# UMCX (Corgi UMC 2x Daily ETF)

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

One month to Sep 11, 2026: UMCX returned +32.5% where its own daily promise gave +35.1%, 2.6 points short.

## Key facts

- UMCX, what UMC did: +17.2%, as of Sep 11, 2026.
- UMCX, what +2 times a day gives: +35.1%, as of Sep 11, 2026.
- UMCX, what the fund returned: +32.5%, as of Sep 11, 2026.
- UMCX, the fund itself cost: −2.6 pts, as of Sep 11, 2026.
- UMCX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- UMCX, underlying: UMC, as of Sep 11, 2026.

## UMCX over each window to Sep 11, 2026

| Window | Fund | UMC | +2x the move | Difference | UMC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +32.5% | +17.2% | +34.5% | −2.0 pts | 44% |
| Since launch | −42.2% | −17.8% | −35.6% | −6.6 pts | 70% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of UMC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.89 times, against +2 stated | ETFIQ |
| Underlying | UMC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 24, 2026 | ETFIQ |
| Underlying volatility over the window | 44% annualized | ETFIQ |

## Questions

### Did UMCX return +2 times UMC?

Over the window to Sep 11, 2026, UMC moved +17.2% and UMCX returned +32.5%. 2 times that move is +34.5%, so the fund came out 2.0 points short of it.

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

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

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