# FBX (Corgi META 2x Daily ETF)

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

One month to Sep 11, 2026: FBX returned +22.6% where its own daily promise gave +23.9%, 1.4 points short.

## Key facts

- FBX, what META did: +11.9%, as of Sep 11, 2026.
- FBX, what +2 times a day gives: +23.9%, as of Sep 11, 2026.
- FBX, what the fund returned: +22.6%, as of Sep 11, 2026.
- FBX, the fund itself cost: −1.4 pts, as of Sep 11, 2026.
- FBX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- FBX, underlying: META, as of Sep 11, 2026.

## FBX over each window to Sep 11, 2026

| Window | Fund | META | +2x the move | Difference | META moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +22.6% | +11.9% | +23.9% | −1.3 pts | 36% |
| Since launch | +23.2% | +15.0% | +30.1% | −6.9 pts | 48% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of META, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.89 times, against +2 stated | ETFIQ |
| Underlying | META | 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 | 36% annualized | ETFIQ |

## Questions

### Did FBX return +2 times META?

Over the window to Sep 11, 2026, META moved +11.9% and FBX returned +22.6%. 2 times that move is +23.9%, so the fund came out 1.3 points short of it.

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

Because it resets daily. FBX 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 META ETF tracked its stated multiple most closely?

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

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