# XW (Corgi Ex-U.S. Equities 2x Daily ETF)

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

Three months to Sep 11, 2026: XW returned +0.7% where its own daily promise gave +3.7%, 3.0 points short.

## Key facts

- XW, what VXUS did: +2.2%, as of Sep 11, 2026.
- XW, what +2 times a day gives: +3.7%, as of Sep 11, 2026.
- XW, what the fund returned: +0.7%, as of Sep 11, 2026.
- XW, the fund itself cost: −3.0 pts, as of Sep 11, 2026.
- XW, net assets: $240,444 (source, as filed for Jun 30, 2026).
- XW, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).

## XW over each window to Sep 11, 2026

| Window | Fund | VXUS | +2x the move | Difference | VXUS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.9% | −0.5% | −0.9% | −1.0 pts | 11% |
| 3 months | +0.7% | +2.2% | +4.3% | −3.6 pts | 16% |
| Since launch | −0.9% | +1.7% | +3.3% | −4.3 pts | 18% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VXUS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VXUS moved +2.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VXUS | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $240,444 | source, as filed for Jun 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 16% annualized | ETFIQ |

## Questions

### Did XW return +2 times VXUS?

Over the window to Sep 11, 2026, VXUS moved +2.2% and XW returned +0.7%. 2 times that move is +4.3%, so the fund came out 3.6 points short of it.

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

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

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