# SSPC (Leverage Shares 2X Short SPCX Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: SSPC returned −25.4% where its own daily promise gave −25.1%, 0.2 points short.

## Key facts

- SSPC, what SPCX did: −4.2%, as of Sep 30, 2026.
- SSPC, what −2 times a day gives: −25.1%, as of Sep 30, 2026.
- SSPC, what the fund returned: −25.4%, as of Sep 30, 2026.
- SSPC, the fund itself cost: −0.2 pts, as of Sep 30, 2026.
- SSPC, net assets: $105m (issuer page, as of Sep 29, 2026).
- SSPC, expense ratio: not read by ETFIQ, as of Sep 30, 2026.

## SSPC over each window to Sep 30, 2026

| Window | Fund | SPCX | -2x the move | Difference | SPCX moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −13.9% | +5.0% | −10.0% | −3.9 pts | 44% |
| 3 months | −25.4% | −4.2% | +8.5% | −33.9 pts | 70% |
| Since launch | −3.6% | −21.6% | +43.3% | −46.9 pts | 75% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of SPCX, reset daily | ETFIQ |
| Multiple a holder actually got over the window | SPCX moved −4.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | SPCX | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $105m | issuer page, as of Sep 29, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jun 15, 2026 | ETFIQ |
| Underlying volatility over the window | 70% annualized | ETFIQ |

## Questions

### Did SSPC return -2 times SPCX?

Over the window to Sep 30, 2026, SPCX moved −4.2% and SSPC returned −25.4%. −2 times that move is +8.5%, so the fund came out 33.9 points short of it.

### Why does SSPC not return -2 times over a year?

Because it resets daily. SSPC 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.

### Which -2x SPCX ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from −2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, SSPC, data as of Sep 30, 2026. https://etfiq.com/funds/sspc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/sspc  ·  JSON: https://etfiq.com/funds/sspc.json