# CORD (T-REX 2X INVERSE CRWV DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: CORD returned −58.4% where its own daily promise gave −58.1%, 0.3 points short.

## Key facts

- CORD, what CRWV did: +1.7%, as of Sep 30, 2026.
- CORD, what −2 times a day gives: −58.1%, as of Sep 30, 2026.
- CORD, what the fund returned: −58.4%, as of Sep 30, 2026.
- CORD, the fund itself cost: −0.3 pts, as of Sep 30, 2026.
- CORD, net assets: $20m (issuer page, as of Sep 29, 2026).
- CORD, expense ratio: 1.50% (485BPOS XBRL, Apr 30, 2026).

## CORD over each window to Sep 30, 2026

| Window | Fund | CRWV | -2x the move | Difference | CRWV moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −16.3% | +2.6% | −5.3% | −11.1 pts | 70% |
| 3 months | −58.4% | +1.7% | −3.3% | −55.1 pts | 100% |
| 6 months | −80.1% | +11.1% | −22.1% | −58.0 pts | 94% |
| 1 year | −85.6% | −36.3% | +72.7% | −158.3 pts | 94% |
| Since launch | −89.4% | −27.6% | +55.2% | −144.6 pts | 95% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of CRWV, reset daily | ETFIQ |
| Multiple a holder actually got over the window | CRWV moved +1.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | CRWV | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $20m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.50% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Sep 26, 2025 | ETFIQ |
| Underlying volatility over the window | 100% annualized | ETFIQ |

## Questions

### Did CORD return -2 times CRWV?

Over the window to Sep 30, 2026, CRWV moved +1.7% and CORD returned −58.4%. −2 times that move is −3.3%, so the fund came out 55.1 points short of it.

### Why does CORD not return -2 times over a year?

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

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