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SOFC vs SOFX: which held to its multiple?

Over the days both have traded, SOFC finished 0.1 points from its stated multiple and SOFX 1.4. Corgi SOFI 2x Daily ETF and Defiance Daily Target 2X Long SOFI ETF.

−35.8%
SOFC returned, since launch
−36.2%
SOFX returned, 3 months
−3.2 pts
SOFC from its stated multiple
−6.7 pts
SOFX from its stated multiple
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%

SOFX · 3 months to Sep 30, 20266.7 pts short of its stated multiple
6.7 pts short of its stated multipleSOFX returned −36.2% while 2 times SOFI's move would have been −29.5%SOFI −14.8% ×2 implies−29.5%SOFX returned−36.2%6.7 pts short of its stated multipleSOFX returned −36.2% while 2 times SOFI's move would have been −29.5%SOFI −14.8% ×2 implies−29.5%SOFX returned−36.2%

SOFX returned −36.2% while 2 times SOFI's move would have been −29.5%

Performance, window by window

Total returnMultiple would giveDifference
WindowSOFCSOFXSOFCSOFXSOFCSOFX
1 month−24.3%−25.5%−24.2%−24.2%−0.1 pts−1.4 pts
3 monthsnot published−36.2%not published−29.5%not published−6.7 pts
6 monthsnot published−23.6%not published+1.2%not published−24.8 pts
1 yearnot published−80.0%not published−81.0%not published+1.0 pts
Since launch
SOFC Jul 2026 · SOFX Jan 2025
−35.8%−64.8%−32.6%−7.1%−3.2 pts−57.7 pts

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

On the same fields

SOFC
Corgi SOFI 2x Daily ETF · Aims to return twice the daily move of SoFi Technologies (SOFI)
SOFX
Defiance Daily Target 2X Long SOFI ETF · Aims to return twice the daily move of SoFi Technologies (SOFI)
Issuer Corgi Defiance
Sets out to return +2x +2x
Underlying asset SOFI SOFI
Segment company company
Fund returned, 3 months or since launch −24.3% −36.2%
Underlying returned, over that window −12.1% −14.8%
What the stated multiple implies, over that window −24.2% −29.5%
Difference from stated, over that window −0.1 pts −6.7 pts
Fund returned, 1 year or since launch −35.8% −80.0%
Difference from stated, over that window −3.2 pts +1.0 pts
Underlying volatility 38% 52%
Difference over the days both have traded −0.1 pts −1.4 pts
Expense ratio 0.45% 1.33%
Launched Jul 10, 2026 Jan 16, 2025
Net assets $244,246 $55m

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

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. 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 38% 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.

SOFX in plain words

Three months to Sep 30, 2026: SOFX returned −36.2% where its own daily promise gave −32.1%, 4.1 points short. Read the multiple against the whole window instead and 2 times SOFI's −14.8% implies −29.5%, which makes SOFX look 6.7 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. SOFX aims to return +2 times SOFI's move each day, then resets. SOFI moved at 52% annualized over that window.

Questions people ask

Which came closer to its stated multiple, SOFC or SOFX?
Over the window to Sep 30, 2026, SOFC finished 0.1 points from what its multiple implies and SOFX finished 6.7 points from its own, so SOFC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SOFC and SOFX levered on the same thing?
Yes. Both are levered on SoFi Technologies, SOFC at +2 times and SOFX at +2 times the daily move.
Which one decays faster, SOFC or SOFX?
Decay follows how much the underlying moves about. Over this window SOFC’s moved at 38% annualized and SOFX’s at 52%, so SOFX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SOFC or SOFX 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, SOFC or SOFX?
SOFC charges 0.45% a year and SOFX charges 1.33%, so SOFC is cheaper. Fees come from each fund's prospectus.
Other comparisons
SOFC vs SOFASOFX vs SOFA
SOFC on its own →SOFX on its own →How every figure is computed →Standards and sources →
Where these figures came from
SOFC filings on SEC EDGAR ↗SOFC prospectus with the expense ratio (SEC) ↗Corgi website ↗SOFX filings on SEC EDGAR ↗SOFX prospectus with the expense ratio (SEC) ↗Defiance page for SOFX ↗

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

Open data

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