{"url":"https://etfiq.com/compare/leverage/spal-vs-spch","section":"compare","title":"SPAL vs SPCH: which held to its multiple? | ETFIQ","description":"SPAL sets out to return +2 times SPCX each day and SPCH +2 times. Over the three months to Sep 30, 2026 they finished \u221212.6 pts and \u221214.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SPAL or SPCH?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPAL finished 12.6 points from what its multiple implies and SPCH finished 14.1 points from its own, so SPAL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPAL and SPCH levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPAL at +2 times and SPCH at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPAL or SPCH?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPAL\u2019s moved at 70% annualized and SPCH\u2019s at 70%, so SPAL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPAL or SPCH 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, SPAL or SPCH?","acceptedAnswer":{"@type":"Answer","text":"SPAL charges 1.50% a year and SPCH charges 0.75%, so SPCH 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":"SPAL vs SPCH","item":"https://etfiq.com/compare/leverage/spal-vs-spch"}]},{"@type":"WebPage","name":"SPAL vs SPCH: which held to its multiple?","description":"SPAL sets out to return +2 times SPCX each day and SPCH +2 times. Over the three months to Sep 30, 2026 they finished \u221212.6 pts and \u221214.1 pts away.","url":"https://etfiq.com/compare/leverage/spal-vs-spch","dateModified":"2026-09-30","abstract":"Over the days both have traded, SPAL finished 12.6 points from its stated multiple and SPCH 14.1.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SPAL and SPCH","description":"SPAL sets out to return +2 times SPCX each day and SPCH +2 times. Over the three months to Sep 30, 2026 they finished \u221212.6 pts and \u221214.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spal-vs-spch","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":6461,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPAL vs SPCH \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPAL vs SPCH: which held to its multiple?\n\n Over the days both have traded, SPAL finished 12.6 points from its stated multiple and SPCH 14.1.\n Copy this for sharing \n \n GraniteShares 2x Long SpaceX Daily ETF and Leverage Shares 2X Long SPCX Daily ETF.\n\n Download as PDF \n\n \u221221.1% SPAL returned, 3 months \n \u221222.6% SPCH returned, 3 months \n \u221212.6 pts SPAL from its stated multiple \n \u221214.1 pts SPCH from its stated multiple \n\n ETFIQ Decay Resistance Score: SPAL scores higher\n D","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/spal-vs-spch","a":{"ticker":"SPAL","name":"GraniteShares 2x Long SpaceX Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPAL returned \u221221.1% where its own daily promise gave \u221218.6%, 2.4 points short.","url":"https://etfiq.com/funds/spal","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":"\u221221.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$38m","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, Jun 12, 2026"}]},"b":{"ticker":"SPCH","name":"Leverage Shares 2X Long SPCX Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCH returned \u221222.6% where its own daily promise gave \u221218.6%, 3.9 points short.","url":"https://etfiq.com/funds/spch","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":"\u221222.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$370m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"issuer page"}]},"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/spal-vs-spch"}