{
 "ticker": "DSPC",
 "name": "Leverage Shares 1X Short SPCX Daily ETF",
 "issuer": "Leverage Shares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/DSPC",
 "html": "https://etfiq.com/funds/DSPC",
 "markdown": "https://etfiq.com/funds/DSPC.md",
 "as_of": "2026-09-11",
 "verdict": "Since launch to Sep 11, 2026: DSPC returned \u22127.5% where its own daily promise gave \u22127.6%, 0.1 points over.",
 "key_facts": [
  {
   "key": "what_spcx_did",
   "label": "What SPCX did",
   "value": "+7.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DSPC, what SPCX did: +7.3%, as of Sep 11, 2026."
  },
  {
   "key": "what_1_times_a_day_gives",
   "label": "What \u22121 times a day gives",
   "value": "\u22127.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DSPC, what \u22121 times a day gives: \u22127.6%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22127.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DSPC, what the fund returned: \u22127.5%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+0.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DSPC, the fund itself added: +0.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DSPC, expense ratio: not read by ETFIQ, as of Sep 11, 2026."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SPCX",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DSPC, underlying: SPCX, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-1 times the daily move of SPCX, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.02 times, against -1 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SPCX",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 27, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "44% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "Since launch",
   "Fund": "\u22127.5%",
   "SPCX": "+7.3%",
   "-1x the move": "\u22127.3%",
   "Difference": "\u22120.1 pts",
   "SPCX moved about": "44%"
  }
 ],
 "questions": [
  {
   "q": "Did DSPC return -1 times SPCX?",
   "a": "Over the window to Sep 11, 2026, SPCX moved +7.3% and DSPC returned \u22127.5%. 1 times that move is \u22127.3%, so the fund came out 0.1 points short of it."
  },
  {
   "q": "Why does DSPC not return -1 times over a year?",
   "a": "Because it resets daily. DSPC aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}