ETF Evaluator:
Corgi U.S. Utilities 2x Daily ETF (XLUX)
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(as of Sep 01)
Best Performing in Utilities Over the Last Year
| 20.9% | ALPS Electrification Infrastructure ETF (ELFY) |
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| 14.6% | First Trust EIP Power Solutions ETF (FPWR) |
| 14.4% | iShares Global Utilities ETF (JXI) |
| 11.5% | First Trust Utilities AlphaDEX® ETF (FXU) |
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ETF Details
Corgi U.S. Utilities 2x Daily ETF Overview
Corgi U.S. Utilities 2x Daily ETF (XLUX) is an actively managed Sector Equity Utilities 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 Utilities Select Sector SPDR Fund (the "Underlying ETF").
The fund will invest at least 80% of the value of its net assets, plus any borrowings for investment purposes, in financial instruments (for example, swaps and futures) that, in the aggregate, provide leveraged exposure to U.S. utilities companies equal to approximately two times (200%) the daily performance of such investments. It is non-diversified.
About Corgi U.S. Utilities 2x Daily ETF (XLUX)
There are 3 members of the management team with an average tenure of 0.16 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. Utilities 2x Daily ETF has 5 securities in its portfolio. The top 10 holdings constitute 239.1% 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. Utilities 2x Daily ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Corgi U.S. Utilities 2x Daily ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 199.9% 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. Utilities 2x Daily ETF has -99.4% of the portfolio in cash.
Assets Under Management
The fund has $507 million in total assets, which is below the $2 billion average for the Utilities 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.
XLUX 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. Utilities 2x Daily ETF expense ratio is average compared to funds in the Utilities category. Corgi U.S. Utilities 2x Daily ETF has an expense ratio of 0.45%, which is 4% higher than its category average, making the fund expense ratio grade a C. 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. Utilities 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 24% for the Utilities category.
Recently, in the month of July 2026, Corgi U.S. Utilities 2x Daily ETF returned -5.3%, which earned it a grade of F, as the Utilities category had an average return of -3.5%. 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. Utilities 2x Daily ETF has a trailing yield of 0.00%, which is below the 1.98% 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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XLUX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XLUX Return (NAV) | -5.3% | na | na | na | na | na |
| XLUX Return (Price) | -7.8% | na | na | na | na | na |
| NAV +/- Price Return | 2.578% | na | na | na | na | na |
| Utilities Avg | -3.5% | -5.1% | 8.7% | 14.9% | 10.5% | 9.0% |
| XLUX Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -1.7% | na | na | na | na | na |
| XLUX Tax-Cost Ratio | na | na | na | na | na | na |
XLUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XLUX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XLUX 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 |
| Utilities Avg | 7.3% | 18.8% | 24.3% | -4.2% | 1.2% | 16.3% | 0.6% | 22.8% | 4.8% | 11.0% | 16.2% |
| XLUX 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: | $ 1 Mil |
| Share Class Assets: | $ 1 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: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Hargett Isaac (2026), Crinieri Anthony (2026), Braden Miles (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 5 |
| % in Top 10 Holdings: | 239.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 199.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.5% |
| Cash: | -99.4% |
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 (%): | 0.43% |
