# XLIX (Corgi U.S. Industrials 2x Daily ETF)

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

Three months to Sep 30, 2026: XLIX returned −19.2% where its own daily promise gave −17.1%, 2.1 points short.

## Key facts

- XLIX, what XLI did: −8.7%, as of Sep 30, 2026.
- XLIX, what 2 times a day gives: −17.1%, as of Sep 30, 2026.
- XLIX, what the fund returned: −19.2%, as of Sep 30, 2026.
- XLIX, the fund itself cost: −2.1 pts, as of Sep 30, 2026.
- XLIX, net assets: $442,906 (the issuer’s own daily fund list, as of Sep 30, 2026).
- XLIX, expense ratio: 0.45% (485BPOS XBRL, May 28, 2026).

## XLIX over each window to Sep 30, 2026

| Window | Fund | XLI | +2x the move | Difference | XLI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.3% | −4.4% | −8.8% | −0.6 pts | 13% |
| 3 months | −19.2% | −8.7% | −17.4% | −1.8 pts | 14% |
| Since launch | −11.1% | −3.6% | −7.1% | −3.9 pts | 18% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.21 times, against +2 stated | ETFIQ |
| Underlying | XLI | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $442,906 | 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 | 14% annualized | ETFIQ |

## Questions

### Did XLIX return +2 times XLI?

Over the window to Sep 30, 2026, XLI moved −8.7% and XLIX returned −19.2%. 2 times that move is −17.4%, so the fund came out 1.8 points short of it.

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

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

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