DSPC vs SPCG: which held to its multiple?

Over a month against its own daily promise, DSPC finished 0.2 points over and SPCG 0.4 points over. Leverage Shares 1X Short SPCX Daily ETF and Tradr 2X Short SpaceX Daily ETF.

−8.0%
DSPC returned, since launch
−24.0%
SPCG returned, 3 months
−0.9 pts
DSPC from its stated multiple
−32.5 pts
SPCG from its stated multiple
DSPC · 1 month to Sep 30, 20261.1 pts short of its stated multiple
1.1 pts short of its stated multipleDSPC returned −6.1% while −1 times SPCX's move would have been −5.0%SPCX +5.0% ×−1 implies−5.0%DSPC returned−6.1%1.1 pts short of its stated multipleDSPC returned −6.1% while −1 times SPCX's move would have been −5.0%SPCX +5.0% ×−1 implies−5.0%DSPC returned−6.1%

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

SPCG · 3 months to Sep 30, 202632.5 pts short of its stated multiple
32.5 pts short of its stated multipleSPCG returned −24.0% while −2 times SPCX's move would have been +8.5%SPCX −4.2% ×−2 implies+8.5%SPCG returned−24.0%32.5 pts short of its stated multipleSPCG returned −24.0% while −2 times SPCX's move would have been +8.5%SPCX −4.2% ×−2 implies+8.5%SPCG returned−24.0%

SPCG returned −24.0% while −2 times SPCX's move would have been +8.5%

Performance, window by window

Total returnMultiple would giveDifference
WindowDSPCSPCGDSPCSPCGDSPCSPCG
1 month−6.1%−13.2%−5.0%−10.0%−1.1 pts−3.3 pts
3 monthsnot published−24.0%not published+8.5%not published−32.5 pts
Since launch
DSPC Aug 2026 · SPCG Jun 2026
−8.0%−1.4%−7.1%+43.3%−0.9 pts−44.7 pts

DSPC and SPCG 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)
SPCG
Tradr 2X Short SpaceX Daily ETF · Aims to return twice the opposite of the daily move of Space Exploration Technologies (SPCX)
Issuer Leverage Shares Tradr
Sets out to return -1x -2x
Underlying asset SPCX SPCX
Segment company company
Fund returned, 3 months or since launch −6.1% −24.0%
Underlying returned, over that window +5.0% −4.2%
What the stated multiple implies, over that window −5.0% +8.5%
Difference from stated, over that window −1.1 pts −32.5 pts
Fund returned, 1 year or since launch −8.0% −1.4%
Difference from stated, over that window −0.9 pts −44.7 pts
Underlying volatility 44% 70%
Difference over the days both have traded no shared window −3.3 pts
Expense ratio 0.99% 1.49%
Launched Aug 27, 2026 Jun 15, 2026
Net assets $346,000 $13m

DSPC and SPCG 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.

SPCG in plain words

Three months to Sep 30, 2026: SPCG returned −24.0% where its own daily promise gave −25.1%, 1.1 points over. Read the multiple against the whole window instead and −2 times SPCX's −4.2% implies +8.5%, which makes SPCG look 32.5 points short. 33.6 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. SPCG 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. SPCX moved at 70% annualized over that window.

Questions people ask

Which came closer to its stated multiple, DSPC or SPCG?
Over the window to Sep 30, 2026, DSPC finished 1.1 points from what its multiple implies and SPCG finished 32.5 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 SPCG levered on the same thing?
Yes. Both are levered on Space Exploration Technologies, DSPC at -1 times and SPCG at -2 times the daily move.
Which one decays faster, DSPC or SPCG?
Decay follows how much the underlying moves about. Over this window DSPC’s moved at 44% annualized and SPCG’s at 70%, so SPCG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold DSPC or SPCG 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 SPCG?
DSPC charges 0.99% a year and SPCG charges 1.49%, so DSPC is cheaper. Fees come from each fund's prospectus.
Cite this page

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

Open data

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