LRCC vs LRCU: which held to its multiple?

Over the days both have traded, LRCC finished 2.7 points from its stated multiple and LRCU 2.8. Corgi LRCX 2x Daily ETF and Tradr 2X Long LRCX Daily ETF.

−9.7%
LRCC returned, since launch
−39.4%
LRCU returned, 3 months
−11.4 pts
LRCC from its stated multiple
−7.5 pts
LRCU from its stated multiple
LRCC · 1 month to Sep 30, 20262.7 pts short of its stated multiple
2.7 pts short of its stated multipleLRCC returned +15.4% while 2 times LRCX's move would have been +18.2%LRCX +9.1% ×2 implies+18.2%LRCC returned+15.4%2.7 pts short of its stated multipleLRCC returned +15.4% while 2 times LRCX's move would have been +18.2%LRCX +9.1% ×2 implies+18.2%LRCC returned+15.4%

LRCC returned +15.4% while 2 times LRCX's move would have been +18.2%

LRCU · 3 months to Sep 30, 20267.5 pts short of its stated multiple
7.5 pts short of its stated multipleLRCU returned −39.4% while 2 times LRCX's move would have been −31.9%LRCX −15.9% ×2 implies−31.9%LRCU returned−39.4%7.5 pts short of its stated multipleLRCU returned −39.4% while 2 times LRCX's move would have been −31.9%LRCX −15.9% ×2 implies−31.9%LRCU returned−39.4%

LRCU returned −39.4% while 2 times LRCX's move would have been −31.9%

Performance, window by window

Total returnMultiple would giveDifference
WindowLRCCLRCULRCCLRCULRCCLRCU
1 month+15.4%+15.3%+18.2%+18.2%−2.7 pts−2.8 pts
3 monthsnot published−39.4%not published−31.9%not published−7.5 pts
6 monthsnot published+63.9%not published+96.5%not published−32.6 pts
1 yearnot published+267.1%not publishednot meaningfulnot publishednot meaningful
Since launch
LRCC Jul 2026 · LRCU Aug 2025
−9.7%+539.5%+1.7%not meaningful−11.4 ptsnot meaningful

LRCC and LRCU over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

LRCC
Corgi LRCX 2x Daily ETF · Aims to return twice the daily move of Lam Research (LRCX)
LRCU
Tradr 2X Long LRCX Daily ETF · Aims to return twice the daily move of Lam Research (LRCX)
Issuer Corgi Tradr
Sets out to return +2x +2x
Underlying asset LRCX LRCX
Segment company company
Fund returned, 3 months or since launch +15.4% −39.4%
Underlying returned, over that window +9.1% −15.9%
What the stated multiple implies, over that window +18.2% −31.9%
Difference from stated, over that window −2.7 pts −7.5 pts
Fund returned, 1 year or since launch −9.7% +267.1%
Difference from stated, over that window −11.4 pts not available
Underlying volatility 56% 71%
Difference over the days both have traded −2.7 pts −2.8 pts
Expense ratio 0.45% 1.30%
Launched Jul 7, 2026 Aug 19, 2025
Net assets $767,683 $46m

LRCC and LRCU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

LRCC in plain words

One month to Sep 30, 2026: LRCC returned +15.4% where its own daily promise gave +15.8%, 0.4 points short. Read the multiple against the whole window instead and 2 times LRCX's 9.1% implies +18.2%, which makes LRCC look 2.7 points short. 2.3 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. LRCC aims to return +2 times LRCX'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. LRCX moved at 56% 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.

LRCU in plain words

Three months to Sep 30, 2026: LRCU returned −39.4% where its own daily promise gave −37.6%, 1.8 points short. Read the multiple against the whole window instead and 2 times LRCX's −15.9% implies −31.9%, which makes LRCU look 7.5 points short. 5.7 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. LRCU aims to return +2 times LRCX's move each day, then resets. LRCX moved at 71% annualized over that window.

Questions people ask

Which came closer to its stated multiple, LRCC or LRCU?
Over the window to Sep 30, 2026, LRCC finished 2.7 points from what its multiple implies and LRCU finished 7.5 points from its own, so LRCC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are LRCC and LRCU levered on the same thing?
Yes. Both are levered on Lam Research, LRCC at +2 times and LRCU at +2 times the daily move.
Which one decays faster, LRCC or LRCU?
Decay follows how much the underlying moves about. Over this window LRCC’s moved at 56% annualized and LRCU’s at 71%, so LRCU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold LRCC or LRCU 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.
Which is cheaper, LRCC or LRCU?
LRCC charges 0.45% a year and LRCU charges 1.30%, so LRCC is cheaper. Fees come from each fund's prospectus.
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. A comparison is not a recommendation.

Cite this page

ETFIQ, LRCC against LRCU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/lrcc-vs-lrcu

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.