# SPCL (Defiance Pure Space Daily 2X Strategy ETF)

Defiance · Leveraged ETFs · data as of Sep 11, 2026

SPCL aims to return +2 times Pure Space Strategy's move each day, then resets. Over one day it does that.

## Key facts

- SPCL, net assets: $1m (source, as filed for Apr 30, 2026).
- SPCL, expense ratio: 1.29% (485BPOS XBRL, Aug 28, 2026).
- SPCL, underlying: Pure Space Strategy (no investable tracker), as of Sep 11, 2026.
- SPCL, sets out to return: +2 times the daily move of Pure Space Strategy, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of Pure Space Strategy, reset daily | ETFIQ |
| Underlying | Pure Space Strategy (no investable tracker) | ETFIQ |
| Segment | sector or country, theme | ETFIQ |
| Net assets | $1m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.29% | 485BPOS XBRL, Aug 28, 2026 |
| Launched | Apr 17, 2026 | ETFIQ |

## Questions

### Why does SPCL not return +2 times over a year?

Because it resets daily. SPCL aims at +2 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 +2 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.


## Cite this page

ETFIQ, SPCL, data as of Sep 11, 2026. https://etfiq.com/funds/SPCL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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