Which came closer to its stated multiple, SMCC or SMCL?

Over the window to Sep 30, 2026, SMCC finished 23.6 points from what its multiple implies and SMCL finished 19.5 points from its own, so SMCL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are SMCC and SMCL levered on the same thing?

Yes. Both are levered on Super Micro Computer, SMCC at +2 times and SMCL at +2 times the daily move.

Which one decays faster, SMCC or SMCL?

Decay follows how much the underlying moves about. Over this window SMCC’s moved at 86% annualized and SMCL’s at 86%, so SMCC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SMCC or SMCL 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, SMCC or SMCL?

SMCC charges 0.45% a year and SMCL charges 1.50%, so SMCC is cheaper. Fees come from each fund's prospectus.

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SMCC vs SMCL: which held to its multiple?

Over the days both have traded, SMCC finished 23.6 points from its stated multiple and SMCL 19.5. Corgi SMCI 2x Daily ETF and GraniteShares 2x Long SMCI Daily ETF.

+73.4%

SMCC returned, 3 months

+77.5%

SMCL returned, 3 months

−23.6 pts

SMCC from its stated multiple

−19.5 pts

SMCL from its stated multiple

SMCC · 3 months to Sep 30, 202623.6 pts short of its stated multiple

SMCC returned +73.4% while 2 times SMCI's move would have been +97.1%

SMCL · 3 months to Sep 30, 202619.5 pts short of its stated multiple

SMCL returned +77.5% while 2 times SMCI's move would have been +97.1%

ETFIQ Decay Resistance Score · SMCL scores higherDid it keep up with its own daily multiple, compounded day by day?

SMCC 1.2

SMCL 2.4

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	SMCC	SMCL	SMCC	SMCL	SMCC	SMCL
1 month	+14.1%	+15.2%	+20.3%	+20.3%	−6.3 pts	−5.1 pts
3 months	+73.4%	+77.5%	+97.1%	+97.1%	−23.6 pts	−19.5 pts
6 months	not published	+72.5%	not published	+164.9%	not published	−92.4 pts
1 year	not published	−80.3%	not published	−28.7%	not published	−51.6 pts
Since launch SMCC Jun 2026 · SMCL Dec 2024	+54.4%	−88.2%	+80.1%	+16.6%	−25.7 pts	−104.8 pts

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

On the same fields

SMCC

Corgi SMCI 2x Daily ETF · Aims to return twice the daily move of Super Micro Computer (SMCI)

SMCL

GraniteShares 2x Long SMCI Daily ETF · Aims to return twice the daily move of Super Micro Computer (SMCI)

Issuer Corgi GraniteShares

Sets out to return +2x +2x

Underlying asset SMCI SMCI

Segment company company

Fund returned, 3 months or since launch +73.4% +77.5%

Underlying returned, over that window +48.5% +48.5%

What the stated multiple implies, over that window +97.1% +97.1%

Difference from stated, over that window −23.6 pts −19.5 pts

Fund returned, 1 year or since launch +54.4% −80.3%

Difference from stated, over that window −25.7 pts −51.6 pts

Underlying volatility 86% 86%

Difference over the days both have traded −23.6 pts −19.5 pts

Expense ratio 0.45% 1.50%

Launched Jun 30, 2026 Dec 12, 2024

Net assets $415,760 $49m

SMCC and SMCL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

SMCC in plain words

Three months to Sep 30, 2026: SMCC returned +73.4% where its own daily promise gave +86.9%, 13.5 points short. Read the multiple against the whole window instead and 2 times SMCI's 48.5% implies +97.1%, which makes SMCC look 23.6 points short. 10.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. SMCC aims to return +2 times SMCI'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. SMCI moved at 86% 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.

SMCL in plain words

Three months to Sep 30, 2026: SMCL returned +77.5% where its own daily promise gave +86.9%, 9.4 points short. Read the multiple against the whole window instead and 2 times SMCI's 48.5% implies +97.1%, which makes SMCL look 19.5 points short. SMCL aims to return +2 times SMCI's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, SMCC or SMCL?: Over the window to Sep 30, 2026, SMCC finished 23.6 points from what its multiple implies and SMCL finished 19.5 points from its own, so SMCL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SMCC and SMCL levered on the same thing?: Yes. Both are levered on Super Micro Computer, SMCC at +2 times and SMCL at +2 times the daily move.
Which one decays faster, SMCC or SMCL?: Decay follows how much the underlying moves about. Over this window SMCC’s moved at 86% annualized and SMCL’s at 86%, so SMCC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SMCC or SMCL 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, SMCC or SMCL?: SMCC charges 0.45% a year and SMCL charges 1.50%, so SMCC is cheaper. Fees come from each fund's prospectus.

Other comparisons

SMCC vs SMCX SMCC vs SMCZ SMCL vs SMCX SMCL vs SMCZ

SMCC on its own →SMCL on its own →How every figure is computed →Standards and sources →

Where these figures came from

SMCC filings on SEC EDGAR ↗SMCC prospectus with the expense ratio (SEC) ↗Corgi website ↗SMCL filings on SEC EDGAR ↗SMCL prospectus with the expense ratio (SEC) ↗GraniteShares page for SMCL ↗

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, SMCC against SMCL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/smcc-vs-smcl

Open data

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