# SNDC (Corgi SNDK 2x Daily ETF)

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

Three months to Sep 30, 2026: SNDC returned −51.8% where its own daily promise gave −47.7%, 4.1 points short.

## Key facts

- SNDC, what SNDK did: −14.4%, as of Sep 30, 2026.
- SNDC, what 2 times a day gives: −47.7%, as of Sep 30, 2026.
- SNDC, what the fund returned: −51.8%, as of Sep 30, 2026.
- SNDC, the fund itself cost: −4.1 pts, as of Sep 30, 2026.
- SNDC, net assets: $4m (the issuer’s own daily fund list, as of Sep 30, 2026).
- SNDC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## SNDC over each window to Sep 30, 2026

| Window | Fund | SNDK | +2x the move | Difference | SNDK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +16.7% | +11.1% | +22.1% | −5.4 pts | 73% |
| 3 months | −51.8% | −14.4% | −28.8% | −23.0 pts | 117% |
| Since launch | −61.7% | −23.5% | −47.0% | −14.8 pts | 118% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SNDK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.6 times, against +2 stated | ETFIQ |
| Underlying | SNDK | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | 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 | 117% annualized | ETFIQ |

## Questions

### Did SNDC return +2 times SNDK?

Over the window to Sep 30, 2026, SNDK moved −14.4% and SNDC returned −51.8%. 2 times that move is −28.8%, so the fund came out 23.0 points short of it.

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

Because it resets daily. SNDC 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 SNDK ETF tracked its stated multiple most closely?

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

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