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Launched

ProShares Ultra SpaceX

SPCFNYSE ArcaProSharesBThis 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.

$12.92+0.29 (+2.30%)

At close: Nov 2, 2026, 4:00 PM ET

B65/ 100

Rank 3 of 12 in 2x Long SpaceX

B65/100Rank 3 of 12in2x Long SpaceX
Intraday session: up, 79 prints from 12.63 to 12.92. Range 12.89 to 13.90. Use the arrow keys to read each point.13.2513.5013.7510 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$74M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
2.33M sh
52W range
low $8.85high $46.71
Launched

*After a fee waiver that ends Sep 30, 2027. Without it: 1.04%.

The ETF.net SPCF Grade

Based on 4 of 6 pillars

B

Score 65 out of 100

Category
2x Long SpaceX⁠
Rank
3 of 12
Six-pillar profile for SPCF. Scores out of 100: Cost 79, Risk 33, Mission not scored, Tradability 72, Holdings not scored, Durability 65. Strongest: Cost (79). Weakest: Risk (33). Based on 4 of 6 pillars.

Score 65 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.
    A79 out of 100
    Rank 3 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.
    D33 out of 100
    Rank 10 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A72 out of 100
    Rank 4 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.
    B65 out of 100
    Rank 2 of 12

Our read on SPCF

ETF.net Research

In short

BProShares launched SPCF on the day SpaceX went public: a 2x daily bet on a single newly listed stock, built from swaps plus actual SPCX shares, for 0.95% net of a waiver through September 30, 2027.

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

  • 0.95% net of a waiver through September 30, 2027 (1.04% gross): below the typical 2x SpaceX fee, and under Direxion's LOFF at 0.97% net of a waiver through September 1, 2027.
  • Magnifies a bullish SpaceX view without a margin account. ProShares builds the 2x exposure from swap agreements and shares of SPCX itself.proshares.comproshares.com 2
  • From the house with the largest leveraged and inverse ETF lineup, and it ranks among the stronger builds in the 2x SpaceX group.proshares.com

Worth knowing

  • Exposure resets daily, so over longer stretches compounding can push results far from 2x SpaceX's move. ProShares states the fund seeks its result for a single day only.proshares.comproshares.com 2
  • Leverage Shares' SPCH targets the same 2x long SpaceX exposure at 0.75%, with no waiver propping up the number.
  • Live only since June 2026, so there is a short record for judging how tightly it hits its daily target.

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$12,988
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. SPCF $12,988. SPY $10,141. Use the arrow keys to read each point.$10,000$15,000$20,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−24.5%
3 months+29.9%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−63.6%

History from Jun 15, 2026

SPCF in the news

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

Risk pillarD33 out of 100Rank 10 of 12 in 2x Long SpaceX

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.

FMP measures it over up to five years of monthly returns.

SPCF Cost

Compare SPCF and SPCH

Overpaying vs SPCH, tied cheapest in 2x Long SpaceX

$3,387

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPCF 0.95%

    $17,869

  • SPCH 0.75% Tied cheapest

    $14,482

$10,000
30 years

Cost over time

  • SPCF 0.95%
  • SPCH 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SPCF $17,869SPCH $14,482

Year by year

YearSPCFSPCHOverpaying
10$1,678$1,336$342
20$6,322$5,078$1,244
30$17,869$14,482$3,387
How the 0.95% is worked out

Full fee 1.04%− waiver 0.09%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.04% unless ProShares renews it. Source: prospectus, Jun 2026.

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