# SMRX (Corgi SMR 2x Daily ETF)

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

One month to Sep 30, 2026: SMRX returned −34.4% where its own daily promise gave −33.3%, 1.1 points short.

## Key facts

- SMRX, what SMR did: −14.8%, as of Sep 30, 2026.
- SMRX, what 2 times a day gives: −33.3%, as of Sep 30, 2026.
- SMRX, what the fund returned: −34.4%, as of Sep 30, 2026.
- SMRX, the fund itself cost: −1.1 pts, as of Sep 30, 2026.
- SMRX, net assets: $230,697 (the issuer’s own daily fund list, as of Sep 30, 2026).
- SMRX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## SMRX over each window to Sep 30, 2026

| Window | Fund | SMR | +2x the move | Difference | SMR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −34.4% | −14.8% | −29.6% | −4.8 pts | 97% |
| Since launch | −38.7% | −12.6% | −25.2% | −13.5 pts | 92% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SMR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.33 times, against +2 stated | ETFIQ |
| Underlying | SMR | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $230,697 | 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 | 97% annualized | ETFIQ |

## Questions

### Did SMRX return +2 times SMR?

Over the window to Sep 30, 2026, SMR moved −14.8% and SMRX returned −34.4%. 2 times that move is −29.6%, so the fund came out 4.8 points short of it.

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

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

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