# GMEC (Corgi GME 2x Daily ETF)

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

Three months to Sep 30, 2026: GMEC returned +10.8% where its own daily promise gave +13.2%, 2.4 points short.

## Key facts

- GMEC, what GME did: +8.9%, as of Sep 30, 2026.
- GMEC, what 2 times a day gives: +13.2%, as of Sep 30, 2026.
- GMEC, what the fund returned: +10.8%, as of Sep 30, 2026.
- GMEC, the fund itself cost: −2.4 pts, as of Sep 30, 2026.
- GMEC, net assets: $433,362 (the issuer’s own daily fund list, as of Sep 30, 2026).
- GMEC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## GMEC over each window to Sep 30, 2026

| Window | Fund | GME | +2x the move | Difference | GME moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +74.5% | +34.1% | +68.2% | +6.3 pts | 42% |
| 3 months | +10.8% | +8.9% | +17.8% | −6.9 pts | 41% |
| Since launch | +15.6% | +11.6% | +23.3% | −7.7 pts | 41% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of GME, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.22 times, against +2 stated | ETFIQ |
| Underlying | GME | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $433,362 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 30, 2026 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did GMEC return +2 times GME?

Over the window to Sep 30, 2026, GME moved +8.9% and GMEC returned +10.8%. 2 times that move is +17.8%, so the fund came out 6.9 points short of it.

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

Because it resets daily. GMEC 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 GME ETF tracked its stated multiple most closely?

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

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