# XHOA (Corgi U.S. Real Estate 2x Daily ETF)

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

Three months to Sep 11, 2026: XHOA returned −9.7% where its own daily promise gave −6.2%, 3.5 points short.

## Key facts

- XHOA, what VNQ did: −2.9%, as of Sep 11, 2026.
- XHOA, what +2 times a day gives: −6.2%, as of Sep 11, 2026.
- XHOA, what the fund returned: −9.7%, as of Sep 11, 2026.
- XHOA, the fund itself cost: −3.5 pts, as of Sep 11, 2026.
- XHOA, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).
- XHOA, underlying: VNQ, as of Sep 11, 2026.

## XHOA over each window to Sep 11, 2026

| Window | Fund | VNQ | +2x the move | Difference | VNQ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −5.7% | −2.6% | −5.2% | −0.6 pts | 11% |
| 3 months | −9.7% | −2.9% | −5.8% | −3.9 pts | 14% |
| Since launch | −2.8% | +1.3% | +2.6% | −5.4 pts | 15% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VNQ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VNQ moved −2.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VNQ | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 14% annualized | ETFIQ |

## Questions

### Did XHOA return +2 times VNQ?

Over the window to Sep 11, 2026, VNQ moved −2.9% and XHOA returned −9.7%. 2 times that move is −5.8%, so the fund came out 3.9 points short of it.

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

Because it resets daily. XHOA 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.


## Cite this page

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

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