# SMCC (Corgi SMCI 2x Daily ETF)

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

Three months to Sep 30, 2026: SMCC returned +73.4% where its own daily promise gave +86.9%, 13.5 points short.

## Key facts

- SMCC, what SMCI did: +48.5%, as of Sep 30, 2026.
- SMCC, what 2 times a day gives: +86.9%, as of Sep 30, 2026.
- SMCC, what the fund returned: +73.4%, as of Sep 30, 2026.
- SMCC, the fund itself cost: −13.5 pts, as of Sep 30, 2026.
- SMCC, net assets: $415,760 (the issuer’s own daily fund list, as of Sep 30, 2026).
- SMCC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## SMCC over each window to Sep 30, 2026

| Window | Fund | SMCI | +2x the move | Difference | SMCI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +14.1% | +10.2% | +20.3% | −6.3 pts | 66% |
| 3 months | +73.4% | +48.5% | +97.1% | −23.6 pts | 86% |
| Since launch | +54.4% | +40.0% | +80.1% | −25.7 pts | 87% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SMCI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.51 times, against +2 stated | ETFIQ |
| Underlying | SMCI | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $415,760 | 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 | 86% annualized | ETFIQ |

## Questions

### Did SMCC return +2 times SMCI?

Over the window to Sep 30, 2026, SMCI moved +48.5% and SMCC returned +73.4%. 2 times that move is +97.1%, so the fund came out 23.6 points short of it.

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

Because it resets daily. SMCC 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 SMCI ETF tracked its stated multiple most closely?

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

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