multiple against the whole window instead and +2 times SOFI's 4.5% implies +8.9%, which makes SOFA look 10.2 points short. 7.2 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. SOFA aims to return +2 times SOFI's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. SOFI moved at 54% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
SOFC in plain words
One month to Sep 11, 2026: SOFC returned −10.2% where its own daily promise gave −8.8%, 1.3 points short. Read the multiple against the whole window instead and +2 times SOFI's −3.5% implies −6.9%, which makes SOFC look 3.2 points short. 1.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. SOFC aims to return +2 times SOFI's move each day, then resets. SOFI moved at 52% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, SOFA or SOFC?
- Over the window to Sep 11, 2026, SOFA finished 10.2 points from what its multiple implies and SOFC finished 3.2 points from its own, so SOFC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are SOFA and SOFC levered on the same thing?
- Yes. Both are levered on SOFI, SOFA at +2 times and SOFC at +2 times the daily move.
- Which one decays faster, SOFA or SOFC?
- Decay follows how much the underlying moves about. Over this window SOFA’s moved at 54% annualized and SOFC’s at 52%, so SOFA has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SOFA or SOFC for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SOFA against SOFC, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/SOFA-SOFC Free to use with attribution; the underlying files are at Open data.