{"url":"https://etfiq.com/compare/leverage/loff-vs-spcq","section":"compare","title":"LOFF vs SPCQ: which held to its multiple? | ETFIQ","description":"LOFF sets out to return +2 times SPCX each day and SPCQ -2 times. Over the three months to Sep 30, 2026 they finished \u221213.9 pts and \u221239.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, LOFF or SPCQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, LOFF finished 13.9 points from what its multiple implies and SPCQ finished 39.6 points from its own, so LOFF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are LOFF and SPCQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, LOFF at +2 times and SPCQ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, LOFF or SPCQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window LOFF\u2019s moved at 70% annualized and SPCQ\u2019s at 70%, so LOFF has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold LOFF 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, LOFF or SPCQ?","acceptedAnswer":{"@type":"Answer","text":"LOFF charges 0.97% a year and SPCQ charges 1.31%, so LOFF 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":"LOFF vs SPCQ","item":"https://etfiq.com/compare/leverage/loff-vs-spcq"}]},{"@type":"WebPage","name":"LOFF vs SPCQ: which held to its multiple?","description":"LOFF sets out to return +2 times SPCX each day and SPCQ -2 times. Over the three months to Sep 30, 2026 they finished \u221213.9 pts and \u221239.6 pts away.","url":"https://etfiq.com/compare/leverage/loff-vs-spcq","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, LOFF finished 3.7 points short and SPCQ 6.0 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of LOFF and SPCQ","description":"LOFF sets out to return +2 times SPCX each day and SPCQ -2 times. Over the three months to Sep 30, 2026 they finished \u221213.9 pts and \u221239.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/loff-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":7094,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / LOFF vs SPCQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n LOFF vs SPCQ: which held to its multiple?\n\n Over three months against its own daily promise, LOFF finished 3.7 points short and SPCQ 6.0 points short.\n Copy this for sharing \n \n Direxion Daily SpaceX Bull 2X ETF and Defiance Daily Target 2X Short [SpaceX] ETF.\n\n Download as PDF \n\n \u221222.3% LOFF returned, 3 months \n \u221231.1% SPCQ returned, 3 months \n \u221213.9 pts LOFF from its stated multiple \n \u221239.6 pts SPCQ from its stated multiple \n\n ETFIQ Decay Resistance Score: LOFF scores ","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/loff-vs-spcq","a":{"ticker":"LOFF","name":"Direxion Daily SpaceX Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: LOFF returned \u221222.3% where its own daily promise gave \u221218.6%, 3.7 points short.","url":"https://etfiq.com/funds/loff","key_facts":[{"label":"What SPCX did","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221218.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221222.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$77m","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/loff-vs-spcq"}