{
 "ticker": "XLVX",
 "name": "Corgi U.S. Healthcare 2x Daily ETF",
 "issuer": "Corgi",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/xlvx",
 "html": "https://etfiq.com/funds/xlvx",
 "markdown": "https://etfiq.com/funds/xlvx.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: XLVX returned +9.8% where its own daily promise gave +11.4%, 1.6 points short.",
 "key_facts": [
  {
   "key": "what_xlv_did",
   "label": "What XLV did",
   "value": "+6.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XLVX, what XLV did: +6.0%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+11.4%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XLVX, what 2 times a day gives: +11.4%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+9.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XLVX, what the fund returned: +9.8%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.6 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "XLVX, the fund itself cost: \u22121.6 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$647,180",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "XLVX, net assets: $647,180 (the issuer\u2019s own daily fund list, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, May 28, 2026",
   "as_of": "2026-09-30",
   "sentence": "XLVX, 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 XLV, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.64 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XLV",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$647,180",
   "source": "the issuer\u2019s own daily fund list, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.45%",
   "source": "485BPOS XBRL, May 28, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 3, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "18% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22122.2%",
   "XLV": "\u22120.9%",
   "+2x the move": "\u22121.7%",
   "Difference": "\u22120.5 pts",
   "XLV moved about": "14%"
  },
  {
   "window": "3 months",
   "Fund": "+9.8%",
   "XLV": "+6.0%",
   "+2x the move": "+11.9%",
   "Difference": "\u22122.1 pts",
   "XLV moved about": "18%"
  },
  {
   "window": "Since launch",
   "Fund": "+28.2%",
   "XLV": "+15.1%",
   "+2x the move": "+30.2%",
   "Difference": "\u22122.0 pts",
   "XLV moved about": "18%"
  }
 ],
 "questions": [
  {
   "q": "Did XLVX return +2 times XLV?",
   "a": "Over the window to Sep 30, 2026, XLV moved +6.0% and XLVX returned +9.8%. 2 times that move is +11.9%, so the fund came out 2.1 points short of it."
  },
  {
   "q": "Why does XLVX not return +2 times over a year?",
   "a": "Because it resets daily. XLVX 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."
  },
  {
   "q": "Which +2x XLV ETF tracked its stated multiple most closely?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}