XQTM Corgi Quantum Computing 2x Daily ETF

Aims to return twice the daily move of Corgi Quantum Computing ETF (CQTM)Corgi0.45% fee$271,070First traded Jun 30, 2026SEC filings ↗
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Three months to Oct 9, 2026: XQTM returned −41.8% where its own daily promise gave −39.9%, 1.9 points short.

−19.6%
What CQTM did
−39.9%
What 2 times a day gives
−41.8%
What the fund returned
−1.9 pts
The fund itself cost
What it aimed at, and what it did
1.7 pts short of its stated multipleXQTM returned −14.7% while 2 times CQTM's move would have been −13.0%. Figures from Sep 9, 2026 to Oct 9, 2026.CQTM −6.5% ×2 implies−13.0%XQTM returned−14.7%1.7 pts short of its stated multipleXQTM returned −14.7% while 2 times CQTM's move would have been −13.0%. Figures from Sep 9, 2026 to Oct 9, 2026.CQTM −6.5% ×2 implies−13.0%XQTM returned−14.7%

Over the 1 month to Oct 9, 2026, XQTM returned −14.7%, where 2 times that move implies −13.0%. The difference is −1.7 pts. Of that, daily compounding is −0.5 pts and the fund itself −1.2 pts against its own daily promise.

2.6 pts short of its stated multipleXQTM returned −41.8% while 2 times CQTM's move would have been −39.3%. Figures from Jul 10, 2026 to Oct 9, 2026.CQTM −19.6% ×2 implies−39.3%XQTM returned−41.8%2.6 pts short of its stated multipleXQTM returned −41.8% while 2 times CQTM's move would have been −39.3%. Figures from Jul 10, 2026 to Oct 9, 2026.CQTM −19.6% ×2 implies−39.3%XQTM returned−41.8%

Over the 3 months to Oct 9, 2026, XQTM returned −41.8%, where 2 times that move implies −39.3%. The difference is −2.6 pts. Of that, daily compounding is −0.7 pts and the fund itself −1.9 pts against its own daily promise.

4.9 pts ahead of its stated multipleXQTM returned −58.5% while 2 times CQTM's move would have been −63.5%. Figures from Jun 30, 2026 to Oct 9, 2026.CQTM −31.7% ×2 implies−63.5%XQTM returned−58.5%4.9 pts ahead of its stated multipleXQTM returned −58.5% while 2 times CQTM's move would have been −63.5%. Figures from Jun 30, 2026 to Oct 9, 2026.CQTM −31.7% ×2 implies−63.5%XQTM returned−58.5%

From launch to Oct 9, 2026, XQTM returned −58.5%, where 2 times that move implies −63.5%. The difference is +4.9 pts. Of that, daily compounding is +6.4 pts and the fund itself −1.5 pts against its own daily promise.

ETFIQ Decay Resistance Score
76.8joint 120th of 517

XQTM finished 1.9 points short of what +2 times CQTM’s daily move would have given, compounded through the same days.

points against its own daily promise, compounded−1.9 pts · 77th pct
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Did it keep up with its own daily multiple, compounded day by day?

Points against its own daily promise, compounded
MRNX −32.3 ptsPUR −18.1 ptsBMNG −16.1 ptsMSTX −15.2 ptsSMCC −14.9 ptsBMNU −14.4 ptsMSTU −13.8 ptsSMCX −13.0 ptsMSTP −12.2 ptsBNMC −10.9 ptsGDXU −10.9 ptsGMEU −10.8 ptsXOVL −10.8 ptsPLTG −10.3 ptsXXRP −9.8 ptsSMCL −9.2 ptsUMAL −9.2 ptsCRWL −9.1 ptsETHT −8.8 ptsSOLT −8.8 ptsMSTC −8.6 ptsONDL −8.5 ptsOKTG −8.4 ptsPOEL −8.2 ptsHPEL −8.1 pts, and 1 more at this point: PLTA −8.1 ptsINFH −8.1 ptsOSCX −8.1 ptsAMPU −7.4 ptsSPYU −7.4 ptsEVMU −7.1 ptsFUTG −7.0 pts, and 3 more at this point: UXRP −7.0 pts, BEC −6.9 pts, BLSG −6.9 ptsLITU −7.0 ptsPUL −7.0 ptsCRCA −6.8 pts, and 2 more at this point: RGTX −6.8 pts, SBTU −6.8 ptsRDWU −6.7 ptsNOWL −6.6 ptsNETG −6.5 ptsCRMG −6.3 ptsFNGU −6.2 pts, and 2 more at this point: PLTL −6.2 pts, CRCG −6.1 ptsLUNL −6.2 ptsONDC −6.2 ptsIONX −6.0 pts, and 1 more at this point: SOUX −6.0 ptsETHU −5.9 ptsBTCL −5.8 pts, and 2 more at this point: MVLL −5.8 pts, SPCU −5.8 ptsHIMZ −5.8 ptsBITU −5.7 pts, and 5 more at this point: DJTU −5.7 pts, KEYG −5.7 pts, PLTU −5.7 pts, PTIR −5.7 pts, XCOM −5.7 ptsGEMG −5.6 ptsMUU −5.5 ptsANEL −5.4 pts, and 3 more at this point: BEG −5.4 pts, KORU −5.4 pts, MULL −5.4 ptsAXTU −5.4 ptsSMTG −5.3 pts, and 1 more at this point: SPCH −5.3 ptsAVXX −5.2 pts, and 4 more at this point: ETU −5.2 pts, PYPG −5.2 pts, SLON −5.2 pts, SPCF −5.2 ptsIRE −5.1 pts, and 2 more at this point: SHNY −5.1 pts, VELL −5.1 ptsMSFX −5.1 ptsFIGG −5.0 pts, and 4 more at this point: MSFC −5.0 pts, SNAG −5.0 pts, TSMU −5.0 pts, UPLT −5.0 ptsBITX −4.9 pts, and 4 more at this point: COIA −4.9 pts, DUOG −4.9 pts, LITX −4.9 pts, PANG −4.9 ptsTARK −4.8 ptsAXTL −4.7 pts, and 4 more at this point: BTCU −4.7 pts, KEYX −4.7 pts, PDDL −4.7 pts, VSTL −4.7 ptsAXTX −4.7 ptsAPHG −4.6 pts, and 7 more at this point: BRZX −4.6 pts, ENTL −4.6 pts, FCXG −4.6 pts, MSFL −4.6 pts, NUG −4.6 pts, NVDG −4.6 pts, QSU −4.6 ptsCOPZ −4.5 pts, and 4 more at this point: FOMG −4.5 pts, RIOX −4.5 pts, SHPU −4.5 pts, XAGI −4.5 ptsAFRU −4.4 pts, and 3 more at this point: LOFF −4.4 pts, UCOP −4.4 pts, XRPT −4.4 ptsCAMC −4.4 ptsCONL −4.3 pts, and 4 more at this point: DRAL −4.3 pts, PYPU −4.3 pts, RKLX −4.3 pts, XLEX −4.3 ptsADIU −4.2 pts, and 5 more at this point: LNOK −4.2 pts, MSFU −4.2 pts, SOFX −4.2 pts, SPAX −4.2 pts, TELG −4.2 ptsAMDG −4.1 pts, and 5 more at this point: AMZG −4.1 pts, GMEC −4.1 pts, SOXL −4.1 pts, TERG −4.1 pts, XTAI −4.1 ptsAMDL −4.1 ptsADBG −4.0 pts, and 4 more at this point: CRMU −4.0 pts, KTUP −4.0 pts, TSEG −4.0 pts, UMCX −4.0 ptsAPHU −3.9 pts, and 10 more at this point: CONX −3.9 pts, DLLL −3.9 pts, FGRU −3.9 pts, HOOG −3.9 pts, KMLI −3.9 pts, MTSG −3.9 pts, ONDU −3.9 pts, SNOU −3.9 pts, TSMG −3.9 pts, TWSC −3.9 ptsCOIG −3.8 pts, and 6 more at this point: FDRX −3.8 pts, NVDX −3.8 pts, PALU −3.8 pts, RCAX −3.8 pts, TERC −3.8 pts, UPAL −3.8 ptsECHX −3.8 ptsAEHG −3.7 pts, and 7 more at this point: CIR −3.7 pts, FBX −3.7 pts, HOOX −3.7 pts, NEMG −3.7 pts, ROBN −3.7 pts, SNDC −3.7 pts, VIAG −3.7 ptsAAOG −3.6 pts, and 5 more at this point: ONDG −3.6 pts, PATX −3.6 pts, SPOG −3.6 pts, TEMT −3.6 pts, VALG −3.6 ptsLLYX −3.5 pts, and 2 more at this point: QUBX −3.5 pts, SNDU −3.5 ptsPLU −3.5 ptsARCX −3.4 pts, and 8 more at this point: CCUP −3.4 pts, CIEG −3.4 pts, FNG −3.4 pts, HIBL −3.4 pts, OKLL −3.4 pts, RAM −3.4 pts, UNHG −3.4 pts, XOMX −3.4 ptsASMG −3.3 pts, and 5 more at this point: CDNG −3.3 pts, CEGX −3.3 pts, KEEX −3.3 pts, MRVU −3.3 pts, MSIX −3.3 ptsCRMX −3.2 pts, and 6 more at this point: INTW −3.2 pts, IONL −3.2 pts, METG −3.2 pts, NVDB −3.2 pts, SMU −3.2 pts, TSMX −3.2 ptsGOOX −3.2 ptsAAOX −3.1 pts, and 8 more at this point: ADBU −3.1 pts, BEX −3.1 pts, COTG −3.1 pts, HONG −3.1 pts, KJD −3.1 pts, NBIG −3.1 pts, NVOX −3.1 pts, OSSL −3.1 ptsAAPX −3.0 pts, and 12 more at this point: AMDC −3.0 pts, AVGU −3.0 pts, BAIG −3.0 pts, ELIL −3.0 pts, NEBX −3.0 pts, ORCX −3.0 pts, SPAL −3.0 pts, TSLT −3.0 pts, UBR −3.0 pts, XIWC −3.0 pts, XW −3.0 pts, XYZG −3.0 ptsACHX −2.9 pts, and 16 more at this point: CURE −2.9 pts, EUVX −2.9 pts, FPSX −2.9 pts, HODU −2.9 pts, HOOC −2.9 pts, JBLG −2.9 pts, LRNX −2.9 pts, MIC −2.9 pts, MPWC −2.9 pts, NFLU −2.9 pts, STXL −2.9 pts, TQQQ −2.9 pts, XEUR −2.9 pts, XLBX −2.9 pts, XLFX −2.9 pts, XLIX −2.9 ptsCRWG −2.9 ptsAMA −2.8 pts, and 19 more at this point: AMAA −2.8 pts, AMUU −2.8 pts, AMZU −2.8 pts, ASMZ −2.8 pts, ASTG −2.8 pts, ASTY −2.8 pts, CCPX −2.8 pts, CLSX −2.8 pts, KPDD −2.8 pts, MCHG −2.8 pts, NVDL −2.8 pts, ORCU −2.8 pts, TECL −2.8 pts, UECG −2.8 pts, UPRO −2.8 pts, USLV −2.8 pts, XBIX −2.8 pts, XLKX −2.8 pts, YINN −2.8 ptsAAPE −2.7 pts, and 15 more at this point: AMKL −2.7 pts, BABU −2.7 pts, BBUL −2.7 pts, FBL −2.7 pts, GEVC −2.7 pts, INT −2.7 pts, LITC −2.7 pts, PBRG −2.7 pts, PLUL −2.7 pts, SPXL −2.7 pts, TEMC −2.7 pts, UN −2.7 pts, UNHU −2.7 pts, WEBL −2.7 pts, XLVX −2.7 ptsAAPU −2.6 pts, and 13 more at this point: ASMU −2.6 pts, AVGC −2.6 pts, AVGG −2.6 pts, CARX −2.6 pts, GOOL −2.6 pts, IOSX −2.6 pts, NBIL −2.6 pts, NVDU −2.6 pts, RTXG −2.6 pts, UNX −2.6 pts, USX −2.6 pts, XHOA −2.6 pts, XSEM −2.6 ptsALBG −2.6 ptsARMG −2.5 pts, and 23 more at this point: CIEX −2.5 pts, CSCL −2.5 pts, EDC −2.5 pts, FLYT −2.5 pts, GEVG −2.5 pts, GLGG −2.5 pts, GOGL −2.5 pts, GOU −2.5 pts, KBAB −2.5 pts, LMTL −2.5 pts, LULG −2.5 pts, METU −2.5 pts, MPG −2.5 pts, MPWX −2.5 pts, NVTX −2.5 pts, ORAC −2.5 pts, QBTX −2.5 pts, QCMU −2.5 pts, STXU −2.5 pts, TAJX −2.5 pts, TSLI −2.5 pts, UDOW −2.5 pts, UGLD −2.5 ptsAMAU −2.4 pts, and 18 more at this point: AVGX −2.4 pts, AXTC −2.4 pts, CRWX −2.4 pts, EMXX −2.4 pts, IREX −2.4 pts, KRWX −2.4 pts, MNSX −2.4 pts, NFX −2.4 pts, NXPG −2.4 pts, ONTX −2.4 pts, PONX −2.4 pts, RMBC −2.4 pts, RMBX −2.4 pts, SIMX −2.4 pts, TSLL −2.4 pts, WANT −2.4 pts, WEBX −2.4 pts, WX −2.4 ptsAPLX −2.3 pts, and 16 more at this point: BABC −2.3 pts, COHH −2.3 pts, DUSL −2.3 pts, EURL −2.3 pts, FAS −2.3 pts, GLXU −2.3 pts, MIDU −2.3 pts, NVC −2.3 pts, RGTU −2.3 pts, SPCM −2.3 pts, TSLG −2.3 pts, UMDD −2.3 pts, XKRE −2.3 pts, XLPX −2.3 pts, XLYX −2.3 pts, XPAV −2.3 ptsASUP −2.3 ptsACLZ −2.2 pts, and 12 more at this point: BRZU −2.2 pts, CBRG −2.2 pts, GGLL −2.2 pts, GLWG −2.2 pts, MEXX −2.2 pts, NFXL −2.2 pts, QCML −2.2 pts, SOFA −2.2 pts, TMF −2.2 pts, TYD −2.2 pts, USGG −2.2 pts, XLUX −2.2 ptsAALG −2.1 pts, and 15 more at this point: BOEG −2.1 pts, CATG −2.1 pts, CWVX −2.1 pts, GRAG −2.1 pts, HUTG −2.1 pts, LABU −2.1 pts, LINT −2.1 pts, LRCC −2.1 pts, RDTL −2.1 pts, RVNL −2.1 pts, SNDG −2.1 pts, TESC −2.1 pts, TSEU −2.1 pts, URTY −2.1 pts, VRTL −2.1 ptsBABX −2.0 pts, and 12 more at this point: JNUG −2.0 pts, ONG −2.0 pts, RETL −2.0 pts, SMRX −2.0 pts, SOFC −2.0 pts, TNA −2.0 pts, TSLR −2.0 pts, TTMX −2.0 pts, TXNU −2.0 pts, UBRL −2.0 pts, URAA −2.0 pts, UTSL −2.0 ptsISUL −2.0 ptsAPMI −1.9 pts, and 14 more at this point: AVL −1.9 pts, COHC −1.9 pts, CRDU −1.9 pts, DRN −1.9 pts, GUSH −1.9 pts, IREG −1.9 pts, JOBX −1.9 pts, LEUX −1.9 pts, NUGT −1.9 pts, RBLU −1.9 pts, SKYU −1.9 pts, SMUP −1.9 pts, TTDU −1.9 pts, UUUG −1.9 ptsAMZZ −1.8 pts, and 11 more at this point: ASTX −1.8 pts, BOEU −1.8 pts, CIFG −1.8 pts, COHX −1.8 pts, COZX −1.8 pts, GEVX −1.8 pts, GLX −1.8 pts, IONC −1.8 pts, RXL −1.8 pts, TPLX −1.8 pts, WULX −1.8 ptsAAPB −1.7 pts, and 10 more at this point: CRWU −1.7 pts, CSEX −1.7 pts, DIG −1.7 pts, FNGG −1.7 pts, LRCU −1.7 pts, NVTC −1.7 pts, OKLC −1.7 pts, ROM −1.7 pts, TPOR −1.7 pts, UVIX −1.7 ptsACMM −1.7 ptsCIFU −1.6 pts, and 8 more at this point: EZJ −1.6 pts, FNGO −1.6 pts, GFSG −1.6 pts, JOBC −1.6 pts, NIOG −1.6 pts, RKX −1.6 pts, SNXX −1.6 pts, UPSX −1.6 ptsCBRX −1.5 pts, and 12 more at this point: DDM −1.5 pts, DPST −1.5 pts, ERX −1.5 pts, KLAG −1.5 pts, MCHU −1.5 pts, NAIL −1.5 pts, QLD −1.5 pts, UBOT −1.5 pts, UPV −1.5 pts, UPW −1.5 pts, UXI −1.5 pts, XPEG −1.5 ptsAGQ −1.4 pts, and 17 more at this point: BIB −1.4 pts, CWEB −1.4 pts, DFEN −1.4 pts, IBX −1.4 pts, KBDU −1.4 pts, LABX −1.4 pts, LTL −1.4 pts, MRAL −1.4 pts, QQXL −1.4 pts, SSO −1.4 pts, STXX −1.4 pts, UCC −1.4 pts, URE −1.4 pts, URSP −1.4 pts, UUUC −1.4 pts, UYM −1.4 pts, WYFL −1.4 ptsARMA −1.4 ptsBIDG −1.3 pts, and 11 more at this point: COIX −1.3 pts, EET −1.3 pts, MVV −1.3 pts, NXPX −1.3 pts, ONX −1.3 pts, SAA −1.3 pts, SPUU −1.3 pts, UGE −1.3 pts, USAX −1.3 pts, WDCX −1.3 pts, XPP −1.3 ptsALA −1.2 pts, and 7 more at this point: CRUC −1.2 pts, EFO −1.2 pts, EOSU −1.2 pts, OPEX −1.2 pts, UBT −1.2 pts, UWM −1.2 pts, UYG −1.2 ptsASTT −1.1 pts, and 3 more at this point: INDL −1.1 pts, UCTX −1.1 pts, WDCC −1.1 ptsCIFC −1.1 ptsPILL −1.0 pts, and 4 more at this point: QUA −1.0 pts, UGL −1.0 pts, UPSC −1.0 pts, UST −1.0 ptsAMKX −0.9 pts, and 2 more at this point: CPXR −0.9 pts, OPEG −0.9 ptsAPPX −0.8 pts, and 2 more at this point: TSL −0.8 pts, UCO −0.8 ptsTEUP −0.8 ptsCHAU −0.7 ptsAPPC −0.6 ptsXNDX −0.5 ptsEO −0.4 ptsCPNX −0.3 ptsLASC +0.3 ptsXQTM −1.9 pts−1.9 pts−32.3 pts+0.3 pts
−32.3 pts to +0.3 pts across 517

That is the share of the 517 leveraged ETFs, long, over three months sitting at or below XQTM.

A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another category's.

WindowFundCQTM+2x the moveDifferenceCQTM moved about, annualized
1M Sep 9 – Oct 9, 2026−14.7%−6.5%−13.0%−1.7 pts33%
3M Jul 10 – Oct 9, 2026−41.8%−19.6%−39.3%−2.6 pts53%
Since launch Jun 30 – Oct 9, 2026−58.5%−31.7%−63.5%+4.9 pts53%

Source: ETFIQ.

Head to head
Funds near this one

In plain words

That 2.6 is two pieces: daily compounding, −0.7 points, which happens to any 2 times fund over the same path, and the fund itself, −1.9 points against its own daily promise.
Summary
Read the multiple against the whole window instead and 2 times CQTM's −19.6% implies −39.3%, which makes XQTM look 2.6 points short. XQTM aims to return +2 times CQTM's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. CQTM moved at 53% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
Sets out to return+2 times the daily move of CQTM, reset daily
Multiple a holder actually got over the window (ETFIQ)+2.13 times, against +2 stated
UnderlyingCQTM
Segmentsector or country, theme
Net assets (the issuer’s own daily fund list, as of Oct 9, 2026)$271,070
Expense ratio (485BPOS XBRL, May 28, 2026)0.45%
First tradedJun 30, 2026
Underlying volatility over the window (ETFIQ)53% annualized
How this is computed
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about XQTM

Did XQTM return +2 times CQTM?
Over the three months to Oct 9, 2026, CQTM moved −19.6% and XQTM returned −41.8%. 2 times that move is −39.3%, so the fund came out 2.6 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 1.9 points short.
Why does XQTM not return +2 times over a year?
Because it resets daily. XQTM 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.
Sources and dates
Prices, XQTM and CQTMTiingo end-of-day prices ↗
Fee, 0.45%SEC 485BPOS XBRL · May 28, 2026
Net assets, $271,070The issuer’s own daily fund list · Oct 9, 2026
IssuerCorgi website ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceSEC investment company series and class file, which lists every registered fund ↗
Corgi’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this page

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

Open XQTM live on ETFIQ

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
Every term used here, defined in full on the leveraged ETFs vocabulary page. →
682nd of 713 leveraged and inverse ETFs by net assets→Corgi: every fund ETFIQ covers→ETF News, May 26, 2026→