{"url":"https://etfiq.com/compare/leverage/spcf-vs-spcu","section":"compare","title":"SPCF vs SPCU: which held to its multiple? | ETFIQ","description":"SPCF sets out to return +2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221214.1 pts and \u221214.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SPCF or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPCF finished 14.1 points from what its multiple implies and SPCU finished 14.8 points from its own, so SPCF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPCF and SPCU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPCF at +2 times and SPCU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPCF or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPCF\u2019s moved at 70% annualized and SPCU\u2019s at 70%, so SPCF has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPCF or SPCU 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, SPCF or SPCU?","acceptedAnswer":{"@type":"Answer","text":"SPCF charges 0.95% a year and SPCU charges 1.31%, so SPCF 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":"SPCF vs SPCU","item":"https://etfiq.com/compare/leverage/spcf-vs-spcu"}]},{"@type":"WebPage","name":"SPCF vs SPCU: which held to its multiple?","description":"SPCF sets out to return +2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221214.1 pts and \u221214.8 pts away.","url":"https://etfiq.com/compare/leverage/spcf-vs-spcu","dateModified":"2026-09-30","abstract":"Over the days both have traded, SPCF finished 14.1 points from its stated multiple and SPCU 14.8.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SPCF and SPCU","description":"SPCF sets out to return +2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221214.1 pts and \u221214.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spcf-vs-spcu","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":6491,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPCF vs SPCU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPCF vs SPCU: which held to its multiple?\n\n Over the days both have traded, SPCF finished 14.1 points from its stated multiple and SPCU 14.8.\n Copy this for sharing \n \n ProShares Ultra SpaceX and Defiance Daily Target 2X Long [SpaceX] ETF.\n\n Download as PDF \n\n \u221222.6% SPCF returned, 3 months \n \u221223.3% SPCU returned, 3 months \n \u221214.1 pts SPCF from its stated multiple \n \u221214.8 pts SPCU from its stated multiple \n\n ETFIQ Decay Resistance Score: SPCF scores higher\n Did it keep u","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/spcf-vs-spcu","a":{"ticker":"SPCF","name":"ProShares Ultra SpaceX","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCF returned \u221222.6% where its own daily promise gave \u221218.6%, 4.0 points short.","url":"https://etfiq.com/funds/spcf","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":"\u22124.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$94m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 8, 2026"}]},"b":{"ticker":"SPCU","name":"Defiance Daily Target 2X Long [SpaceX] ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCU returned \u221223.3% where its own daily promise gave \u221218.6%, 4.7 points short.","url":"https://etfiq.com/funds/spcu","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":"\u221223.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$64m","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/spcf-vs-spcu"}