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SNK vs SPCH

GraniteShares 2x Short SpaceX Daily ETF

SNKDCboe

Leverage Shares 2X Long SPCX Daily ETF

SPCHACboe

Overlap

Expense ratio

SPCH −2.16pt a year

SNK2.91%SPCH0.75%

Avg volume · 30D

SPCH 9.0×the volume

SNK2.95MSPCH26.6M

SNK vs SPCH Performance

Jul 31, 2026 – Nov 2, 2026

−58.6%SNK+32.6%SPCH

Jul 31, 2026 to Nov 2, 2026. SNK −58.6%. SPCH +32.6%. Use the arrow keys to read each point.0%100%Jul 2026Sep 2026Nov 2026
Expense ratio
SNK 2.91%
SPCH 0.75%, better
Fund size
SNK $54M
SPCH $390M
Holdings
SNK 1
SPCH 8
Avg volume (30D)
SNK 2.95M sh
SPCH 26.6M sh, better
NAV per share
SNK $16.26
SPCH $7.60
52W range

ETF.net Grade

SNK: Cost 3, Risk 73, Mission not scored, Tradability 67, Holdings not scored, Durability 53. SPCH: Cost 92, Risk 33, Mission not scored, Tradability 97, Holdings not scored, Durability 59.
Pillar letters and Scores for SNK, SPCH, with each pillar’s weight
PillarSNKSPCH
Cost30% weightF3A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightA73HigherD33
Tradability15% weightB67A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC53B59Higher

Rank among 2x Long SpaceX funds

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

Same Category. SNK and SPCH are both graded against the same 9 2x Long SpaceX funds, so their Grades compare head to head.

2x Long SpaceX⁠

Category · 9 funds
See all 9 ›

SPCH ranks 2nd and SNK 6th of 9 funds in the 2x Long SpaceX Category.

  1. Rank 1ASSPCLeverage Shares 2X Short SPCX Daily ETFScore 83
  2. Rank 2ASPCHLeverage Shares 2X Long SPCX Daily ETFScore 77
  3. Rank 3BSPCFProShares Ultra SpaceXScore 66
  4. Rank 5CLOFDDirexion Daily SpaceX Bear 2X ETFScore 40
  5. Rank 6DSNKGraniteShares 2x Short SpaceX Daily ETFScore 37
  6. Rank 7DSPCMTradr 2X Long SpaceX Daily ETFScore 33

Our read on each fund

ETF.net Research

SNKDGraniteShares 2x Short SpaceX Daily ETF

SPCHALeverage Shares 2X Long SPCX Daily ETF

In short

SNK No data

SPCH The SpaceX leverage shelf got crowded fast. SPCH was on it from day one, aiming for twice the stock's daily move through swaps, at 0.75% a year, less than most rivals charge.

Stated mandate

SNK No data

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

Why people hold it

SNK No data

  • SPCH Costs 0.75% a year, under Direxion's LOFF (0.99%) and ProShares' SPCF (1.04%) for the same 2x daily SpaceX trade.
  • Built to start trading with SpaceX's IPO, with its first day of 2x exposure struck off the IPO price. One of the original ways to play the stock at 2x.sec.gov
  • Among the busier tickers in the SpaceX leverage group, which matters when the product is designed around single-day holds.leverageshares.com
  • Its mirror image, SSPC, runs the same machinery at -2x for the same 0.75% fee, so you can flip direction without changing issuers.leverageshares.com

Worth knowing

SNK No data

  • SPCH Leverage resets daily. Hold past one day and the result compounds, so it can drift from 2x the stock's move over that stretch.leverageshares.com
  • 2x cuts both ways: a hard down day in SpaceX stock lands twice as hard here, and this is a young, volatile stock.sec.gov
  • Exposure runs through swaps and options rather than shares, which adds counterparty risk. No distributions so far.leverageshares.com

Full SNK profile⁠

Full SPCH profile⁠

SNK vs SPCH 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.

SNK vs SPCH Cost

Overpaying SNK vs SPCH

$28,354

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

  • SNK 2.91%

    $42,836

  • SPCH 0.75%

    $14,482

$10,000
30 years

Cost over time

  • SNK 2.91%
  • SPCH 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K$50K051015202530SNK $42,836SPCH $14,482

Year by year

YearSNKSPCHOverpaying
10$4,740$1,336$3,404
20$16,403$5,078$11,325
30$42,836$14,482$28,354

Expense ratio

  • 2.91%SNK
  • 0.75%SPCH, cheaper
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SPCH cheapest of 9 funds

SNK 9th cheapest of 9 funds

SNK vs SPCH Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
SNK None
SPCH None

Distribution history

SNKAll SNK payments⁠

No distribution history available.

SPCHAll SPCH payments⁠

No distribution history available.

SNK vs SPCH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
SNK 0.00SPCH 0.00Same figure. Both funds show the same value, so neither comes out ahead.

SNK and SPCH in the news

All news⁠

Popular comparisons

  • SNKDvsSSPCA

    GraniteShares 2x Short SpaceX Daily ETF · Leverage Shares 2X Short SPCX Daily ETF

    Expense ratio
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    Category
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  • SPCHAvsSSPCA

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  • SNKDvsSPCFB

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    Category
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  • SPCHAvsSPCFB

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    Expense ratio
    0.75% · 0.95%
    Category
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  • SNKDvsLOFFB

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    2.91% · 0.97%
    Category
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  • SPCHAvsLOFFB

    Leverage Shares 2X Long SPCX Daily ETF · Direxion Daily SpaceX Bull 2X ETF

    Expense ratio
    0.75% · 0.97%
    Category
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