# CORD (T-REX 2X INVERSE CRWV DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: CORD returned −49.6% where its own daily promise gave −49.3%, 0.2 points short.

## Key facts

- CORD, what CRWV did: −11.5%, as of Sep 11, 2026.
- CORD, what −2 times a day gives: −49.3%, as of Sep 11, 2026.
- CORD, what the fund returned: −49.6%, as of Sep 11, 2026.
- CORD, the fund itself cost: −0.3 pts, as of Sep 11, 2026.
- CORD, net assets: $17m (source, as filed for Jun 30, 2026).
- CORD, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## CORD over each window to Sep 11, 2026

| Window | Fund | CRWV | -2x the move | Difference | CRWV moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +28.5% | −17.4% | +34.8% | −6.3 pts | 72% |
| 3 months | −49.6% | −11.5% | +23.0% | −72.6 pts | 107% |
| 6 months | −81.4% | +9.7% | −19.4% | −62.0 pts | 96% |
| Since launch | −89.3% | −26.1% | +52.1% | −141.4 pts | 96% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of CRWV, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +4.31 times, against -2 stated | ETFIQ |
| Underlying | CRWV | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $17m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Sep 26, 2025 | ETFIQ |
| Underlying volatility over the window | 107% annualized | ETFIQ |

## Questions

### Did CORD return -2 times CRWV?

Over the window to Sep 11, 2026, CRWV moved −11.5% and CORD returned −49.6%. 2 times that move is +23.0%, so the fund came out 72.6 points short of it.

### Why does CORD not return -2 times over a year?

Because it resets daily. CORD 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, CORD, data as of Sep 11, 2026. https://etfiq.com/funds/CORD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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