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FDRX vs QLD

Corgi Founder-Led 2x Daily ETF

FDRXDNasdaq

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

Expense ratio

QLD −0.19pt a year

FDRX1.08%QLD0.89%

Avg volume · 30D

QLD 361.7×the volume

FDRX11.5KQLD4.15M

FDRX vs QLD Performance

Jul 31, 2026 – Oct 30, 2026

+11.2%FDRX−1.3%QLD

Jul 31, 2026 to Oct 30, 2026. FDRX +11.2%. QLD −1.3%. Use the arrow keys to read each point.20%30%40%Jul 2026Sep 2026Oct 2026
Expense ratio
FDRX 1.08%
QLD 0.89%, better
Fund size
FDRX $1M
QLD $13.3B
1Y total return
FDRX No data
QLD +10.7%
Yield (12M)
FDRX No data
QLD 0.15%
Holdings
FDRX 1
QLD 113
Avg volume (30D)
FDRX 11.5K sh
QLD 4.15M sh, better
NAV per share
FDRX $21.19
QLD $82.56
52W range

ETF.net Grade

FDRX: Cost 19, Risk 41, Mission not scored, Tradability 44, Holdings not scored, Durability 29. QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for FDRX, QLD, with each pillar’s weight
PillarFDRXQLD
Cost30% weightF19A72Higher
Mission25% weightNot scoredA95
Risk15% weightC41B66Higher
Tradability15% weightC44A100Higher
Holdings10% weightNot scoredA72
Durability5% weightD29A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FDRX and QLD are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and FDRX 84th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 84DBTGDSTKd 100% Bitcoin & 100% Gold ETFScore 30
  4. Rank 84DFDRXCorgi Founder-Led 2x Daily ETFScore 30
  5. Rank 86DCWEBDirexion Daily CSI China Internet Index Bull 2X ETFScore 28

Our read on each fund

ETF.net Research

FDRXDCorgi Founder-Led 2x Daily ETF

QLDAProShares Ultra QQQ

In short

FDRX Most 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.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

FDRX 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.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

  • FDRX 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.
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

  • FDRX 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.
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full FDRX profile⁠

Full QLD profile⁠

FDRX vs QLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDRX vs QLD Cost

Overpaying FDRX vs QLD

$3,102

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

  • FDRX 1.08%

    $19,974

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • FDRX 1.08%
  • QLD 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FDRX $19,974QLD $16,872

Year by year

YearFDRXQLDOverpaying
10$1,898$1,576$322
20$7,106$5,953$1,153
30$19,974$16,872$3,102

Expense ratio

  • 1.08%FDRX
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

FDRX 81st cheapest of 95 funds

FDRX vs QLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FDRX No data
QLD 0.15%
Payout (12M)
FDRX None
QLD $0.12
Last payment
FDRX No data
QLD $0.03
Ex-dividend
FDRX No data
QLD Sep 23, 2026
Paid on
FDRX No data
QLD Sep 29, 2026
Frequency
FDRX No data
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FDRXAll FDRX payments⁠

No distribution history available.

QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$0.102017202020232026YTD

FDRX vs QLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FDRX No dataQLD 36.7%
Return per unit of riskSharpe ratio, 3 years
FDRX No dataQLD 1.04
Worst fallMax drawdown, 5 years
FDRX No dataQLD −63.7%
Market sensitivityBeta, 5 years
FDRX 2.84QLD 2.46

FDRX and QLD in the news

All news⁠

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