# APPC (Corgi APP 2x Daily ETF)

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

One month to Sep 11, 2026: APPC returned +11.3% where its own daily promise gave +12.8%, 1.5 points short.

## Key facts

- APPC, what APP did: +6.7%, as of Sep 11, 2026.
- APPC, what +2 times a day gives: +12.8%, as of Sep 11, 2026.
- APPC, what the fund returned: +11.3%, as of Sep 11, 2026.
- APPC, the fund itself cost: −1.5 pts, as of Sep 11, 2026.
- APPC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- APPC, underlying: APP, as of Sep 11, 2026.

## APPC over each window to Sep 11, 2026

| Window | Fund | APP | +2x the move | Difference | APP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +11.3% | +6.7% | +13.3% | −2.0 pts | 32% |
| Since launch | −66.0% | −37.1% | −74.2% | +8.3 pts | 69% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.69 times, against +2 stated | ETFIQ |
| Underlying | APP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 32% annualized | ETFIQ |

## Questions

### Did APPC return +2 times APP?

Over the window to Sep 11, 2026, APP moved +6.7% and APPC returned +11.3%. 2 times that move is +13.3%, so the fund came out 2.0 points short of it.

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

Because it resets daily. APPC 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 APP ETF tracked its stated multiple most closely?

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

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