# UN (Corgi UNH 2x Daily ETF)

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

One month to Sep 11, 2026: UN returned −13.8% where its own daily promise gave −13.0%, 0.9 points short.

## Key facts

- UN, what UNH did: −6.5%, as of Sep 11, 2026.
- UN, what +2 times a day gives: −13.0%, as of Sep 11, 2026.
- UN, what the fund returned: −13.8%, as of Sep 11, 2026.
- UN, the fund itself cost: −0.9 pts, as of Sep 11, 2026.
- UN, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).
- UN, underlying: UNH, as of Sep 11, 2026.

## UN over each window to Sep 11, 2026

| Window | Fund | UNH | +2x the move | Difference | UNH moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −13.8% | −6.5% | −13.1% | −0.8 pts | 20% |
| Since launch | −23.9% | −11.5% | −22.9% | −1.0 pts | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of UNH, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.12 times, against +2 stated | ETFIQ |
| Underlying | UNH | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 7, 2026 | ETFIQ |
| Underlying volatility over the window | 20% annualized | ETFIQ |

## Questions

### Did UN return +2 times UNH?

Over the window to Sep 11, 2026, UNH moved −6.5% and UN returned −13.8%. 2 times that move is −13.1%, so the fund came out 0.8 points short of it.

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

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

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