Corgi U.S. Semiconductors 2x Daily ETF (XSEM)

The Corgi U.S. Semiconductors 2x Daily ETF (XSEM) is a leveraged exchange-traded fund from the Corgi ETF lineup. It seeks daily investment results, before fees and expenses, of approximately twice (2x) the daily performance of a basket or benchmark of U.S.-listed semiconductor companies.

Its exposure covers chip designers, manufacturers and equipment makers that are central to computing, communications and artificial intelligence hardware. The fund typically uses swaps or other derivatives to achieve leverage and rebalances daily.

Because the 2x objective applies only to a single day, compounding causes returns over longer holding periods to differ from twice the return of the semiconductor benchmark.