# XIWC (Corgi U.S. Micro-Cap 2x Daily ETF)

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

Three months to Sep 11, 2026: XIWC returned −2.3% where its own daily promise gave +1.4%, 3.7 points short.

## Key facts

- XIWC, what IWC did: +1.1%, as of Sep 11, 2026.
- XIWC, what +2 times a day gives: +1.4%, as of Sep 11, 2026.
- XIWC, what the fund returned: −2.3%, as of Sep 11, 2026.
- XIWC, the fund itself cost: −3.7 pts, as of Sep 11, 2026.
- XIWC, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).
- XIWC, underlying: IWC, as of Sep 11, 2026.

## XIWC over each window to Sep 11, 2026

| Window | Fund | IWC | +2x the move | Difference | IWC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.3% | −3.9% | −7.8% | −1.5 pts | 15% |
| 3 months | −2.3% | +1.1% | +2.2% | −4.5 pts | 17% |
| Since launch | −0.8% | +2.1% | +4.3% | −5.1 pts | 21% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of IWC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | IWC moved +1.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | IWC | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 17% annualized | ETFIQ |

## Questions

### Did XIWC return +2 times IWC?

Over the window to Sep 11, 2026, IWC moved +1.1% and XIWC returned −2.3%. 2 times that move is +2.2%, so the fund came out 4.5 points short of it.

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

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

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