# FDRX (Founder-Led 2x Daily ETF)

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

Three months to Oct 2, 2026: FDRX returned +20.2% where its own daily promise gave +24.4%, 4.2 points short.

## Key facts

- FDRX, what FDRS did: +12.6%, as of Oct 2, 2026.
- FDRX, what 2 times a day gives: +24.4%, as of Oct 2, 2026.
- FDRX, what the fund returned: +20.2%, as of Oct 2, 2026.
- FDRX, the fund itself cost: −4.2 pts, as of Oct 2, 2026.
- FDRX, net assets: $1m (the issuer’s own daily fund list, as of Oct 2, 2026).
- FDRX, expense ratio: 1.08% (485BPOS XBRL, Apr 30, 2026).

## FDRX over each window to Oct 2, 2026

| Window | Fund | FDRS | +2x the move | Difference | FDRS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +11.8% | +6.8% | +13.5% | −1.7 pts | 25% |
| 3 months | +20.2% | +12.6% | +25.2% | −5.0 pts | 28% |
| 6 months | +49.8% | +28.5% | +57.1% | −7.3 pts | 28% |
| Since launch | +1.4% | +8.6% | +17.3% | −15.8 pts | 29% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of FDRS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.6 times, against +2 stated | ETFIQ |
| Underlying | FDRS | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $1m | the issuer’s own daily fund list, as of Oct 2, 2026 |
| Expense ratio | 1.08% | 485BPOS XBRL, Apr 30, 2026 |
| Launched | Jan 15, 2026 | ETFIQ |
| Underlying volatility over the window | 28% annualized | ETFIQ |

## Questions

### Did FDRX return +2 times FDRS?

Over the window to Oct 2, 2026, FDRS moved +12.6% and FDRX returned +20.2%. 2 times that move is +25.2%, so the fund came out 5.0 points short of it.

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

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

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