# EMXX (Corgi Emerging Markets 2x Daily ETF)

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

Three months to Oct 2, 2026: EMXX returned −0.8% where its own daily promise gave +1.6%, 2.4 points short.

## Key facts

- EMXX, what VWO did: +1.1%, as of Oct 2, 2026.
- EMXX, what 2 times a day gives: +1.6%, as of Oct 2, 2026.
- EMXX, what the fund returned: −0.8%, as of Oct 2, 2026.
- EMXX, the fund itself cost: −2.4 pts, as of Oct 2, 2026.
- EMXX, net assets: $342,264 (the issuer’s own daily fund list, as of Oct 2, 2026).
- EMXX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).

## EMXX over each window to Oct 2, 2026

| Window | Fund | VWO | +2x the move | Difference | VWO moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.5% | −1.8% | −3.6% | −0.9 pts | 14% |
| 3 months | −0.8% | +1.1% | +2.1% | −2.9 pts | 15% |
| Since launch | −6.2% | −1.0% | −1.9% | −4.2 pts | 17% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VWO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VWO moved +1.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VWO | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $342,264 | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 15% annualized | ETFIQ |

## Questions

### Did EMXX return +2 times VWO?

Over the window to Oct 2, 2026, VWO moved +1.1% and EMXX returned −0.8%. 2 times that move is +2.1%, so the fund came out 2.9 points short of it.

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

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

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