{"url":"https://etfiq.com/compare/leverage/spcq-vs-spcu","section":"compare","title":"SPCQ vs SPCU: which held to its multiple? | ETFIQ","description":"SPCQ sets out to return -2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221239.6 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, SPCQ or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SPCQ finished 39.6 points from what its multiple implies and SPCU finished 14.8 points from its own, so SPCU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPCQ and SPCU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, SPCQ at -2 times and SPCU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPCQ or SPCU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPCQ\u2019s moved at 70% annualized and SPCU\u2019s at 70%, so SPCQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPCQ 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, SPCQ or SPCU?","acceptedAnswer":{"@type":"Answer","text":"SPCQ charges 1.31% a year and SPCU charges 1.31%, so SPCQ 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":"SPCQ vs SPCU","item":"https://etfiq.com/compare/leverage/spcq-vs-spcu"}]},{"@type":"WebPage","name":"SPCQ vs SPCU: which held to its multiple?","description":"SPCQ sets out to return -2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221239.6 pts and \u221214.8 pts away.","url":"https://etfiq.com/compare/leverage/spcq-vs-spcu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SPCQ finished 6.0 points short and SPCU 4.7 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 SPCQ and SPCU","description":"SPCQ sets out to return -2 times SPCX each day and SPCU +2 times. Over the three months to Sep 30, 2026 they finished \u221239.6 pts and \u221214.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spcq-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":7063,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SPCQ vs SPCU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SPCQ vs SPCU: which held to its multiple?\n\n Over three months against its own daily promise, SPCQ finished 6.0 points short and SPCU 4.7 points short.\n Copy this for sharing \n \n Defiance Daily Target 2X Short [SpaceX] ETF and Defiance Daily Target 2X Long [SpaceX] ETF.\n\n Download as PDF \n\n \u221231.1% SPCQ returned, 3 months \n \u221223.3% SPCU returned, 3 months \n \u221239.6 pts SPCQ from its stated multiple \n \u221214.8 pts SPCU from its stated multiple \n\n ETFIQ Decay Resistance Score: SPC","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/spcq-vs-spcu","a":{"ticker":"SPCQ","name":"Defiance Daily Target 2X Short [SpaceX] ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SPCQ returned \u221231.1% where its own daily promise gave \u221225.1%, 6.0 points short.","url":"https://etfiq.com/funds/spcq","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":"\u221231.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22126.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","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"}]},"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/spcq-vs-spcu"}