# ARMA (Corgi ARM 2x Daily ETF)

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

Three months to Sep 30, 2026: ARMA returned −39.9% where its own daily promise gave −38.3%, 1.6 points short.

## Key facts

- ARMA, what ARM did: −14.2%, as of Sep 30, 2026.
- ARMA, what 2 times a day gives: −38.3%, as of Sep 30, 2026.
- ARMA, what the fund returned: −39.9%, as of Sep 30, 2026.
- ARMA, the fund itself cost: −1.6 pts, as of Sep 30, 2026.
- ARMA, net assets: $503,775 (the issuer’s own daily fund list, as of Sep 30, 2026).
- ARMA, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## ARMA over each window to Sep 30, 2026

| Window | Fund | ARM | +2x the move | Difference | ARM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +32.5% | +19.7% | +39.5% | −7.0 pts | 92% |
| 3 months | −39.9% | −14.2% | −28.3% | −11.6 pts | 86% |
| Since launch | −46.1% | −18.3% | −36.6% | −9.5 pts | 86% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of ARM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.82 times, against +2 stated | ETFIQ |
| Underlying | ARM | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $503,775 | 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 | 86% annualized | ETFIQ |

## Questions

### Did ARMA return +2 times ARM?

Over the window to Sep 30, 2026, ARM moved −14.2% and ARMA returned −39.9%. 2 times that move is −28.3%, so the fund came out 11.6 points short of it.

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

Because it resets daily. ARMA 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 ARM 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, ARMA, data as of Sep 30, 2026. https://etfiq.com/funds/arma
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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