Founder-Led 2X Daily ETF (FDRX)

The Founder-Led 2X Daily ETF (FDRX) is a leveraged fund from Corgi that launched in 2025. It seeks daily investment results, before fees and expenses, equal to two times the daily performance of the Founder Led Index.

That index holds the 50 largest publicly traded U.S. companies in which at least one original founder serves in the C-suite or an equivalent role, weighted by market capitalization. FDRX uses swaps and other derivatives to obtain twice the index's daily return and resets its leverage each trading day.

Because the 2x objective applies to daily returns, results over longer holding periods can differ significantly from twice the index return. The fund is designed for short-term exposure to the founder-led theme.