# USMX (Corgi U.S. Mid-Cap 2x Daily ETF)

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

One month to Oct 9, 2026: USMX returned −0.4% where its own daily promise gave +0.6%, 1.0 points short.

## Key facts

- USMX, what VO did: +0.4%, as of Oct 9, 2026.
- USMX, what 2 times a day gives: +0.6%, as of Oct 9, 2026.
- USMX, what the fund returned: −0.4%, as of Oct 9, 2026.
- USMX, the fund itself cost: −1.0 pts, as of Oct 9, 2026.
- USMX, net assets: $502,470 (the issuer’s own daily fund list, as of Oct 9, 2026).
- USMX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).

## USMX over each window to Oct 9, 2026

| Window | Fund | VO | +2x the move | Difference | VO moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −0.4% | +0.4% | +0.7% | −1.1 pts | 11% |
| Since launch | −5.8% | −2.0% | −3.9% | −1.9 pts | 10% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of VO, reset daily | ETFIQ |
| Multiple a holder actually got over the window | VO moved +0.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | VO | ETFIQ |
| Segment | sector or country, index | ETFIQ |
| Net assets | $502,470 | the issuer’s own daily fund list, as of Oct 9, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| First traded | Aug 19, 2026 | ETFIQ |
| Underlying volatility over the window | 11% annualized | ETFIQ |

## Questions

### Did USMX return +2 times VO?

Over the month to Oct 9, 2026, VO moved +0.4% and USMX returned −0.4%. 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.

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

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.


## Cite this page

ETFIQ, USMX, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/usmx
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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