Corgi Lists 35 ETFs on Cboe, Mostly 2x Daily Leverage

Corgi Funds on June 3 listed 35 exchange-traded funds on Cboe, a single-issuer record. Thirty-four of the new listings seek to deliver roughly 200% of the daily returns of underlying ETFs by using derivatives and other instruments. The firm introduced nine buffer ETFs on June 2 and expects to add six fixed-income ETFs later in the week.

The June additions followed a May rollout in which Corgi debuted 34 funds that combined thematic and buffer strategies. With eight buffer ETFs in May and nine more in June, Corgi brought the total number of buffer products introduced across the two waves to 17. The buffer ETFs are structured to limit losses up to a specified percentage over a one-year period and reset each June.

Most of the leveraged funds target amplified daily exposure to U.S. and international equities across market capitalizations, sectors and themes. The Corgi All World 2x Daily ETF (WX) seeks twice the daily return of the Vanguard Total World Stock Index Fund ETF (VT) and carries a 20 basis-point expense ratio.

Leveraged ETFs reset their exposure daily, and compounding can make returns over multiple days differ materially from two times the cumulative return of the reference asset. Corgi warned that these products are intended for investors who monitor positions actively during the trading day, and that holding them for extended periods may produce different outcomes.

One listing that is not part of the leveraged series, the Corgi Inside Ownership 100 ETF (OWN), tracks the Inside Ownership 100 Index, which measures the performance of the 100 companies with the highest insider ownership. Corgi presented OWN as designed for long-term strategic allocation informed by insider ownership levels.

All of the new funds are listed on Cboe.