- Issuer
- Corgi Strategies
- Inception Date
- Dec 29, 2025
- Region
- North America (United States)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Founder Led Index
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $12M
Share Price Chart
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Performance
FDRS Performance Chart
Founder-Led ETF (FDRS) is down 3.4% since the beginning of the year. FDRS is currently trading at $24 per share.
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Returns By Period
Founder-Led ETF
- 1D
- 0.94%
- 1M
- 0.38%
- YTD
- -3.43%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
FDRS Monthly Returns History
Based on dividend-adjusted daily data since Dec 30, 2025, FDRS's average daily return is -0.02%, while the average monthly return is -0.41%.
Historically, 29% of months were positive and 71% were negative. The best month was May 2026 with a return of +13.1%, while the worst month was Feb 2026 at -8.0%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FDRS closed higher 48% of trading days. The best single day was Mar 31, 2026 with a return of +4.7%, while the worst single day was Jun 5, 2026 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.81% | -7.95% | -4.22% | 9.23% | 13.13% | -5.90% | -3.43% | ||||||
| 2025 | -1.34% | -1.34% |
Benchmark Metrics
Founder-Led ETF has an annualized alpha of -28.44%, beta of 1.67, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since December 30, 2025.
- This ETF participated in 188.92% of S&P 500 Index downside but only 90.99% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -28.44% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.67 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -28.44%
- Beta
- 1.67
- R²
- 0.66
- Upside Capture
- 90.99%
- Downside Capture
- 188.92%
Expense Ratio
FDRS has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Founder-Led ETF (FDRS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDRS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Founder-Led ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Founder-Led ETF was 21.77%, occurring on Mar 30, 2026. Recovery took 42 trading sessions.
The current Founder-Led ETF drawdown is 8.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -21.77%Mar 2026 | 3mo | 2mo | 5moDec 2025 - May 2026 |
2026 correction2026 | -11.19%Jun 2026 | 8d | — | 20d 23hJun 2026 - now |
Drawdown Indicators
| FDRS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -56.78% | +35.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.03% | -2.49% | -5.54% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -10.72% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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