# XLEX (Corgi U.S. Energy 2x Daily ETF)

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

Three months to Sep 11, 2026: XLEX returned +24.9% where its own daily promise gave +28.5%, 3.6 points short.

## Key facts

- XLEX, what XLE did: +14.0%, as of Sep 11, 2026.
- XLEX, what +2 times a day gives: +28.5%, as of Sep 11, 2026.
- XLEX, what the fund returned: +24.9%, as of Sep 11, 2026.
- XLEX, the fund itself cost: −3.6 pts, as of Sep 11, 2026.
- XLEX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).
- XLEX, underlying: XLE, as of Sep 11, 2026.

## XLEX over each window to Sep 11, 2026

| Window | Fund | XLE | +2x the move | Difference | XLE moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +12.4% | +6.7% | +13.5% | −1.1 pts | 15% |
| 3 months | +24.9% | +14.0% | +28.0% | −3.1 pts | 22% |
| Since launch | +18.4% | +11.7% | +23.5% | −5.0 pts | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLE, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.78 times, against +2 stated | ETFIQ |
| Underlying | XLE | 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 | 22% annualized | ETFIQ |

## Questions

### Did XLEX return +2 times XLE?

Over the window to Sep 11, 2026, XLE moved +14.0% and XLEX returned +24.9%. 2 times that move is +28.0%, so the fund came out 3.1 points short of it.

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

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

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