# QUA (Corgi QBTS 2x Daily ETF)

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

One month to Sep 11, 2026: QUA returned −37.3% where its own daily promise gave −37.2%, 0.1 points short.

## Key facts

- QUA, what QBTS did: −19.0%, as of Sep 11, 2026.
- QUA, what +2 times a day gives: −37.2%, as of Sep 11, 2026.
- QUA, what the fund returned: −37.3%, as of Sep 11, 2026.
- QUA, the fund itself cost: −0.1 pts, as of Sep 11, 2026.
- QUA, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- QUA, underlying: QBTS, as of Sep 11, 2026.

## QUA over each window to Sep 11, 2026

| Window | Fund | QBTS | +2x the move | Difference | QBTS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −37.3% | −19.0% | −38.0% | +0.7 pts | 69% |
| Since launch | −41.1% | −16.4% | −32.8% | −8.3 pts | 97% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of QBTS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.97 times, against +2 stated | ETFIQ |
| Underlying | QBTS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jul 10, 2026 | ETFIQ |
| Underlying volatility over the window | 69% annualized | ETFIQ |

## Questions

### Did QUA return +2 times QBTS?

Over the window to Sep 11, 2026, QBTS moved −19.0% and QUA returned −37.3%. 2 times that move is −38.0%, so the fund came out 0.7 points ahead of it.

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

Because it resets daily. QUA 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 QBTS ETF tracked its stated multiple most closely?

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

HTML: https://etfiq.com/funds/QUA  ·  JSON: https://etfiq.com/funds/QUA.json