# QUA (Corgi QBTS 2x Daily ETF)

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

One month to Sep 30, 2026: QUA returned −9.9% where its own daily promise gave −9.3%, 0.6 points short.

## Key facts

- QUA, what QBTS did: −3.7%, as of Sep 30, 2026.
- QUA, what 2 times a day gives: −9.3%, as of Sep 30, 2026.
- QUA, what the fund returned: −9.9%, as of Sep 30, 2026.
- QUA, the fund itself cost: −0.6 pts, as of Sep 30, 2026.
- QUA, net assets: $188,792 (the issuer’s own daily fund list, as of Sep 30, 2026).
- QUA, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## QUA over each window to Sep 30, 2026

| Window | Fund | QBTS | +2x the move | Difference | QBTS moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.9% | −3.7% | −7.3% | −2.6 pts | 54% |
| Since launch | −43.7% | −17.5% | −35.0% | −8.7 pts | 90% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of QBTS, reset daily | ETFIQ |
| Multiple a holder actually got over the window | QBTS moved −3.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | QBTS | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $188,792 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 10, 2026 | ETFIQ |
| Underlying volatility over the window | 54% annualized | ETFIQ |

## Questions

### Did QUA return +2 times QBTS?

Over the window to Sep 30, 2026, QBTS moved −3.7% and QUA returned −9.9%. 2 times that move is −7.3%, so the fund came out 2.6 points short of it.

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

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

HTML: https://etfiq.com/funds/qua  ·  JSON: https://etfiq.com/funds/qua.json