{
 "ticker": "USLX",
 "name": "Corgi U.S. Large-Cap 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/uslx",
 "html": "https://etfiq.com/funds/uslx",
 "markdown": "https://etfiq.com/funds/uslx.md",
 "as_of": "2026-10-09",
 "verdict": "One month to Oct 9, 2026: USLX returned +3.8% where its own daily promise gave +4.7%, 0.9 points short.",
 "key_facts": [
  {
   "key": "what_voo_did",
   "label": "What VOO did",
   "value": "+2.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USLX, what VOO did: +2.4%, as of Oct 9, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+4.7%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USLX, what 2 times a day gives: +4.7%, as of Oct 9, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+3.8%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USLX, what the fund returned: +3.8%, as of Oct 9, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.9 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USLX, the fund itself cost: \u22120.9 pts, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 9, 2026",
   "as_of": "2026-10-09",
   "sentence": "USLX, net assets: $2m (the issuer\u2019s own daily fund list, as of Oct 9, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.20%",
   "source": "485BPOS XBRL, May 28, 2026",
   "as_of": "2026-10-09",
   "sentence": "USLX, expense ratio: 0.20% (485BPOS XBRL, May 28, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of VOO, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "VOO moved +2.4% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "VOO",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "the issuer\u2019s own daily fund list, as of Oct 9, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.20%",
   "source": "485BPOS XBRL, May 28, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Aug 19, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "10% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+3.8%",
   "VOO": "+2.4%",
   "+2x the move": "+4.7%",
   "Difference": "\u22120.9 pts",
   "VOO moved about, annualized": "10%"
  },
  {
   "window": "Since launch",
   "Fund": "+1.8%",
   "VOO": "+1.5%",
   "+2x the move": "+3.0%",
   "Difference": "\u22121.2 pts",
   "VOO moved about, annualized": "9%"
  }
 ],
 "questions": [
  {
   "q": "Did USLX return +2 times VOO?",
   "a": "Over the month to Oct 9, 2026, VOO moved +2.4% and USLX returned +3.8%. 2 times that move is +4.7%, so the fund came out 0.9 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 0.9 points short."
  },
  {
   "q": "Why does USLX not return +2 times over a year?",
   "a": "Because it resets daily. USLX 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."
  }
 ],
 "generated": "2026-10-10",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, USLX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/uslx"
}