Corgi U.S. Regional Banks 2x Daily ETF (XKRE)

The Corgi U.S. Regional Banks 2x Daily ETF is a leveraged exchange-traded fund listed on Cboe BZX under the ticker XKRE. It seeks daily investment results, before fees and expenses, of approximately two times the daily performance of a benchmark of U.S. regional bank stocks.

Regional banks are lenders that operate primarily within particular states or regions, focusing on deposits, commercial and consumer loans, and real estate lending. The fund gains its leveraged exposure mainly through derivatives such as swaps and rebalances every trading day.

Because the 2x objective applies only to daily returns, performance over longer periods can deviate substantially from twice the benchmark's return, particularly in volatile markets. The fund is part of the Corgi ETF family.