ETF Evaluator:
Corgi U.S. Infrastructure 2x Daily ETF ()
Follow This ETF
(as of Aug 24)
Best Performing in Infrastructure Over the Last Year
| 30.0% | Themes US Infrastructure ETF () |
| 27.5% | First Trust NASDAQ® Cln Edge®StGidIfsETF (GRID) |
| 25.2% | Xtrackers US Green Infras Sel Eq ETF (UPGR) |
| 24.3% | Global X US Infrastructure Dev ETF (PAVE) |
| 21.8% | iShares US Infrastructure ETF (IFRA) |
Risk
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Risk
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ETF Details
Corgi U.S. Infrastructure 2x Daily ETF Overview
Corgi U.S. Infrastructure 2x Daily ETF (XPAV) is an actively managed Sector Equity Infrastructure 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 Global X U.S. Infrastructure Development ETF (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. infrastructure companies equal to approximately two times (200%) the daily performance of such investments. It is non-diversified.
About Corgi U.S. Infrastructure 2x Daily ETF (XPAV)
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. Infrastructure 2x Daily ETF has 5 securities in its portfolio. The top 10 holdings constitute 32.5% 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. Infrastructure 2x Daily ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Corgi U.S. Infrastructure 2x Daily ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% 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 -1.8% (-1.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Corgi U.S. Infrastructure 2x Daily ETF has 103.3% of the portfolio in cash.
Assets Under Management
The fund has $240 million in total assets, which is below the $1 billion average for the Infrastructure 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.
XPAV 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. Infrastructure 2x Daily ETF expense ratio is average compared to funds in the Infrastructure category. Corgi U.S. Infrastructure 2x Daily ETF has an expense ratio of 0.45%, which is 16% lower than its category average, making the fund expense ratio grade a B. 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. Infrastructure 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 40% for the Infrastructure category.
Recently, in the month of July 2026, Corgi U.S. Infrastructure 2x Daily ETF returned -9.7%, which earned it a grade of F, as the Infrastructure category had an average return of -2.8%. 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. Infrastructure 2x Daily ETF has a trailing yield of 0.00%, which is below the 2.04% 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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XPAV 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 |
|
| XPAV Return (NAV) | -9.7% | na | na | na | na | na |
| XPAV Return (Price) | 0.0% | na | na | na | na | na |
| NAV +/- Price Return | -9.657% | na | na | na | na | na |
| Infrastructure Avg | -2.8% | -1.9% | 18.7% | 13.0% | 10.2% | 9.3% |
| XPAV Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -6.9% | na | na | na | na | na |
| XPAV Tax-Cost Ratio | na | na | na | na | na | na |
XPAV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XPAV Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| XPAV 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 |
| Infrastructure Avg | 13.9% | 21.7% | 7.2% | 11.3% | -4.1% | 20.7% | 6.3% | 27.8% | -11.8% | 18.0% | 14.9% |
| XPAV 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: 0.2 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: | 32.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -1.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -1.5% |
| Cash: | 103.3% |
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 (%): | 0.53% |
