# EMXX (Corgi Emerging Markets 2x Daily ETF)

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

Three months to Sep 11, 2026: EMXX returned −0.2% where its own daily promise gave +2.3%, 2.5 points short.

## Key facts

- EMXX, what VWO did: +1.5%, as of Sep 11, 2026.
- EMXX, what +2 times a day gives: +2.3%, as of Sep 11, 2026.
- EMXX, what the fund returned: −0.2%, as of Sep 11, 2026.
- EMXX, the fund itself cost: −2.5 pts, as of Sep 11, 2026.
- EMXX, net assets: $471,209 (source, as filed for Jun 30, 2026).
- EMXX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).

## EMXX over each window to Sep 11, 2026

| Window | Fund | VWO | +2x the move | Difference | VWO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.1% | −0.1% | −0.2% | −0.9 pts | 11% |
| 3 months | −0.2% | +1.5% | +2.9% | −3.1 pts | 16% |
| Since launch | −3.3% | +0.1% | +0.3% | −3.6 pts | 18% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VWO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VWO moved +1.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VWO | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $471,209 | source, as filed for Jun 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 16% annualized | ETFIQ |

## Questions

### Did EMXX return +2 times VWO?

Over the window to Sep 11, 2026, VWO moved +1.5% and EMXX returned −0.2%. 2 times that move is +2.9%, so the fund came out 3.1 points short of it.

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

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.


## Cite this page

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

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