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r/letfs
How come nobody’s talking about Corgi’s WX? 0.20% expense ratio.
Investor summaryBullish
Author highlights CorgiShares' WX ETF for its low 0.20% expense ratio and competitive pricing vs WLDU, anticipating more 2x products.
Bull points
- WX ETF offers an incredibly low expense ratio of 0.20%, making it extremely cheap.
- CorgiShares provides highly competitive pricing and products compared to alternatives like WLDU.
- Strong potential for future expansion into other 2x leveraged ETFs like small cap value.
Bear points
- Confusion arises from a discrepancy in the stated expense ratio (0.45% at the top vs 0.20% elsewhere).
- Comparable alternatives like WLDU suffer from very low AUM, hinting at potential liquidity risks in this space.
Post body
Although it does say 0.45% at the top of the page, everywhere else it says 0.20%. The 30d median bid ask spread is currently 0.28%, but this is insanely cheap. A lot of their other 2x ETFs are 0.45%.
Either way, so much cheaper than WLDU - which also has very low AUM. Not sure if this is a promotional thing.
2x VUG is interesting, I wonder when we will see 2x small cap value and the like.
Seems like they have some pretty competitive products and pricing!
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