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SOFA vs SOFC: which held to its multiple?

Over the days both have traded, SOFA finished 0.0 points from its stated multiple and SOFC 0.1. Direxion Daily SOFI Bull 2X ETF and Corgi SOFI 2x Daily ETF.

−34.1%
SOFA returned, 3 months
−35.8%
SOFC returned, since launch
−4.6 pts
SOFA from its stated multiple
−3.2 pts
SOFC from its stated multiple
SOFA · 3 months to Sep 30, 20264.6 pts short of its stated multiple
4.6 pts short of its stated multipleSOFA returned −34.1% while 2 times SOFI's move would have been −29.5%SOFI −14.8% ×2 implies−29.5%SOFA returned−34.1%4.6 pts short of its stated multipleSOFA returned −34.1% while 2 times SOFI's move would have been −29.5%SOFI −14.8% ×2 implies−29.5%SOFA returned−34.1%

SOFA returned −34.1% while 2 times SOFI's move would have been −29.5%

SOFC · 1 month to Sep 30, 2026On its stated multiple
On its stated multipleSOFC returned −24.3% while 2 times SOFI's move would have been −24.2%SOFI −12.1% ×2 implies−24.2%SOFC returned−24.3%On its stated multipleSOFC returned −24.3% while 2 times SOFI's move would have been −24.2%SOFI −12.1% ×2 implies−24.2%SOFC returned−24.3%

SOFC returned −24.3% while 2 times SOFI's move would have been −24.2%

Performance, window by window

Total returnMultiple would giveDifference
WindowSOFASOFCSOFASOFCSOFASOFC
1 month−24.2%−24.3%−24.2%−24.2%0.0 pts−0.1 pts
3 months−34.1%not published−29.5%not published−4.6 ptsnot published
6 months−18.7%not published+1.2%not published−19.9 ptsnot published
Since launch
SOFA Feb 2026 · SOFC Jul 2026
−55.2%−35.8%−47.0%−32.6%−8.2 pts−3.2 pts

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

On the same fields

SOFA
Direxion Daily SOFI Bull 2X ETF · Aims to return twice the daily move of SoFi Technologies (SOFI)
SOFC
Corgi SOFI 2x Daily ETF · Aims to return twice the daily move of SoFi Technologies (SOFI)
Issuer Direxion Corgi
Sets out to return +2x +2x
Underlying asset SOFI SOFI
Segment company company
Fund returned, 3 months or since launch −34.1% −24.3%
Underlying returned, over that window −14.8% −12.1%
What the stated multiple implies, over that window −29.5% −24.2%
Difference from stated, over that window −4.6 pts −0.1 pts
Fund returned, 1 year or since launch −55.2% −35.8%
Difference from stated, over that window −8.2 pts −3.2 pts
Underlying volatility 52% 38%
Difference over the days both have traded 0.0 pts −0.1 pts
Expense ratio 0.97% 0.45%
Launched Feb 11, 2026 Jul 10, 2026
Net assets $8m $244,246

SOFA and SOFC on the same fields, as of Sep 30, 2026. Source: ETFIQ.

SOFA in plain words

Three months to Sep 30, 2026: SOFA returned −34.1% where its own daily promise gave −32.1%, 2.0 points short. Read the multiple against the whole window instead and 2 times SOFI's −14.8% implies −29.5%, which makes SOFA look 4.6 points short. 2.6 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 52% 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 30, 2026: SOFC returned −24.3% where its own daily promise gave −23.7%, 0.6 points short. Read the multiple against the whole window instead and 2 times SOFI's −12.1% implies −24.2%, which makes SOFC look 0.1 points short. 0.4 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 38% annualized over that window.

Questions people ask

Which came closer to its stated multiple, SOFA or SOFC?
Over the window to Sep 30, 2026, SOFA finished 4.6 points from what its multiple implies and SOFC finished 0.1 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 Technologies, 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 52% annualized and SOFC’s at 38%, 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.
Which is cheaper, SOFA or SOFC?
SOFA charges 0.97% a year and SOFC charges 0.45%, so SOFC is cheaper. Fees come from each fund's prospectus.
Other comparisons
SOFA vs SOFXSOFC vs SOFX
SOFA on its own →SOFC on its own →How every figure is computed →Standards and sources →
Where these figures came from
SOFA filings on SEC EDGAR ↗SOFA prospectus with the expense ratio (SEC) ↗Direxion website ↗SOFC filings on SEC EDGAR ↗SOFC prospectus with the expense ratio (SEC) ↗Corgi website ↗

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, SOFA against SOFC, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/sofa-vs-sofc

Open data

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