{"url":"https://etfiq.com/compare/leverage/spcm-vs-spcu","section":"compare","title":"SPCM vs SPCU: which held to its multiple? | ETFIQ","description":"SPCM sets out to return +2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221212.1 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, SPCM or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPCM finished 12.1 points from what its multiple implies and SPCU finished 14.8 points from its own, so SPCM came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPCM and SPCU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPCM at +2 times and SPCU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPCM or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPCM\u2019s moved at 70% annualized and SPCU\u2019s at 70%, so SPCM has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPCM 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, SPCM or SPCU?","acceptedAnswer":{"@type":"Answer","text":"SPCM charges 1.49% a year and SPCU charges 1.31%, so SPCU 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":"SPCM vs SPCU","item":"https://etfiq.com/compare/leverage/spcm-vs-spcu"}]},{"@type":"WebPage","name":"SPCM vs SPCU: which held to its multiple?","description":"SPCM sets out to return +2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221212.1 pts and \u221214.8 pts away.","url":"https://etfiq.com/compare/leverage/spcm-vs-spcu","dateModified":"2026-09-30","abstract":"Over the days both have traded, SPCM finished 12.1 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 SPCM and SPCU","description":"SPCM sets out to return +2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221212.1 pts and \u221214.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spcm-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":6492,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPCM vs SPCU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPCM vs SPCU: which held to its multiple?\n\n Over the days both have traded, SPCM finished 12.1 points from its stated multiple and SPCU 14.8.\n Copy this for sharing \n \n Tradr 2X Long SpaceX Daily ETF and Defiance Daily Target 2X Long [SpaceX] ETF.\n\n Download as PDF \n\n \u221220.5% SPCM returned, 3 months \n \u221223.3% SPCU returned, 3 months \n \u221212.1 pts SPCM from its stated multiple \n \u221214.8 pts SPCU from its stated multiple \n\n ETFIQ Decay Resistance Score: SPCM scores higher\n Did i","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/spcm-vs-spcu","a":{"ticker":"SPCM","name":"Tradr 2X Long SpaceX Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCM returned \u221220.5% where its own daily promise gave \u221218.6%, 1.9 points short.","url":"https://etfiq.com/funds/spcm","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":"\u221220.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$20m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 10, 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/spcm-vs-spcu"}