FDRXFounder-Led 2x Daily ETF
Seeks daily investment results that correspond to 2x the daily performance of the Founder-Led Index, before fees and expenses, for a single day only.
By Corgi Funds · Launched 2026
1.08%
#5,158 of 5,562 · expensive
$22M
#4,305 of 5,562 · small
N/A
5 months
#5,180 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 1 holdings = 9.2% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
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, before fees and expenses, for a single day only.
- Strategy
- Invests primarily in derivatives, including total return swaps and equity index futures, to achieve 2x daily performance of the Founder-Led Index. Holds at least 80% of net assets in founder-led companies included in the Index and related financial instruments.
- Inception date
- January 14, 2026
- Fund family
- Corgi Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-20