{"url":"https://etfiq.com/compare/leverage/ccup-vs-cir","section":"compare","title":"CCUP vs CIR: which held to its multiple? | ETFIQ","description":"CCUP sets out to return +2 times CRCL each day and CIR +2 times. Over the month to Sep 30, 2026 they finished \u22124.1 pts and \u22123.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, CCUP or CIR?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CCUP finished 23.4 points from what its multiple implies and CIR finished 3.7 points from its own, so CIR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are CCUP and CIR levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Circle Internet, CCUP at +2 times and CIR at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CCUP or CIR?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CCUP\u2019s moved at 85% annualized and CIR\u2019s at 95%, so CIR has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold CCUP or CIR for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, CCUP or CIR?","acceptedAnswer":{"@type":"Answer","text":"CCUP charges 1.50% a year and CIR charges 0.45%, so CIR is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"CCUP vs CIR","item":"https://etfiq.com/compare/leverage/ccup-vs-cir"}]},{"@type":"WebPage","name":"CCUP vs CIR: which held to its multiple?","description":"CCUP sets out to return +2 times CRCL each day and CIR +2 times. Over the month to Sep 30, 2026 they finished \u22124.1 pts and \u22123.7 pts away.","url":"https://etfiq.com/compare/leverage/ccup-vs-cir","dateModified":"2026-09-30","abstract":"Over the days both have traded, CCUP finished 4.1 points from its stated multiple and CIR 3.7.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CCUP and CIR","description":"CCUP sets out to return +2 times CRCL each day and CIR +2 times. Over the month to Sep 30, 2026 they finished \u22124.1 pts and \u22123.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ccup-vs-cir","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6273,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CCUP vs CIR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CCUP vs CIR: which held to its multiple?\n\n Over the days both have traded, CCUP finished 4.1 points from its stated multiple and CIR 3.7.\n Copy this for sharing \n \n T-REX 2X LONG CRCL DAILY TARGET ETF and Corgi CRCL 2x Daily ETF.\n\n Download as PDF \n\n +41.9% CCUP returned, 3 months \n +30.6% CIR returned, since launch \n \u221223.4 pts CCUP from its stated multiple \n \u221221.6 pts CIR from its stated multiple \n\n CCUP 23.4 pts short of its stated multiple \u00b7 3 months to Sep 30, 2026 [C","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ccup-vs-cir","a":{"ticker":"CCUP","name":"T-REX 2X LONG CRCL DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CCUP returned +41.9% where its own daily promise gave +47.6%, 5.7 points short.","url":"https://etfiq.com/funds/ccup","key_facts":[{"label":"What CRCL did","value":"+32.6%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+47.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+41.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$34m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"b":{"ticker":"CIR","name":"Corgi CRCL 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: CIR returned \u221231.7% where its own daily promise gave \u221231.2%, 0.5 points short.","url":"https://etfiq.com/funds/cir","key_facts":[{"label":"What CRCL did","value":"\u221214.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221231.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221231.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$586,610","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ccup-vs-cir"}