# APMI (Corgi AMAT 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 11, 2026

One month to Sep 11, 2026: APMI returned −32.4% where its own daily promise gave −31.7%, 0.7 points short.

## Key facts

- APMI, what AMAT did: −16.6%, as of Sep 11, 2026.
- APMI, what +2 times a day gives: −31.7%, as of Sep 11, 2026.
- APMI, what the fund returned: −32.4%, as of Sep 11, 2026.
- APMI, the fund itself cost: −0.7 pts, as of Sep 11, 2026.
- APMI, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- APMI, underlying: AMAT, as of Sep 11, 2026.

## APMI over each window to Sep 11, 2026

| Window | Fund | AMAT | +2x the move | Difference | AMAT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −32.4% | −16.6% | −33.3% | +0.8 pts | 44% |
| Since launch | −38.0% | −17.6% | −35.2% | −2.8 pts | 66% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMAT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.95 times, against +2 stated | ETFIQ |
| Underlying | AMAT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 7, 2026 | ETFIQ |
| Underlying volatility over the window | 44% annualized | ETFIQ |

## Questions

### Did APMI return +2 times AMAT?

Over the window to Sep 11, 2026, AMAT moved −16.6% and APMI returned −32.4%. 2 times that move is −33.3%, so the fund came out 0.8 points ahead of it.

### Why does APMI not return +2 times over a year?

Because it resets daily. APMI aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x AMAT ETF tracked its stated multiple most closely?

3 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, APMI, data as of Sep 11, 2026. https://etfiq.com/funds/APMI
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/APMI  ·  JSON: https://etfiq.com/funds/APMI.json