{
 "ticker": "TPLX",
 "name": "Corgi TPL 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/TPLX",
 "html": "https://etfiq.com/funds/TPLX",
 "markdown": "https://etfiq.com/funds/TPLX.md",
 "as_of": "2026-09-11",
 "verdict": "One month to Sep 11, 2026: TPLX returned +13.6% where its own daily promise gave +15.3%, 1.7 points short.",
 "key_facts": [
  {
   "key": "what_tpl_did",
   "label": "What TPL did",
   "value": "+7.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPLX, what TPL did: +7.9%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+15.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPLX, what +2 times a day gives: +15.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+13.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPLX, what the fund returned: +13.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.7 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPLX, the fund itself cost: \u22121.7 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPLX, expense ratio: not read by ETFIQ, as of Sep 11, 2026."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TPL",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPLX, underlying: TPL, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of TPL, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.73 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "TPL",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 24, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "33% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+13.6%",
   "TPL": "+7.9%",
   "+2x the move": "+15.7%",
   "Difference": "\u22122.1 pts",
   "TPL moved about": "33%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221211.1%",
   "TPL": "\u22122.1%",
   "+2x the move": "\u22124.2%",
   "Difference": "\u22126.9 pts",
   "TPL moved about": "44%"
  }
 ],
 "questions": [
  {
   "q": "Did TPLX return +2 times TPL?",
   "a": "Over the window to Sep 11, 2026, TPL moved +7.9% and TPLX returned +13.6%. 2 times that move is +15.7%, so the fund came out 2.1 points short of it."
  },
  {
   "q": "Why does TPLX not return +2 times over a year?",
   "a": "Because it resets daily. TPLX 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}