# APMI (Corgi AMAT 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: APMI returned +21.5% where its own daily promise gave +21.9%, 0.4 points short.

## Key facts

- APMI, what AMAT did: +11.6%, as of Sep 30, 2026.
- APMI, what 2 times a day gives: +21.9%, as of Sep 30, 2026.
- APMI, what the fund returned: +21.5%, as of Sep 30, 2026.
- APMI, the fund itself cost: −0.4 pts, as of Sep 30, 2026.
- APMI, net assets: $740,612 (the issuer’s own daily fund list, as of Sep 30, 2026).
- APMI, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## APMI over each window to Sep 30, 2026

| Window | Fund | AMAT | +2x the move | Difference | AMAT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +21.5% | +11.6% | +23.1% | −1.6 pts | 49% |
| Since launch | −23.3% | −7.7% | −15.4% | −7.9 pts | 63% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMAT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.86 times, against +2 stated | ETFIQ |
| Underlying | AMAT | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $740,612 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 7, 2026 | ETFIQ |
| Underlying volatility over the window | 49% annualized | ETFIQ |

## Questions

### Did APMI return +2 times AMAT?

Over the window to Sep 30, 2026, AMAT moved +11.6% and APMI returned +21.5%. 2 times that move is +23.1%, so the fund came out 1.6 points short of it.

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

Because it resets daily. APMI 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 AMAT 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 figure itself.


## Cite this page

ETFIQ, APMI, data as of Sep 30, 2026. https://etfiq.com/funds/apmi
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/apmi  ·  JSON: https://etfiq.com/funds/apmi.json