# XLBX (Corgi U.S. Materials 2x Daily ETF)

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

Three months to Sep 30, 2026: XLBX returned −10.8% where its own daily promise gave −8.7%, 2.1 points short.

## Key facts

- XLBX, what XLB did: −4.1%, as of Sep 30, 2026.
- XLBX, what 2 times a day gives: −8.7%, as of Sep 30, 2026.
- XLBX, what the fund returned: −10.8%, as of Sep 30, 2026.
- XLBX, the fund itself cost: −2.1 pts, as of Sep 30, 2026.
- XLBX, net assets: $324,474 (the issuer’s own daily fund list, as of Sep 30, 2026).
- XLBX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).

## XLBX over each window to Sep 30, 2026

| Window | Fund | XLB | +2x the move | Difference | XLB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −14.5% | −7.2% | −14.3% | −0.2 pts | 14% |
| 3 months | −10.8% | −4.1% | −8.2% | −2.6 pts | 17% |
| Since launch | −13.6% | −4.9% | −9.8% | −3.8 pts | 18% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLB moved −4.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLB | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $324,474 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, May 28, 2026 |
| Launched | Jun 3, 2026 | ETFIQ |
| Underlying volatility over the window | 17% annualized | ETFIQ |

## Questions

### Did XLBX return +2 times XLB?

Over the window to Sep 30, 2026, XLB moved −4.1% and XLBX returned −10.8%. 2 times that move is −8.2%, so the fund came out 2.6 points short of it.

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

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

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