RGTC vs RGTZ: which held to its multiple?

Over a month against its own daily promise, RGTC finished 0.8 points short and RGTZ 3.0 points short. Corgi RGTI 2x Daily ETF and Defiance Daily Target 2X Short RGTI ETF.

−18.7%
RGTC returned, since launch
−22.0%
RGTZ returned, 3 months
−14.1 pts
RGTC from its stated multiple
−53.5 pts
RGTZ from its stated multiple
RGTC · 1 month to Sep 30, 20262.6 pts short of its stated multiple
2.6 pts short of its stated multipleRGTC returned −1.6% while 2 times RGTI's move would have been +1.0%RGTI +0.5% ×2 implies+1.0%RGTC returned−1.6%2.6 pts short of its stated multipleRGTC returned −1.6% while 2 times RGTI's move would have been +1.0%RGTI +0.5% ×2 implies+1.0%RGTC returned−1.6%

RGTC returned −1.6% while 2 times RGTI's move would have been +1.0%

RGTZ · 3 months to Sep 30, 202653.5 pts short of its stated multiple
53.5 pts short of its stated multipleRGTZ returned −22.0% while −2 times RGTI's move would have been +31.5%RGTI −15.7% ×−2 implies+31.5%RGTZ returned−22.0%53.5 pts short of its stated multipleRGTZ returned −22.0% while −2 times RGTI's move would have been +31.5%RGTI −15.7% ×−2 implies+31.5%RGTZ returned−22.0%

RGTZ returned −22.0% while −2 times RGTI's move would have been +31.5%

Performance, window by window

Total returnMultiple would giveDifference
WindowRGTCRGTZRGTCRGTZRGTCRGTZ
1 month−1.6%−9.7%+1.0%−1.0%−2.6 pts−8.6 pts
3 monthsnot published−22.0%not published+31.5%not published−53.5 pts
6 monthsnot published−89.3%not published−33.2%not published−56.2 pts
Since launch
RGTC Jul 2026 · RGTZ Oct 2025
−18.7%−81.3%−4.6%+133.2%−14.1 pts−214.4 pts

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

On the same fields

RGTC
Corgi RGTI 2x Daily ETF · Aims to return twice the daily move of Rigetti Computing (RGTI)
RGTZ
Defiance Daily Target 2X Short RGTI ETF · Aims to return twice the opposite of the daily move of Rigetti Computing (RGTI)
Issuer Corgi Defiance
Sets out to return +2x -2x
Underlying asset RGTI RGTI
Segment company company
Fund returned, 3 months or since launch −1.6% −22.0%
Underlying returned, over that window +0.5% −15.7%
What the stated multiple implies, over that window +1.0% +31.5%
Difference from stated, over that window −2.6 pts −53.5 pts
Fund returned, 1 year or since launch −18.7% −81.3%
Difference from stated, over that window −14.1 pts −214.4 pts
Underlying volatility 48% 78%
Difference over the days both have traded −2.6 pts no shared window
Expense ratio 0.45% 1.83%
Launched Jul 14, 2026 Oct 9, 2025
Net assets $223,873 $12m

RGTC and RGTZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

RGTC in plain words

One month to Sep 30, 2026: RGTC returned −1.6% where its own daily promise gave −0.8%, 0.8 points short. Read the multiple against the whole window instead and 2 times RGTI's 0.5% implies +1.0%, which makes RGTC look 2.6 points short. 1.8 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. RGTC aims to return +2 times RGTI'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. RGTI moved at 48% 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.

RGTZ in plain words

Three months to Sep 30, 2026: RGTZ returned −22.0% where its own daily promise gave −11.7%, 10.3 points short. Read the multiple against the whole window instead and −2 times RGTI's −15.7% implies +31.5%, which makes RGTZ look 53.5 points short. 43.2 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. RGTZ aims to return -2 times RGTI's move each day, then resets. 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. RGTI moved at 78% annualized over that window.

Questions people ask

Which came closer to its stated multiple, RGTC or RGTZ?
Over the window to Sep 30, 2026, RGTC finished 2.6 points from what its multiple implies and RGTZ finished 53.5 points from its own, so RGTC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are RGTC and RGTZ levered on the same thing?
Yes. Both are levered on Rigetti Computing, RGTC at +2 times and RGTZ at -2 times the daily move.
Which one decays faster, RGTC or RGTZ?
Decay follows how much the underlying moves about. Over this window RGTC’s moved at 48% annualized and RGTZ’s at 78%, so RGTZ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold RGTC or RGTZ 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, RGTC or RGTZ?
RGTC charges 0.45% a year and RGTZ charges 1.83%, so RGTC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, RGTC against RGTZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/rgtc-vs-rgtz

Open data

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