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ROKT vs SPCL

State Street SPDR S&P Kensho Final Frontiers ETF

ROKTANYSE Arca

Defiance Pure Space Daily 2X Strategy ETF

SPCLFCboe

Overlap

Expense ratio

ROKT −0.84pt a year

ROKT0.45%SPCL1.29%

Avg volume · 30D

SPCL 8.1×the volume

ROKT21.1KSPCL170K

ROKT vs SPCL Performance

Jul 31, 2026 – Nov 2, 2026

−6.9%ROKT−43.1%SPCL

Jul 31, 2026 to Nov 2, 2026. ROKT −6.9%. SPCL −43.1%. Use the arrow keys to read each point.−20%20%40%60%Jul 2026Sep 2026Nov 2026
Expense ratio
ROKT 0.45%, better
SPCL 1.29%
Fund size
ROKT $156M
SPCL $9M
1Y total return
ROKT +27.0%
SPCL No data
Yield (12M)
ROKT 0.20%
SPCL No data
Holdings
ROKT 38
SPCL 16
Avg volume (30D)
ROKT 21.1K sh
SPCL 170K sh, better
NAV per share
ROKT $106.01
SPCL $13.05
52W range

ETF.net Grade

ROKT: Cost 86, Risk 74, Mission 44, Tradability 74, Holdings 84, Durability 87. SPCL: Cost 0, Risk 22, Mission not scored, Tradability 36, Holdings not scored, Durability 44.
Pillar letters and Scores for ROKT, SPCL, with each pillar’s weight
PillarROKTSPCL
Cost30% weightA86HigherF0
Mission25% weightC44Not scored
Risk15% weightA74HigherF22
Tradability15% weightA74HigherD36
Holdings10% weightA84Not scored
Durability5% weightA87HigherC44

Rank among Space funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ROKT and SPCL are both graded against the same 15 Space funds, so their Grades compare head to head.

Space⁠

Category · 15 funds
See all 15 ›

ROKT ranks 2nd and SPCL 14th of 15 funds in the Space Category.

  1. Rank 1AUFOXDefiance Space and Connective Tech ETFScore 84
  2. Rank 2AROKTState Street SPDR S&P Kensho Final Frontiers ETFScore 80
  3. Rank 3CARKXARK Space & Defense Innovation ETFScore 54
  4. Rank 12DXSPCVegaShares Space & AI ETFScore 38
  5. Rank 14FSPCLDefiance Pure Space Daily 2X Strategy ETFScore 16
  6. XWNGNot yet graded

Our read on each fund

ETF.net Research

ROKTAState Street SPDR S&P Kensho Final Frontiers ETF

SPCLFDefiance Pure Space Daily 2X Strategy ETF

In short

ROKT Most space funds stop at the atmosphere. ROKT plays both frontiers: rockets and satellites plus the hardware that explores the deep sea, wrapped in an AI-informed S&P Kensho index running since 2018.

SPCL Space exposure with the volume knob turned to 2x. SPCL holds swaps, not rockets, aiming for twice the one-day move of a hand-picked basket of three to ten companies that earn most of their revenue in orbit.

Stated mandate

ROKT The fund seeks to track the S&P Kensho Final Frontiers Index, targeting companies whose products and services support innovation in outer-space and deep-sea exploration through an AI-informed, quantitative index methodology.

SPCL The Fund seeks two-times the one-day performance of an actively managed Target Portfolio composed of space securities. It provides leveraged exposure to companies involved in space-related technologies and services.

Why people hold it

  • ROKT 0.45% a year, the cheapest sticker in this cohort: ORBX runs 0.50%, while UFO, ARKX and NASA each charge 0.75%.
  • The index bolts the S&P Kensho Space Index onto the deep-sea exploration names from the Kensho Drones Index, so orbit and ocean floor arrive in one ticker.ssga.com
  • Trading since 2018 under the SPDR roof, and one of the strongest implementations in the space-theme group on cost, portfolio and staying power.
  • Roughly 40 stocks, refreshed on the index's annual reconstitution, with cash paid quarterly.ssga.com
  • SPCL The leveraged option in a peer group of unlevered space funds: it targets 200% of its Target Portfolio's move for a single day, built with swaps and listed options.defianceetfs.com
  • Strict screen: a holding must draw at least 50% of revenue or operating activity from space, so no defense prime rides along on a side business.sec.gov
  • Three to ten names, roughly equal weight, rebalanced daily. The adviser can swap names any time around launches or operational milestones, not just at the quarterly review.sec.gov
  • The day's Target Portfolio is posted on the fund's own website, so the basket behind the leverage is visible.sec.gov

Worth knowing

  • ROKT Trades lightly next to mainstream ETFs and carries a modest asset base; wider bid-ask spreads are the usual trade-off at that size.
  • Two frontiers in roughly 40 names is a concentrated slice of the market that can move very differently from a broad index.
  • The deep-sea sleeve means this is not a pure space bet: part of the portfolio never leaves the water.ssga.com
  • SPCL Daily reset means compounding: over periods longer than a day, results can diverge widely from 2x the move, and the fund's documents warn a full loss is possible in one trading day.defianceetfs.comsec.gov
  • During a reconstitution, generally up to five trading days, exposure can sit anywhere from roughly 150% to 220% of net assets instead of 200%.defianceetfs.com
  • At 1.29%, the fee runs above the category's typical level, and Defiance's own unlevered space fund UFOX charges 0.30%. This is a 2026 launch with a small asset base.

Full ROKT profile⁠

Full SPCL profile⁠

ROKT vs SPCL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ROKT vs SPCL Cost

Overpaying SPCL vs ROKT

$14,178

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

  • ROKT 0.45%

    $9,041

  • SPCL 1.29%

    $23,219

$10,000
30 years

Cost over time

  • ROKT 0.45%
  • SPCL 1.29%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530SPCL $23,219ROKT $9,041

Year by year

YearROKTSPCLOverpaying
10$812$2,247$1,435
20$3,128$8,335$5,207
30$9,041$23,219$14,178

Expense ratio

  • 0.45%ROKT, cheaper
  • 1.29%SPCL
  • Middle half of Space funds
  • Median 0.75%

ROKT 3rd cheapest of 15 funds

SPCL 15th cheapest of 15 funds

ROKT vs SPCL Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
ROKT 0.20%
SPCL No data
Payout (12M)
ROKT $0.21
SPCL None
Last payment
ROKT $0.05
SPCL No data
Ex-dividend
ROKT Sep 21, 2026
SPCL No data
Paid on
ROKT Sep 23, 2026
SPCL No data
Frequency
ROKT Quarterly
SPCL No data

Distribution history

Per share, 2018 to 2026, same scale for both

ROKTQuarterly · 32 paymentsAll ROKT payments⁠
One bar per payment. 32 payments from 2018 to 2026 YTD. Dec 24, 2018 $0.04; Mar 18, 2019 $0.07; Jun 24, 2019 $0.06; Sep 23, 2019 $0.08; Dec 23, 2019 $0.05; Mar 23, 2020 $0.05; Jun 22, 2020 $0.03; Sep 21, 2020 $0.04; Dec 21, 2020 $0.06; Mar 22, 2021 $0.59; Jun 21, 2021 $0.04; Sep 20, 2021 $0.04; Dec 20, 2021 $0.05; Mar 21, 2022 $0.05; Jun 21, 2022 $0.05; Sep 19, 2022 $0.07; Dec 19, 2022 $0.04; Mar 20, 2023 $0.05; Jun 20, 2023 $0.05; Sep 18, 2023 $0.06; Dec 18, 2023 $0.11; Mar 18, 2024 $0.06; Jun 24, 2024 $0.07; Sep 23, 2024 $0.06; Dec 23, 2024 $0.14; Mar 24, 2025 $0.08; Jun 23, 2025 $0.07; Sep 22, 2025 $0.15; Dec 22, 2025 $0.05; Mar 23, 2026 $0.06; Jun 22, 2026 $0.05; Sep 21, 2026 $0.05. Use the arrow keys to read each point.$0$0.50202020232026YTD
SPCLAll SPCL payments⁠

No distribution history available.

ROKT vs SPCL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ROKT 26.4%SPCL No data
Return per unit of riskSharpe ratio, 3 years
ROKT 1.23SPCL No data
Worst fallMax drawdown, 5 years
ROKT −27.6%SPCL No data
Market sensitivityBeta, 5 years
ROKT 1.43SPCL 9.53

ROKT and SPCL in the news

All news⁠

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