# CARX (Corgi CART 2x Daily ETF)

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

One month to Sep 11, 2026: CARX returned −1.7% where its own daily promise gave −0.1%, 1.7 points short.

## Key facts

- CARX, what CART did: +0.6%, as of Sep 11, 2026.
- CARX, what +2 times a day gives: −0.1%, as of Sep 11, 2026.
- CARX, what the fund returned: −1.7%, as of Sep 11, 2026.
- CARX, the fund itself cost: −1.7 pts, as of Sep 11, 2026.
- CARX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- CARX, underlying: CART, as of Sep 11, 2026.

## CARX over each window to Sep 11, 2026

| Window | Fund | CART | +2x the move | Difference | CART moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.7% | +0.6% | +1.2% | −2.9 pts | 38% |
| Since launch | +1.9% | +4.6% | +9.1% | −7.2 pts | 43% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CART, reset daily | ETFIQ |
| Multiple a holder actually got over the window | CART moved +0.6% over this window, too little to read a multiple from | ETFIQ |
| Underlying | CART | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 24, 2026 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did CARX return +2 times CART?

Over the window to Sep 11, 2026, CART moved +0.6% and CARX returned −1.7%. 2 times that move is +1.2%, so the fund came out 2.9 points short of it.

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

Because it resets daily. CARX 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.


## Cite this page

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

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