{
 "ticker": "EMXX",
 "name": "Corgi Emerging Markets 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/EMXX",
 "html": "https://etfiq.com/funds/EMXX",
 "markdown": "https://etfiq.com/funds/EMXX.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: EMXX returned \u22120.2% where its own daily promise gave +2.3%, 2.5 points short.",
 "key_facts": [
  {
   "key": "what_vwo_did",
   "label": "What VWO did",
   "value": "+1.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EMXX, what VWO did: +1.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+2.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EMXX, what +2 times a day gives: +2.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22120.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EMXX, what the fund returned: \u22120.2%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.5 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "EMXX, the fund itself cost: \u22122.5 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$471,209",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "EMXX, net assets: $471,209 (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, May 28, 2026",
   "as_of": "2026-09-11",
   "sentence": "EMXX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of VWO, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "VWO moved +1.5% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "VWO",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, country",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$471,209",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, May 28, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 3, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "16% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22121.1%",
   "VWO": "\u22120.1%",
   "+2x the move": "\u22120.2%",
   "Difference": "\u22120.9 pts",
   "VWO moved about": "11%"
  },
  {
   "window": "3 months",
   "Fund": "\u22120.2%",
   "VWO": "+1.5%",
   "+2x the move": "+2.9%",
   "Difference": "\u22123.1 pts",
   "VWO moved about": "16%"
  },
  {
   "window": "Since launch",
   "Fund": "\u22123.3%",
   "VWO": "+0.1%",
   "+2x the move": "+0.3%",
   "Difference": "\u22123.6 pts",
   "VWO moved about": "18%"
  }
 ],
 "questions": [
  {
   "q": "Did EMXX return +2 times VWO?",
   "a": "Over the window to Sep 11, 2026, VWO moved +1.5% and EMXX returned \u22120.2%. 2 times that move is +2.9%, so the fund came out 3.1 points short of it."
  },
  {
   "q": "Why does EMXX not return +2 times over a year?",
   "a": "Because it resets daily. EMXX 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}