# KRWX (Corgi South Korea 2x Daily ETF)

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

Three months to Sep 11, 2026: KRWX returned −21.1% where its own daily promise gave −18.7%, 2.4 points short.

## Key facts

- KRWX, what EWY did: −4.4%, as of Sep 11, 2026.
- KRWX, what +2 times a day gives: −18.7%, as of Sep 11, 2026.
- KRWX, what the fund returned: −21.1%, as of Sep 11, 2026.
- KRWX, the fund itself cost: −2.4 pts, as of Sep 11, 2026.
- KRWX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).
- KRWX, underlying: EWY, as of Sep 11, 2026.

## KRWX over each window to Sep 11, 2026

| Window | Fund | EWY | +2x the move | Difference | EWY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +12.2% | +7.3% | +14.6% | −2.5 pts | 46% |
| 3 months | −21.1% | −4.4% | −8.8% | −12.3 pts | 67% |
| Since launch | −34.6% | −11.4% | −22.8% | −11.8 pts | 74% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of EWY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | EWY moved −4.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | EWY | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 67% annualized | ETFIQ |

## Questions

### Did KRWX return +2 times EWY?

Over the window to Sep 11, 2026, EWY moved −4.4% and KRWX returned −21.1%. 2 times that move is −8.8%, so the fund came out 12.3 points short of it.

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

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

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