# CIR (Corgi CRCL 2x Daily ETF)

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

One month to Sep 30, 2026: CIR returned −31.7% where its own daily promise gave −31.2%, 0.5 points short.

## Key facts

- CIR, what CRCL did: −14.0%, as of Sep 30, 2026.
- CIR, what 2 times a day gives: −31.2%, as of Sep 30, 2026.
- CIR, what the fund returned: −31.7%, as of Sep 30, 2026.
- CIR, the fund itself cost: −0.5 pts, as of Sep 30, 2026.
- CIR, net assets: $586,610 (the issuer’s own daily fund list, as of Sep 30, 2026).
- CIR, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## CIR over each window to Sep 30, 2026

| Window | Fund | CRCL | +2x the move | Difference | CRCL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −31.7% | −14.0% | −28.0% | −3.7 pts | 95% |
| Since launch | +30.6% | +26.1% | +52.2% | −21.6 pts | 85% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CRCL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.27 times, against +2 stated | ETFIQ |
| Underlying | CRCL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $586,610 | 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 | 95% annualized | ETFIQ |

## Questions

### Did CIR return +2 times CRCL?

Over the window to Sep 30, 2026, CRCL moved −14.0% and CIR returned −31.7%. 2 times that move is −28.0%, so the fund came out 3.7 points short of it.

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

Because it resets daily. CIR 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 CRCL ETF tracked its stated multiple most closely?

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

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