{"url":"https://etfiq.com/compare/leverage/spch-vs-spcu","section":"compare","title":"SPCH vs SPCU: which held to its multiple? | ETFIQ","description":"SPCH 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, SPCH or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPCH finished 14.1 points from what its multiple implies and SPCU finished 14.8 points from its own, so SPCH came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPCH and SPCU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPCH at +2 times and SPCU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPCH or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPCH\u2019s moved at 70% annualized and SPCU\u2019s at 70%, so SPCH has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPCH 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, SPCH or SPCU?","acceptedAnswer":{"@type":"Answer","text":"SPCH charges 0.75% a year and SPCU charges 1.31%, 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":"SPCH vs SPCU","item":"https://etfiq.com/compare/leverage/spch-vs-spcu"}]},{"@type":"WebPage","name":"SPCH vs SPCU: which held to its multiple?","description":"SPCH 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/spch-vs-spcu","dateModified":"2026-09-30","abstract":"Over the days both have traded, SPCH 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 SPCH and SPCU","description":"SPCH 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/spch-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":6458,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPCH vs SPCU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPCH vs SPCU: which held to its multiple?\n\n Over the days both have traded, SPCH finished 14.1 points from its stated multiple and SPCU 14.8.\n Copy this for sharing \n \n Leverage Shares 2X Long SPCX Daily ETF and Defiance Daily Target 2X Long [SpaceX] ETF.\n\n Download as PDF \n\n \u221222.6% SPCH returned, 3 months \n \u221223.3% SPCU returned, 3 months \n \u221214.1 pts SPCH from its stated multiple \n \u221214.8 pts SPCU from its stated multiple \n\n ETFIQ Decay Resistance Score: SPCH scores highe","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/spch-vs-spcu","a":{"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"}]},"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/spch-vs-spcu"}