SPCL Defiance Pure Space Daily 2X Strategy ETF

Aims to return twice the daily move of Pure Space StrategyDefiance1.29% fee$13mFirst traded Apr 17, 2026Fund page at the issuer ↗SEC filings ↗
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SPCL aims to return +2 times Pure Space Strategy's move each day, then resets. Over one day it does that.

ETFIQ publishes no comparison for SPCL. Measuring a leveraged fund means pricing what it tracks over the same days, and no live price history was found for Pure Space Strategy, so there is nothing to hold its return against. Its own returns below are unaffected, and it is left out of every ranking and score in this category rather than placed last in them.

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Money in and out

Monthly figures · as of Jul 31, 2026

SPCL: in the month to Jul 31, 2026, net $848k came in, by its SEC filing.

Since Apr 2026
+$39.6m
Apr 1, 2026 to Jul 31, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions SPCL files with the SEC on Form N-PORT. Every day and month ETFIQ holds for SPCL, back to Apr 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare SPCL with other funds in the flows tool

How this is computed

ETFIQ reads no daily figures for this fund, so its flows are monthly, and the latest month filed is Jul 2026.

Month by month, money in and money outApr 2026 to Jul 2026

SPCL, money in and money out each month from Apr 2026 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from SPCL’s SEC filings (N-PORT item B.6). Of the 4 months listed, money came in on net in 4 and went out in 0.

Every bar is from SPCL’s SEC filings (N-PORT item B.6). Of the 4 months listed, money came in on net in 4 and went out in 0.

MonthInOutNet
Jul 2026 SEC Form N-PORT+$12.0m−$11.2m+$848k
Jun 2026 SEC Form N-PORT+$47.5m−$10.1m+$37.4m
May 2026 SEC Form N-PORT+$347k$0+$347k
Apr 2026 SEC Form N-PORT+$1.3m−$263k+$999k

Most recent first.

How this is computed

On a month from SEC Form N-PORT, money in is the filing’s sales plus reinvestments and money out its redemptions.

A month from SEC Form N-PORT is sales and reinvestments less redemptions as filed; a later month is the sum of its days, and says so where a day is missing.

Head to head

In plain words

Summary
Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. SPCL itself moved at 112% annualized over that window.
Sets out to return+2 times the daily move of Pure Space Strategy, reset daily
UnderlyingPure Space Strategy (no investable tracker)
Segmentsector or country, theme
Net assets (the issuer’s own daily fund list, as of Oct 8, 2026)$13m
Expense ratio (485BPOS XBRL, Aug 28, 2026)1.29%
First tradedApr 17, 2026
Volatility, annualized112%
How this is computed
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about SPCL

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.
Sources and dates
Prices, SPCLTiingo end-of-day prices ↗
Fee, 1.29%SEC 485BPOS XBRL · Aug 28, 2026
Net assets, $13mThe issuer’s own daily fund list · Oct 8, 2026
IssuerDefiance page for SPCL ↗
All fund filingsFund filings on SEC EDGAR ↗
SourceSEC investment company series and class file, which lists every registered fund ↗
Defiance’s own site ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement.

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, SPCL, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/spcl

Open SPCL live on ETFIQ

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.
Every term used here, defined in full on the leveraged ETFs vocabulary page. →
Defiance: every fund ETFIQ covers→ETF News, Jun 10, 2026→