# MHX (Corgi MARA 2x Daily ETF)

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

One month to Sep 30, 2026: MHX returned +4.7% where its own daily promise gave +5.5%, 0.9 points short.

## Key facts

- MHX, what MARA did: +5.2%, as of Sep 30, 2026.
- MHX, what 2 times a day gives: +5.5%, as of Sep 30, 2026.
- MHX, what the fund returned: +4.7%, as of Sep 30, 2026.
- MHX, the fund itself cost: −0.9 pts, as of Sep 30, 2026.
- MHX, net assets: $263,061 (the issuer’s own daily fund list, as of Sep 30, 2026).
- MHX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## MHX over each window to Sep 30, 2026

| Window | Fund | MARA | +2x the move | Difference | MARA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.7% | +5.2% | +10.4% | −5.7 pts | 80% |
| Since launch | −29.6% | −6.8% | −13.7% | −16.0 pts | 95% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of MARA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.9 times, against +2 stated | ETFIQ |
| Underlying | MARA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $263,061 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 14, 2026 | ETFIQ |
| Underlying volatility over the window | 80% annualized | ETFIQ |

## Questions

### Did MHX return +2 times MARA?

Over the window to Sep 30, 2026, MARA moved +5.2% and MHX returned +4.7%. 2 times that move is +10.4%, so the fund came out 5.7 points short of it.

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

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

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