# SMRX (Corgi SMR 2x Daily ETF)

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

One month to Sep 11, 2026: SMRX returned −26.4% where its own daily promise gave −26.3%, 0.1 points short.

## Key facts

- SMRX, what SMR did: −10.2%, as of Sep 11, 2026.
- SMRX, what +2 times a day gives: −26.3%, as of Sep 11, 2026.
- SMRX, what the fund returned: −26.4%, as of Sep 11, 2026.
- SMRX, the fund itself cost: −0.1 pts, as of Sep 11, 2026.
- SMRX, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- SMRX, underlying: SMR, as of Sep 11, 2026.

## SMRX over each window to Sep 11, 2026

| Window | Fund | SMR | +2x the move | Difference | SMR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.4% | −10.2% | −20.4% | −5.9 pts | 101% |
| Since launch | −24.2% | −4.8% | −9.5% | −14.7 pts | 97% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SMR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.58 times, against +2 stated | ETFIQ |
| Underlying | SMR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jul 10, 2026 | ETFIQ |
| Underlying volatility over the window | 101% annualized | ETFIQ |

## Questions

### Did SMRX return +2 times SMR?

Over the window to Sep 11, 2026, SMR moved −10.2% and SMRX returned −26.4%. 2 times that move is −20.4%, so the fund came out 5.9 points short of it.

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

Because it resets daily. SMRX 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 SMR ETF tracked its stated multiple most closely?

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

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