{"url":"https://etfiq.com/compare/leverage/lofd-vs-spcq","section":"compare","title":"LOFD vs SPCQ: which held to its multiple? | ETFIQ","description":"LOFD sets out to return -2 times SPCX each day and SPCQ -2 times. Over the month to Sep 30, 2026 they finished \u22122.7 pts and \u22124.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, LOFD or SPCQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, LOFD finished 2.7 points from what its multiple implies and SPCQ finished 39.6 points from its own, so LOFD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are LOFD and SPCQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, LOFD at -2 times and SPCQ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, LOFD or SPCQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window LOFD\u2019s moved at 44% annualized and SPCQ\u2019s at 70%, so SPCQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold LOFD or SPCQ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, LOFD or SPCQ?","acceptedAnswer":{"@type":"Answer","text":"LOFD charges 0.97% a year and SPCQ charges 1.31%, so LOFD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"LOFD vs SPCQ","item":"https://etfiq.com/compare/leverage/lofd-vs-spcq"}]},{"@type":"WebPage","name":"LOFD vs SPCQ: which held to its multiple?","description":"LOFD sets out to return -2 times SPCX each day and SPCQ -2 times. Over the month to Sep 30, 2026 they finished \u22122.7 pts and \u22124.7 pts away.","url":"https://etfiq.com/compare/leverage/lofd-vs-spcq","dateModified":"2026-09-30","abstract":"Over the days both have traded, LOFD finished 2.7 points from its stated multiple and SPCQ 4.7.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of LOFD and SPCQ","description":"LOFD sets out to return -2 times SPCX each day and SPCQ -2 times. Over the month to Sep 30, 2026 they finished \u22122.7 pts and \u22124.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/lofd-vs-spcq","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6309,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / LOFD vs SPCQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n LOFD vs SPCQ: which held to its multiple?\n\n Over the days both have traded, LOFD finished 2.7 points from its stated multiple and SPCQ 4.7.\n Copy this for sharing \n \n Direxion Daily SpaceX Bear 2X ETF and Defiance Daily Target 2X Short [SpaceX] ETF.\n\n Download as PDF \n\n \u221251.5% LOFD returned, since launch \n \u221231.1% SPCQ returned, 3 months \n +11.0 pts LOFD from its stated multiple \n \u221239.6 pts SPCQ from its stated multiple \n\n LOFD 2.7 pts short of its stated multiple \u00b7 1 mon","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/lofd-vs-spcq","a":{"ticker":"LOFD","name":"Direxion Daily SpaceX Bear 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: LOFD returned \u221212.7% where its own daily promise gave \u221213.6%, 1.0 points over.","url":"https://etfiq.com/funds/lofd","key_facts":[{"label":"What SPCX did","value":"+5.0%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221213.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221212.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$2m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 8, 2026"}]},"b":{"ticker":"SPCQ","name":"Defiance Daily Target 2X Short [SpaceX] ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCQ returned \u221231.1% where its own daily promise gave \u221225.1%, 6.0 points short.","url":"https://etfiq.com/funds/spcq","key_facts":[{"label":"What SPCX did","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221225.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221231.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22126.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/lofd-vs-spcq"}