# APPC (Corgi APP 2x Daily ETF)

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

Three months to Sep 30, 2026: APPC returned −77.3% where its own daily promise gave −76.8%, 0.4 points short.

## Key facts

- APPC, what APP did: −48.6%, as of Sep 30, 2026.
- APPC, what 2 times a day gives: −76.8%, as of Sep 30, 2026.
- APPC, what the fund returned: −77.3%, as of Sep 30, 2026.
- APPC, the fund itself cost: −0.4 pts, as of Sep 30, 2026.
- APPC, net assets: $356,965 (the issuer’s own daily fund list, as of Sep 30, 2026).
- APPC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## APPC over each window to Sep 30, 2026

| Window | Fund | APP | +2x the move | Difference | APP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −15.5% | −6.9% | −13.9% | −1.6 pts | 45% |
| 3 months | −77.3% | −48.6% | −97.1% | +19.8 pts | 62% |
| Since launch | −73.0% | −43.6% | −87.3% | +14.3 pts | 65% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of APP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.59 times, against +2 stated | ETFIQ |
| Underlying | APP | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $356,965 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 62% annualized | ETFIQ |

## Questions

### Did APPC return +2 times APP?

Over the window to Sep 30, 2026, APP moved −48.6% and APPC returned −77.3%. 2 times that move is −97.1%, so the fund came out 19.8 points ahead of it.

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

Because it resets daily. APPC 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 APP 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 figure itself.


## Cite this page

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

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