Skip to content
etf.net

SPCM

GradeDChicago Board Options Exchange

Tradr 2X Long SpaceX Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2026-06-12 · SEC filings

This 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.

$17.01−1.37 (−7.45%)

As of Sep 23, 2026, 3:04 PM EDT

History starts Jun 15, 2026.History starts Jun 15, 2026.History starts Jun 15, 2026.
Intraday session: down, 66 prints from 18.38 to 17.01. Range 17.01 to 18.23. Use the arrow keys to read each point.$17.50$18.0010 AM12 PM2 PM4 PM
Expense ratio
1.49%
Fund size
$26M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
1M sh
NAV per share
$18.39
52W range
low $9.04high $46.71

The ETF.net SPCM Grade

D

31/ 100

Rank 10 of 12 in 2x Long SpaceX⁠

Confidence Medium

Six-pillar profile for SPCM. Scores out of 100: Cost 24, Risk 40, Mission not scored, Tradability 32, Holdings not scored, Durability 45. Strongest: Durability (45). Weakest: Cost (24). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 31 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 24
    Category rank11/12 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    Category rank6/11 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 32
    Category rank8/12 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank7/12 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on SPCM

ETF.net Research

DLeveraged SpaceX trading got crowded fast. SPCM is Tradr's long side: swaps-backed exposure aiming for 2x the stock's daily move before fees, reset every session. The recipe is standard for the aisle, so the 1.49% price tag is what sets it apart.

Stated mandate

The fund seeks daily investment results equal to two times the daily performance of Space Exploration Technologies Corp. common shares before fees and expenses. Its objective applies only over a trading day.

Why people hold it

  1. 01The mandate is narrow and legible: 2x the daily move of SpaceX common shares (SPCX) before fees, one trading day at a time. No index, no basket, no black box.tradretfs.com
  2. 02Geared single-stock exposure inside a registered 1940 Act ETF, so it's a brokerage ticket instead of a margin account or a swap line.tradretfs.com
  3. 03Sees active trading, which matters on a daily-reset product where the spread you pay is part of the cost.

Worth knowing

  1. 01Priced at 1.49%, above rivals chasing the same daily 2x target: LOFF at 0.99%, SPCH at 0.75%, SPCU at 0.00%. Same recipe, higher toll.
  2. 02The 2x objective applies to one session. Hold longer and compounding plus SpaceX's own volatility can push results away from 2x the period move.tradretfs.com
  3. 03Fund and reference stock are both new (2026), so there is little trading history to show how the exposure behaves under stress.direxion.com

SPCM Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Other
Holdings
—
Top-10 weight
103%
Largest holding
CASHUSD69.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD69.22%17,257,773$17M49
002—CFD SPACE EXPLORATION TECHN-CL A33.89%-41,086,254$8M1

Showing 1–2 of 2 holdings

SPCM Performance

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

SPCM$8,588
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. SPCM $8,588. SPY $10,415. Use the arrow keys to read each point.$3,883$8,303$12,723Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 SPCM. Periods over one year show the average yearly return.
PeriodSPCM
Year to dateFund launched this year—
1 month+24.8%
3 months−14.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 SPCM
YearReturn barSPCM
2026 YTD−47.2%

History from Jun 15, 2026

SPCM in the news

ETF.net Research hasn’t filed on SPCM yet — coverage lands here as it’s written.

SPCM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

SPCM 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.

SPCM Cost

Expense ratio1.49%
  • The middle half of 2x Long SpaceX funds
  • Median 1.02%

5 of the 8 2x Long SpaceX funds charge less.

SPCM costs $149.00 a year on $10,000. The median 2x Long SpaceX fund costs $101.50.