VBXCorgi U.S. Small-Cap 2x Daily ETF
Seeks daily investment results that correlate to 2x the daily performance of the Vanguard Small-Cap ETF.
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Classification
How Beacon categorizes this fundWhere to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results that correlate to 2x the daily performance of the Vanguard Small-Cap ETF.
- Strategy
- Actively managed ETF seeking 2x daily investment results correlated to the Vanguard Small-Cap ETF. Obtains exposure primarily through derivatives, including total return swaps and equity futures, rebalancing daily to maintain 200% exposure. Invests at least 80% of net assets in financial instruments providing leveraged exposure to U.S. small-cap equity securities. The Underlying ETF tracks the CRSP US Small Cap Index, providing diversified exposure across sectors.
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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 2026-06-06