# USLX (Corgi U.S. Large-Cap 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Oct 9, 2026

One month to Oct 9, 2026: USLX returned +3.8% where its own daily promise gave +4.7%, 0.9 points short.

## Key facts

- USLX, what VOO did: +2.4%, as of Oct 9, 2026.
- USLX, what 2 times a day gives: +4.7%, as of Oct 9, 2026.
- USLX, what the fund returned: +3.8%, as of Oct 9, 2026.
- USLX, the fund itself cost: −0.9 pts, as of Oct 9, 2026.
- USLX, net assets: $2m (the issuer’s own daily fund list, as of Oct 9, 2026).
- USLX, expense ratio: 0.20% (485BPOS XBRL, May 28, 2026).

## USLX over each window to Oct 9, 2026

| Window | Fund | VOO | +2x the move | Difference | VOO moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.8% | +2.4% | +4.7% | −0.9 pts | 10% |
| Since launch | +1.8% | +1.5% | +3.0% | −1.2 pts | 9% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VOO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VOO moved +2.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VOO | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $2m | the issuer’s own daily fund list, as of Oct 9, 2026 |
| Expense ratio | 0.20% | 485BPOS XBRL, May 28, 2026 |
| First traded | Aug 19, 2026 | ETFIQ |
| Underlying volatility over the window | 10% annualized | ETFIQ |

## Questions

### Did USLX return +2 times VOO?

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.

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

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.


## Cite this page

ETFIQ, USLX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/uslx
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

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