Corgi U.S. Consumer Discretionary 2x Daily ETF (XLYX)

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

The consumer discretionary sector includes retailers, e-commerce companies, automakers, restaurants, hotels and leisure firms, and makers of apparel and household durables. The fund achieves its leverage primarily through derivatives such as swap agreements and rebalances daily.

Because the 2x multiple applies only to single-day returns, results over longer periods can differ substantially from twice the benchmark's return. The fund belongs to the Corgi ETF family.