{
 "ticker": "USMX",
 "name": "Corgi U.S. Mid-Cap 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/usmx",
 "html": "https://etfiq.com/funds/usmx",
 "markdown": "https://etfiq.com/funds/usmx.md",
 "as_of": "2026-10-09",
 "verdict": "One month to Oct 9, 2026: USMX returned \u22120.4% where its own daily promise gave +0.6%, 1.0 points short.",
 "key_facts": [
  {
   "key": "what_vo_did",
   "label": "What VO did",
   "value": "+0.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USMX, what VO did: +0.4%, as of Oct 9, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+0.6%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USMX, what 2 times a day gives: +0.6%, as of Oct 9, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22120.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USMX, what the fund returned: \u22120.4%, as of Oct 9, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.0 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "USMX, the fund itself cost: \u22121.0 pts, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$502,470",
   "source": "the issuer\u2019s own daily fund list, as of Oct 9, 2026",
   "as_of": "2026-10-09",
   "sentence": "USMX, net assets: $502,470 (the issuer\u2019s own daily fund list, as of Oct 9, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, May 28, 2026",
   "as_of": "2026-10-09",
   "sentence": "USMX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of VO, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "VO moved +0.4% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "VO",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, index",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$502,470",
   "source": "the issuer\u2019s own daily fund list, as of Oct 9, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "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": "11% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22120.4%",
   "VO": "+0.4%",
   "+2x the move": "+0.7%",
   "Difference": "\u22121.1 pts",
   "VO moved about, annualized": "11%"
  },
  {
   "window": "Since launch",
   "Fund": "\u22125.8%",
   "VO": "\u22122.0%",
   "+2x the move": "\u22123.9%",
   "Difference": "\u22121.9 pts",
   "VO moved about, annualized": "10%"
  }
 ],
 "questions": [
  {
   "q": "Did USMX return +2 times VO?",
   "a": "Over the month to Oct 9, 2026, VO moved +0.4% and USMX returned \u22120.4%. 2 times that move is +0.7%, so the fund came out 1.1 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.0 points short."
  },
  {
   "q": "Why does USMX not return +2 times over a year?",
   "a": "Because it resets daily. USMX 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, USMX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/usmx"
}