Which came closer to its stated multiple, DSPC or LOFD?

Over the window to Sep 30, 2026, DSPC finished 1.1 points from what its multiple implies and LOFD finished 2.7 points from its own, so DSPC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are DSPC and LOFD levered on the same thing?

Yes. Both are levered on Space Exploration Technologies, DSPC at -1 times and LOFD at -2 times the daily move.

Which one decays faster, DSPC or LOFD?

Decay follows how much the underlying moves about. Over this window DSPC’s moved at 44% annualized and LOFD’s at 44%, so DSPC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold DSPC or LOFD for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Which is cheaper, DSPC or LOFD?

DSPC charges 0.99% a year and LOFD charges 0.97%, so LOFD is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

DSPC vs LOFD: which held to its multiple?

Over a month against its own daily promise, DSPC finished 0.2 points over and LOFD 1.0 points over. Leverage Shares 1X Short SPCX Daily ETF and Direxion Daily SpaceX Bear 2X ETF.

−8.0%

DSPC returned, since launch

−51.5%

LOFD returned, since launch

−0.9 pts

DSPC from its stated multiple

+11.0 pts

LOFD from its stated multiple

DSPC · 1 month to Sep 30, 20261.1 pts short of its stated multiple

DSPC returned −6.1% while −1 times SPCX's move would have been −5.0%

LOFD · 1 month to Sep 30, 20262.7 pts short of its stated multiple

LOFD returned −12.7% while −2 times SPCX's move would have been −10.0%

Performance, window by window

	Total return		Multiple would give		Difference
Window	DSPC	LOFD	DSPC	LOFD	DSPC	LOFD
1 month	−6.1%	−12.7%	−5.0%	−10.0%	−1.1 pts	−2.7 pts
Since launch DSPC Aug 2026 · LOFD Aug 2026	−8.0%	−51.5%	−7.1%	−62.5%	−0.9 pts	+11.0 pts

DSPC and LOFD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

DSPC

Leverage Shares 1X Short SPCX Daily ETF · Aims to return 1 times the opposite of the daily move of Space Exploration Technologies (SPCX)

LOFD

Direxion Daily SpaceX Bear 2X ETF · Aims to return twice the opposite of the daily move of Space Exploration Technologies (SPCX)

Issuer Leverage Shares Direxion

Sets out to return -1x -2x

Underlying asset SPCX SPCX

Segment company company

Fund returned, 3 months or since launch −6.1% −12.7%

Underlying returned, over that window +5.0% +5.0%

What the stated multiple implies, over that window −5.0% −10.0%

Difference from stated, over that window −1.1 pts −2.7 pts

Fund returned, 1 year or since launch −8.0% −51.5%

Difference from stated, over that window −0.9 pts +11.0 pts

Underlying volatility 44% 44%

Difference over the days both have traded no shared window −2.7 pts

Expense ratio 0.99% 0.97%

Launched Aug 27, 2026 Aug 6, 2026

Net assets $346,000 $2m

DSPC and LOFD on the same fields, as of Sep 30, 2026. Source: ETFIQ.

DSPC in plain words

One month to Sep 30, 2026: DSPC returned −6.1% where its own daily promise gave −6.3%, 0.2 points over. Read the multiple against the whole window instead and −1 times SPCX's 5.0% implies −5.0%, which makes DSPC look 1.1 points short. 1.3 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. DSPC aims to return -1 times SPCX's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. SPCX moved at 44% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

LOFD in plain words

One month to Sep 30, 2026: LOFD returned −12.7% where its own daily promise gave −13.6%, 1.0 points over. Read the multiple against the whole window instead and −2 times SPCX's 5.0% implies −10.0%, which makes LOFD look 2.7 points short. 3.6 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. LOFD aims to return -2 times SPCX's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.

Questions people ask

Which came closer to its stated multiple, DSPC or LOFD?: Over the window to Sep 30, 2026, DSPC finished 1.1 points from what its multiple implies and LOFD finished 2.7 points from its own, so DSPC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are DSPC and LOFD levered on the same thing?: Yes. Both are levered on Space Exploration Technologies, DSPC at -1 times and LOFD at -2 times the daily move.
Which one decays faster, DSPC or LOFD?: Decay follows how much the underlying moves about. Over this window DSPC’s moved at 44% annualized and LOFD’s at 44%, so DSPC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold DSPC or LOFD for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Which is cheaper, DSPC or LOFD?: DSPC charges 0.99% a year and LOFD charges 0.97%, so LOFD is cheaper. Fees come from each fund's prospectus.

Other comparisons

DSPC vs LOFF DSPC vs SNK DSPC vs SPAL DSPC vs SPAX LOFD vs LOFF LOFD vs SNK LOFD vs SPAL LOFD vs SPAX

DSPC on its own →LOFD on its own →How every figure is computed →Standards and sources →

Where these figures came from

Leverage Shares website ↗LOFD filings on SEC EDGAR ↗LOFD prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, DSPC against LOFD, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dspc-vs-lofd

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.