# XLBX (Corgi U.S. Materials 2x Daily ETF)

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

Three months to Sep 11, 2026: XLBX returned −7.3% where its own daily promise gave −4.6%, 2.7 points short.

## Key facts

- XLBX, what XLB did: −2.0%, as of Sep 11, 2026.
- XLBX, what +2 times a day gives: −4.6%, as of Sep 11, 2026.
- XLBX, what the fund returned: −7.3%, as of Sep 11, 2026.
- XLBX, the fund itself cost: −2.7 pts, as of Sep 11, 2026.
- XLBX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).
- XLBX, underlying: XLB, as of Sep 11, 2026.

## XLBX over each window to Sep 11, 2026

| Window | Fund | XLB | +2x the move | Difference | XLB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.2% | −3.1% | −6.2% | −1.0 pts | 15% |
| 3 months | −7.3% | −2.0% | −4.0% | −3.4 pts | 17% |
| Since launch | −6.0% | −0.9% | −1.9% | −4.2 pts | 19% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLB moved −2.0% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLB | 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 | 17% annualized | ETFIQ |

## Questions

### Did XLBX return +2 times XLB?

Over the window to Sep 11, 2026, XLB moved −2.0% and XLBX returned −7.3%. 2 times that move is −4.0%, so the fund came out 3.4 points short of it.

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

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

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