# UMCX (Corgi UMC 2x Daily ETF)

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

Three months to Sep 30, 2026: UMCX returned −21.0% where its own daily promise gave −16.1%, 4.8 points short.

## Key facts

- UMCX, what UMC did: −3.2%, as of Sep 30, 2026.
- UMCX, what 2 times a day gives: −16.1%, as of Sep 30, 2026.
- UMCX, what the fund returned: −21.0%, as of Sep 30, 2026.
- UMCX, the fund itself cost: −4.8 pts, as of Sep 30, 2026.
- UMCX, net assets: $753,865 (the issuer’s own daily fund list, as of Sep 30, 2026).
- UMCX, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## UMCX over each window to Sep 30, 2026

| Window | Fund | UMC | +2x the move | Difference | UMC moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +46.9% | +23.2% | +46.4% | +0.5 pts | 52% |
| 3 months | −21.0% | −3.2% | −6.3% | −14.7 pts | 66% |
| Since launch | −33.4% | −11.1% | −22.2% | −11.2 pts | 67% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of UMC, reset daily | ETFIQ |
| Multiple a holder actually got over the window | UMC moved −3.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | UMC | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $753,865 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jun 24, 2026 | ETFIQ |
| Underlying volatility over the window | 66% annualized | ETFIQ |

## Questions

### Did UMCX return +2 times UMC?

Over the window to Sep 30, 2026, UMC moved −3.2% and UMCX returned −21.0%. 2 times that move is −6.3%, so the fund came out 14.7 points short of it.

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

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

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