ETF Evaluator:
Corgi U.S. Industrials 2x Daily ETF (XLIX)
Follow This ETF
(as of Aug 31)
Best Performing in Trading--Leveraged Equity Over the Last Year
| 2898.9% | Direxion Daily MU Bull 2X Shares (MUU) |
| 2738.6% | GraniteShares 2x Long MU Daily ETF (MULL) |
| 748.2% | GraniteShares 2x Long DELL Daily ETF (DLLL) |
| 572.7% | GraniteShares 2x Long INTC Daily ETF (INTW) |
| 461.1% | Tradr 2X Long LRCX Daily ETF (LRCU) |
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ETF Details
Corgi U.S. Industrials 2x Daily ETF Overview
Corgi U.S. Industrials 2x Daily ETF (XLIX) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Corgi Funds launched the ETF in 2026.
The investment seeks daily investment results, before fees and expenses, that correlate to two times (2x) the daily performance of the State Street Industrial Select Sector SPDR Fund.
The fund is an actively managed exchange-traded fund that, under ordinary market conditions, seeks daily investment results, before fees and expenses, that correlate to two times (2x) the daily performance of the State Street Industrial Select Sector SPDR Fund. It is non-diversified.
About Corgi U.S. Industrials 2x Daily ETF (XLIX)
There are 3 members of the management team with an average tenure of 0.25 years: Isaac Hargett (2026), Anthony Crinieri (2026) and Miles Braden (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Corgi U.S. Industrials 2x Daily ETF has 5 securities in its portfolio. The top 10 holdings constitute 212.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Corgi U.S. Industrials 2x Daily ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Corgi U.S. Industrials 2x Daily ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 201.6% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Corgi U.S. Industrials 2x Daily ETF has -100.3% of the portfolio in cash.
Assets Under Management
The fund has $489 million in total assets, which is below the $270 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XLIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Corgi U.S. Industrials 2x Daily ETF expense ratio is average compared to funds in the Trading--Leveraged Equity category. Corgi U.S. Industrials 2x Daily ETF has an expense ratio of 0.45%, which is 53% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Corgi U.S. Industrials 2x Daily ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 1539% for the Trading--Leveraged Equity category.
Recently, in the month of August 2026, Corgi U.S. Industrials 2x Daily ETF returned -6.2%, which earned it a grade of D, as the Trading--Leveraged Equity category had an average return of 10.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Corgi U.S. Industrials 2x Daily ETF has a trailing yield of 0.00%, which is below the 5.59% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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XLIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XLIX Return (NAV) | -6.2% | na | na | na | na | na |
| XLIX Return (Price) | -6.3% | na | na | na | na | na |
| NAV +/- Price Return | 0.062% | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 10.8% | -18.7% | 49.1% | 23.8% | 6.5% | 9.9% |
| XLIX Grade (NAV) | D | na | na | na | na | na |
| +/- Category (NAV) | -17.0% | na | na | na | na | na |
| XLIX Tax-Cost Ratio | na | na | na | na | na | na |
XLIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XLIX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XLIX Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 9.8% | 41.3% | 30.0% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| XLIX Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 0 Mil |
| Share Class Assets: | $ 0 Mil |
| Turnover: | na |
| Expense Ratio: | 0.45% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | Yes |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Hargett Isaac (2026), Crinieri Anthony (2026), Braden Miles (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 212.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 201.6% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -1.3% |
| Cash: | -100.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Corgi Funds |
| Phone Number: | 855-552-6744 |
| Website: | |
| Inception Date: | June 2, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.96% |
