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Beacon

FDRXFounder-Led 2x Daily ETF

Take a betNewRanked #842 of 949 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the Founder-Led Index.

By Corgi Funds · Launched 2026

Annual Cost

1.08%

#5,412 of 5,861 · expensive

Fund Size

$14M

#4,720 of 5,861 · small

Return (1Y)Goal

N/A

Track Record

7 months

#5,087 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$7,737-22.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

Founder-Led Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

First American Government Obli
9.4%
N/A
-9.9%

Asset allocation

Other
196.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-38.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the Founder-Led Index.
Strategy
The Fund seeks to deliver 2x the Index's daily return by maintaining leveraged exposure reset each trading day, primarily investing in equity securities of founder-led companies. It uses derivatives like swaps and futures to achieve this objective, aiming for a passive approach that mirrors the Index's performance.
Inception date
January 14, 2026
Fund family
Corgi Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04