Corgi U.S. Materials 2x Daily ETF (XLBX)

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

The materials sector includes chemical manufacturers, construction materials suppliers, packaging companies, and metals and mining firms. The fund achieves its leverage primarily through derivatives such as swap agreements and resets its exposure each trading day.

Because the 2x multiple applies to single-day returns, results over longer periods can differ significantly from twice the benchmark's performance. The fund is part of the Corgi ETF family.