# TERC (Corgi TER 2x Daily ETF)

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

One month to Sep 30, 2026: TERC returned +25.4% where its own daily promise gave +26.1%, 0.7 points short.

## Key facts

- TERC, what TER did: +14.6%, as of Sep 30, 2026.
- TERC, what 2 times a day gives: +26.1%, as of Sep 30, 2026.
- TERC, what the fund returned: +25.4%, as of Sep 30, 2026.
- TERC, the fund itself cost: −0.7 pts, as of Sep 30, 2026.
- TERC, net assets: $471,346 (the issuer’s own daily fund list, as of Sep 30, 2026).
- TERC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## TERC over each window to Sep 30, 2026

| Window | Fund | TER | +2x the move | Difference | TER moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +25.4% | +14.6% | +29.3% | −3.9 pts | 65% |
| Since launch | +19.3% | +16.9% | +33.8% | −14.5 pts | 74% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of TER, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.73 times, against +2 stated | ETFIQ |
| Underlying | TER | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $471,346 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 7, 2026 | ETFIQ |
| Underlying volatility over the window | 65% annualized | ETFIQ |

## Questions

### Did TERC return +2 times TER?

Over the window to Sep 30, 2026, TER moved +14.6% and TERC returned +25.4%. 2 times that move is +29.3%, so the fund came out 3.9 points short of it.

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

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

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