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Launched

ProShares - Ultra SpaceX

SPCFNYSE ArcaBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$17.63−1.62 (−8.42%)

At close: Oct 13, 2026, 4:00 PM

B61/ 100

Rank 4 of 12 in 2x Long SpaceX

B61/100Rank 4 of 12in2x Long SpaceX
Intraday session: down, 79 prints from 19.25 to 17.63. Range 17.51 to 18.51. Use the arrow keys to read each point.18.0018.5019.0010 AM12 PM2 PM4 PM
Expense ratio
1.04%
Fund size
$103M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
1
Avg volume · 30D
2.6M sh
NAV per share
$19.24
52W range
low $8.85high $46.71
Launched

The ETF.net SPCF Grade

Based on 4 of 6 pillars

B

Score 61 out of 100

Category
2x Long SpaceX⁠
Rank
4 of 12
Six-pillar profile for SPCF. Scores out of 100: Cost 62, Risk 37, Mission not scored, Tradability 82, Holdings not scored, Durability 71. Strongest: Tradability (82). Weakest: Risk (37). Based on 4 of 6 pillars.

Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B62 out of 100
    Rank 5 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 7 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 3 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 1 of 12

Our read on SPCF

ETF.net Research

BWhen SpaceX hit the Nasdaq, a pile of leveraged ETFs hit with it. SPCF is the incumbent's entry: ProShares, the shop that built the geared-fund business, targeting twice SpaceX's daily move.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of SpaceX common stock.

Why people hold it

  1. 01The mechanism is plain: twice the daily move of SpaceX stock, before fees and expenses, in one exchange-traded ticker instead of a margin account or an options chain.proshares.com
  2. 02ProShares calls itself the world's leader in geared investing, and SPCF was trading the same week SpaceX's shares debuted on Nasdaq, not months later.businesswire.com
  3. 03The 1.04% fee is the median for the 2x SpaceX crowd, and the fund is actively traded, which matters most when your holding period is a single session.

Worth knowing

  1. 01The 2x target resets daily. Over longer stretches, a choppy path can leave returns well short of twice SpaceX's move, even if the stock finishes higher.proshares.com
  2. 02Cheaper versions of the same daily 2x SpaceX exposure exist: SPCH charges 0.75% and LOFF 0.99%, per their own fee schedules.
  3. 03Fund and underlying stock both launched in 2026, so there is little history on how this behaves in a real drawdown. Single-stock leverage moves hard in both directions.etfdb.com

SPCF Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
1
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%102,562,025$103M163

Showing 1–1 of 1 holdings

SPCF Performance

Launched Jun 12, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SPCF$10,644
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. SPCF $10,644. SPY $10,332. Use the arrow keys to read each point.$4,651$8,517$12,383Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SPCF. Periods over one year show the average yearly return.
PeriodSPCF
Year to dateFund launched this year—
1 month+13.0%
3 months+6.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SPCF
YearReturn barSPCF
2026 YTD−44.5%

History from Jun 15, 2026

SPCF in the news

Filtered to SPCF · 2x Long SpaceX

SPCF Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Sep 23, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.08

SPCF Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SPCF Cost

Expense ratio1.04%
  • The middle half of 2x Long SpaceX funds
  • Median 1.04%

4 of the 9 2x Long SpaceX funds charge less.

SPCF costs $104.00 a year on $10,000. The median 2x Long SpaceX fund costs $104.00.

Other funds in 2x Long SpaceX

See others