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Launched

Corgi Founder-Led 2x Daily ETF

FDRXNasdaqCorgi FundsDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$20.84−2.58 (−11.02%)

At close: Nov 2, 2026, 4:00 PM ET

D30/ 100

Rank 84 of 99 in Leveraged Long (2x & Other)

D30/100Rank 84 of 99inLeveraged Long (2x & Other)
Intraday session: down, 78 prints from 23.42 to 20.84. Range 20.84 to 21.81. Use the arrow keys to read each point.21.5022.0022.5023.0010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$1M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
11.5K sh
52W range
low $15.38high $26.48
Launched

The ETF.net FDRX Grade

Based on 4 of 6 pillars

D

Score 30 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
84 of 99
Six-pillar profile for FDRX. Scores out of 100: Cost 19, Risk 41, Mission not scored, Tradability 44, Holdings not scored, Durability 29. Strongest: Tradability (44). Weakest: Cost (19). Based on 4 of 6 pillars.

Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
31
This cap took
0
Published Score
30 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 80 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 64 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 60 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 74 of 99

Our read on FDRX

ETF.net Research

In short

DMost of the leverage aisle is Dow and Nasdaq wrappers. FDRX points the same daily-reset machinery at a founder-led stock index and doubles the day's move (2x, not 3x). A one-day tool with a niche theme bolted on.

Stated mandate

The Fund seeks daily results before fees and expenses equal to twice the Founder-Led Index’s daily performance for a single NAV day. It resets exposure daily and primarily uses derivatives such as total return swaps and futures.

Why people hold it

  • The leverage aisle is mostly Dow, Nasdaq and financials wrappers. FDRX targets twice the daily move of the Founder-Led Index, a theme no other fund in its cohort levers.
  • Two times daily, not three: the same daily-reset swap machinery the 3x crowd runs on, with a smaller multiplier applied to each day's move.
  • The contract is plain: a 1940 Act ETF pegged to a named index, resetting exposure each NAV day, with that exposure built from total return swaps and futures.

Worth knowing

  • Daily reset means the math compounds. Held longer than a day, results can drift well away from 2x the index's move, especially through choppy stretches.
  • 1.08% a year, above what the cohort's biggest 2x and 3x names charge (FAS, QLD).
  • Launched January 2026, so the history is short and trading has been light; spreads can run wider than in the cohort's household names.

FDRX Performance

Launched Jan 14, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FDRX$11,120
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. FDRX $11,120. SPY $10,141. Use the arrow keys to read each point.$10,000$12,000$14,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDRX. Periods over one year show the average yearly return.
PeriodFDRX
Year to dateFund launched this yearNo data
1 month−13.6%
3 months+11.2%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDRX
YearReturn barFDRX
2026 YTD−15.0%

History from Jan 15, 2026

FDRX in the news

FDRX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Jan 2026. No distributions yet.

FDRX Risk

Risk pillarC41 out of 100Rank 64 of 98 in Leveraged Long (2x & Other)

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.84
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FDRX Cost

Compare FDRX and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$15,819

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDRX 1.08%

    $19,974

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • FDRX 1.08%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FDRX $19,974WX $4,155

Year by year

YearFDRXWXOverpaying
10$1,898$365$1,533
20$7,106$1,421$5,685
30$19,974$4,155$15,819

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