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

Over the window to Sep 30, 2026, DSPC finished 1.1 points from what its multiple implies and SPCU finished 14.8 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 SPCU levered on the same thing?

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

Which one decays faster, DSPC or SPCU?

Decay follows how much the underlying moves about. Over this window DSPC’s moved at 44% annualized and SPCU’s at 70%, so SPCU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold DSPC or SPCU 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 SPCU?

DSPC charges 0.99% a year and SPCU charges 1.31%, so DSPC is cheaper. Fees come from each fund's prospectus.

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DSPC vs SPCU: which held to its multiple?

Over a month against its own daily promise, DSPC finished 0.2 points over and SPCU 1.7 points short. Leverage Shares 1X Short SPCX Daily ETF and Defiance Daily Target 2X Long [SpaceX] ETF.

−8.0%

DSPC returned, since launch

−23.3%

SPCU returned, 3 months

−0.9 pts

DSPC from its stated multiple

−14.8 pts

SPCU 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%

SPCU · 3 months to Sep 30, 202614.8 pts short of its stated multiple

SPCU returned −23.3% while 2 times SPCX's move would have been −8.5%

Performance, window by window

	Total return		Multiple would give		Difference
Window	DSPC	SPCU	DSPC	SPCU	DSPC	SPCU
1 month	−6.1%	+6.8%	−5.0%	+10.0%	−1.1 pts	−3.2 pts
3 months	not published	−23.3%	not published	−8.5%	not published	−14.8 pts
Since launch DSPC Aug 2026 · SPCU Jun 2026	−8.0%	−52.0%	−7.1%	−43.3%	−0.9 pts	−8.8 pts

DSPC and SPCU 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)

SPCU

Defiance Daily Target 2X Long [SpaceX] ETF · Aims to return twice the daily move of Space Exploration Technologies (SPCX)

Issuer Leverage Shares Defiance

Sets out to return -1x +2x

Underlying asset SPCX SPCX

Segment company company

Fund returned, 3 months or since launch −6.1% −23.3%

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 −14.8 pts

Fund returned, 1 year or since launch −8.0% −52.0%

Difference from stated, over that window −0.9 pts −8.8 pts

Underlying volatility 44% 70%

Difference over the days both have traded no shared window −14.8 pts

Expense ratio 0.99% 1.31%

Launched Aug 27, 2026 Jun 15, 2026

Net assets $346,000 $64m

DSPC and SPCU 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.

SPCU in plain words

Three months to Sep 30, 2026: SPCU returned −23.3% where its own daily promise gave −18.6%, 4.7 points short. Read the multiple against the whole window instead and 2 times SPCX's −4.2% implies −8.5%, which makes SPCU look 14.8 points short. 10.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. SPCU 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 SPCU?: Over the window to Sep 30, 2026, DSPC finished 1.1 points from what its multiple implies and SPCU finished 14.8 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 SPCU levered on the same thing?: Yes. Both are levered on Space Exploration Technologies, DSPC at -1 times and SPCU at +2 times the daily move.
Which one decays faster, DSPC or SPCU?: Decay follows how much the underlying moves about. Over this window DSPC’s moved at 44% annualized and SPCU’s at 70%, so SPCU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold DSPC or SPCU 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 SPCU?: DSPC charges 0.99% a year and SPCU charges 1.31%, so DSPC is cheaper. Fees come from each fund's prospectus.

Other comparisons

DSPC vs SPCM DSPC vs SPCQ DSPC vs SSPC DSPC vs LOFD SPCU vs LOFD SPCU vs LOFF SPCU vs SSPC SPCU vs SNK

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

Where these figures came from

Leverage Shares website ↗SPCU filings on SEC EDGAR ↗SPCU prospectus with the expense ratio (SEC) ↗Defiance page for SPCU ↗

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 SPCU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dspc-vs-spcu

Open data

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