{
 "ticker": "MPWC",
 "name": "Corgi MPWR 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/mpwc",
 "html": "https://etfiq.com/funds/mpwc",
 "markdown": "https://etfiq.com/funds/mpwc.md",
 "as_of": "2026-09-30",
 "verdict": "One month to Sep 30, 2026: MPWC returned +9.8% where its own daily promise gave +10.9%, 1.1 points short.",
 "key_facts": [
  {
   "key": "what_mpwr_did",
   "label": "What MPWR did",
   "value": "+6.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MPWC, what MPWR did: +6.4%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+10.9%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MPWC, what 2 times a day gives: +10.9%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+9.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MPWC, what the fund returned: +9.8%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.1 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "MPWC, the fund itself cost: \u22121.1 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$457,620",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "MPWC, net assets: $457,620 (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, Jun 5, 2026",
   "as_of": "2026-09-30",
   "sentence": "MPWC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of MPWR, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.53 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "MPWR",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$457,620",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, Jun 5, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 7, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "50% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+9.8%",
   "MPWR": "+6.4%",
   "+2x the move": "+12.8%",
   "Difference": "\u22123.0 pts",
   "MPWR moved about": "50%"
  },
  {
   "window": "Since launch",
   "Fund": "+3.4%",
   "MPWR": "+6.0%",
   "+2x the move": "+12.0%",
   "Difference": "\u22128.6 pts",
   "MPWR moved about": "52%"
  }
 ],
 "questions": [
  {
   "q": "Did MPWC return +2 times MPWR?",
   "a": "Over the window to Sep 30, 2026, MPWR moved +6.4% and MPWC returned +9.8%. 2 times that move is +12.8%, so the fund came out 3.0 points short of it."
  },
  {
   "q": "Why does MPWC not return +2 times over a year?",
   "a": "Because it resets daily. MPWC 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."
  },
  {
   "q": "Which +2x MPWR ETF tracked its stated multiple most closely?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}