{"url":"https://etfiq.com/compare/leverage/smcc-vs-smcl","section":"compare","title":"SMCC vs SMCL: which held to its multiple? | ETFIQ","description":"SMCC sets out to return +2 times SMCI each day and SMCL +2 times. Over the three months to Sep 30, 2026 they finished \u221223.6 pts and \u221219.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SMCC or SMCL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SMCC finished 23.6 points from what its multiple implies and SMCL finished 19.5 points from its own, so SMCL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SMCC and SMCL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Super Micro Computer, SMCC at +2 times and SMCL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SMCC or SMCL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SMCC\u2019s moved at 86% annualized and SMCL\u2019s at 86%, so SMCC has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SMCC or SMCL 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, SMCC or SMCL?","acceptedAnswer":{"@type":"Answer","text":"SMCC charges 0.45% a year and SMCL charges 1.50%, so SMCC 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":"SMCC vs SMCL","item":"https://etfiq.com/compare/leverage/smcc-vs-smcl"}]},{"@type":"WebPage","name":"SMCC vs SMCL: which held to its multiple?","description":"SMCC sets out to return +2 times SMCI each day and SMCL +2 times. Over the three months to Sep 30, 2026 they finished \u221223.6 pts and \u221219.5 pts away.","url":"https://etfiq.com/compare/leverage/smcc-vs-smcl","dateModified":"2026-09-30","abstract":"Over the days both have traded, SMCC finished 23.6 points from its stated multiple and SMCL 19.5.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SMCC and SMCL","description":"SMCC sets out to return +2 times SMCI each day and SMCL +2 times. Over the three months to Sep 30, 2026 they finished \u221223.6 pts and \u221219.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/smcc-vs-smcl","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":6572,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SMCC vs SMCL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SMCC vs SMCL: which held to its multiple?\n\n Over the days both have traded, SMCC finished 23.6 points from its stated multiple and SMCL 19.5.\n Copy this for sharing \n \n Corgi SMCI 2x Daily ETF and GraniteShares 2x Long SMCI Daily ETF.\n\n Download as PDF \n\n +73.4% SMCC returned, 3 months \n +77.5% SMCL returned, 3 months \n \u221223.6 pts SMCC from its stated multiple \n \u221219.5 pts SMCL from its stated multiple \n\n ETFIQ Decay Resistance Score: SMCL scores higher\n Did it keep up wit","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/smcc-vs-smcl","a":{"ticker":"SMCC","name":"Corgi SMCI 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SMCC returned +73.4% where its own daily promise gave +86.9%, 13.5 points short.","url":"https://etfiq.com/funds/smcc","key_facts":[{"label":"What SMCI did","value":"+48.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+86.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+73.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221213.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$415,760","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"SMCL","name":"GraniteShares 2x Long SMCI Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SMCL returned +77.5% where its own daily promise gave +86.9%, 9.4 points short.","url":"https://etfiq.com/funds/smcl","key_facts":[{"label":"What SMCI did","value":"+48.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+86.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+77.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22129.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$49m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"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/smcc-vs-smcl"}