Corgi RKLB 2x Daily ETF (RKX)

The Corgi RKLB 2x Daily ETF (RKX) is an exchange-traded fund that seeks daily investment results equal to two times (200%) the daily percentage change in the share price of Rocket Lab (RKLB). It is sponsored by Corgi.

Rocket Lab is a space company that builds and launches small and medium orbital rockets, including Electron and the larger Neutron, and also manufactures spacecraft and satellite components. The fund does not hold a simple long position alone; it obtains its leveraged exposure mainly through swap agreements and similar derivatives tied to RKLB shares, along with cash and short-term instruments held as collateral.

Because the 2x target is reset every trading day, the fund is built for short-term daily exposure. Over periods longer than one day, compounding means its performance can differ significantly from twice the return of RKLB over the same period.