{"url":"https://etfiq.com/compare/leverage/spax-vs-sspc","section":"compare","title":"SPAX vs SSPC: which held to its multiple? | ETFIQ","description":"SPAX sets out to return +2 times SPCX each day and SSPC -2 times. Over the three months to Sep 30, 2026 they finished \u221213.5 pts and \u221233.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SPAX or SSPC?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPAX finished 13.5 points from what its multiple implies and SSPC finished 33.9 points from its own, so SPAX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPAX and SSPC levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPAX at +2 times and SSPC at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPAX or SSPC?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPAX\u2019s moved at 70% annualized and SSPC\u2019s at 70%, so SPAX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPAX or SSPC 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":"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":"SPAX vs SSPC","item":"https://etfiq.com/compare/leverage/spax-vs-sspc"}]},{"@type":"WebPage","name":"SPAX vs SSPC: which held to its multiple?","description":"SPAX sets out to return +2 times SPCX each day and SSPC -2 times. Over the three months to Sep 30, 2026 they finished \u221213.5 pts and \u221233.9 pts away.","url":"https://etfiq.com/compare/leverage/spax-vs-sspc","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SPAX finished 3.4 points short and SSPC 0.2 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 SPAX and SSPC","description":"SPAX sets out to return +2 times SPCX each day and SSPC -2 times. Over the three months to Sep 30, 2026 they finished \u221213.5 pts and \u221233.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spax-vs-sspc","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":6897,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPAX vs SSPC \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPAX vs SSPC: which held to its multiple?\n\n Over three months against its own daily promise, SPAX finished 3.4 points short and SSPC 0.2 points short.\n Copy this for sharing \n \n T-REX 2X Long SpaceX Daily Target ETF and Leverage Shares 2X Short SPCX Daily ETF.\n\n Download as PDF \n\n \u221222.0% SPAX returned, 3 months \n \u221225.4% SSPC returned, 3 months \n \u221213.5 pts SPAX from its stated multiple \n \u221233.9 pts SSPC from its stated multiple \n\n ETFIQ Decay Resistance Score: SPAX 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/spax-vs-sspc","a":{"ticker":"SPAX","name":"T-REX 2X Long SpaceX Daily Target ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPAX returned \u221222.0% where its own daily promise gave \u221218.6%, 3.4 points short.","url":"https://etfiq.com/funds/spax","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":"\u221222.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$46m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 9, 2026"}]},"b":{"ticker":"SSPC","name":"Leverage Shares 2X Short SPCX Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SSPC returned \u221225.4% where its own daily promise gave \u221225.1%, 0.2 points short.","url":"https://etfiq.com/funds/sspc","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":"\u221225.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$105m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"not read by ETFIQ","as_of":"2026-09-30","source":null}]},"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/spax-vs-sspc"}