# CARX (Corgi CART 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: CARX returned −13.1% where its own daily promise gave −10.4%, 2.7 points short.

## Key facts

- CARX, what CART did: −3.3%, as of Oct 2, 2026.
- CARX, what 2 times a day gives: −10.4%, as of Oct 2, 2026.
- CARX, what the fund returned: −13.1%, as of Oct 2, 2026.
- CARX, the fund itself cost: −2.7 pts, as of Oct 2, 2026.
- CARX, net assets: $318,904 (the issuer’s own daily fund list, as of Oct 2, 2026).
- CARX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## CARX over each window to Oct 2, 2026

| Window | Fund | CART | +2x the move | Difference | CART moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −28.0% | −14.1% | −28.3% | +0.3 pts | 37% |
| 3 months | −13.1% | −3.3% | −6.7% | −6.4 pts | 41% |
| Since launch | −17.0% | −5.0% | −10.1% | −7.0 pts | 41% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CART, reset daily | ETFIQ |
| Multiple a holder actually got over the window | CART moved −3.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | CART | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $318,904 | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 24, 2026 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did CARX return +2 times CART?

Over the window to Oct 2, 2026, CART moved −3.3% and CARX returned −13.1%. 2 times that move is −6.7%, so the fund came out 6.4 points short of it.

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

Because it resets daily. CARX 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, CARX, data as of Oct 2, 2026. https://etfiq.com/funds/carx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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