$EUVX vs $LUMA

The short version

EUVX is cheaper to own, at 0.45% a year versus 1.00%. LUMA is the bigger fund, with $8M in assets. EUVX has been around longer, launching on June 3, 2026.

EUVX

The Corgi Lithography & Semiconductor Photonics 2x Daily ETF aims for twice the daily move of its lithography and semiconductor photonics strategy. Leveraged ETFs reset every day. Over periods longer than a day, returns can differ a lot from 2x the underlying move, especially in choppy markets. These are trading tools, not long-term holdings for most investors.

LUMA

The KraneShares Photonic and Optical ETF targets public and private companies worldwide that build optical interconnects, transceivers, fiber-optic cable and other light-based infrastructure for AI networking. LUMA can hold private companies, IPOs and derivatives, and it carries one of the higher expense ratios in the group. That flexibility cuts both ways, so it is worth reading how the fund values and sizes its private positions.

Lower fees and more assets are helpful, but they are not the whole story. The bigger question is which strategy matches what you want to own. This comparison is not a recommendation to buy or sell either fund.