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SPAL vs SPCH

GraniteShares 2x Long SpaceX Daily ETF

SPALDCboe

Leverage Shares 2X Long SPCX Daily ETF

SPCHACboe

Overlap

Expense ratio

SPCH −0.78pt a year

SPAL1.53%SPCH0.75%

Avg volume · 30D

SPCH 19.9×the volume

SPAL1.34MSPCH26.6M

SPAL vs SPCH Performance

Jul 31, 2026 – Nov 2, 2026

+36.0%SPAL+32.6%SPCH

Jul 31, 2026 to Nov 2, 2026. SPAL +36.0%. SPCH +32.6%. Use the arrow keys to read each point.0%75%100%125%Jul 2026Sep 2026Nov 2026
Expense ratio
SPAL 1.53%
SPCH 0.75%, better
Fund size
SPAL $30M
SPCH $390M
Holdings
SPAL 2
SPCH 8
Avg volume (30D)
SPAL 1.34M sh
SPCH 26.6M sh, better
NAV per share
SPAL $13.05
SPCH $7.60
52W range

ETF.net Grade

SPAL: Cost 11, Risk 43, Mission not scored, Tradability 48, Holdings not scored, Durability 47. SPCH: Cost 92, Risk 33, Mission not scored, Tradability 97, Holdings not scored, Durability 59.
Pillar letters and Scores for SPAL, SPCH, with each pillar’s weight
PillarSPALSPCH
Cost30% weightF11A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightC43HigherD33
Tradability15% weightC48A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC47B59Higher

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. SPAL 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 SPAL 8th 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 7DSPCMTradr 2X Long SpaceX Daily ETFScore 33
  5. Rank 8DSPALGraniteShares 2x Long SpaceX Daily ETFScore 29
  6. Rank 8DSPAXT-Rex 2X Long SpaceX Daily Target ETFScore 29

Our read on each fund

ETF.net Research

SPALDGraniteShares 2x Long SpaceX Daily ETF

SPCHALeverage Shares 2X Long SPCX Daily ETF

In short

SPAL 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

SPAL 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

SPAL 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

SPAL 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 SPAL profile⁠

Full SPCH profile⁠

SPAL 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.

SPAL vs SPCH Cost

Overpaying SPAL vs SPCH

$12,224

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

  • SPAL 1.53%

    $26,706

  • SPCH 0.75%

    $14,482

$10,000
30 years

Cost over time

  • SPAL 1.53%
  • 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$30K051015202530SPAL $26,706SPCH $14,482

Year by year

YearSPALSPCHOverpaying
10$2,639$1,336$1,303
20$9,685$5,078$4,607
30$26,706$14,482$12,224

Expense ratio

  • 1.53%SPAL
  • 0.75%SPCH, cheaper
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SPCH cheapest of 9 funds

SPAL 8th cheapest of 9 funds

SPAL vs SPCH Dividends

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

Distribution history

SPALAll SPAL payments⁠

No distribution history available.

SPCHAll SPCH payments⁠

No distribution history available.

SPAL vs SPCH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

SPAL and SPCH in the news

All news⁠

Popular comparisons

  • SPALDvsSSPCA

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

    Expense ratio
    1.53% · 0.75%
    Category
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  • SPCHAvsSSPCA

    Leverage Shares 2X Long SPCX Daily ETF · Leverage Shares 2X Short SPCX Daily ETF

    Expense ratio
    0.75% · 0.75%
    Category
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  • SPALDvsSPCFB

    GraniteShares 2x Long SpaceX Daily ETF · ProShares Ultra SpaceX

    Expense ratio
    1.53% · 0.95%
    Category
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  • SPCHAvsSPCFB

    Leverage Shares 2X Long SPCX Daily ETF · ProShares Ultra SpaceX

    Expense ratio
    0.75% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SPALDvsLOFFB

    GraniteShares 2x Long SpaceX Daily ETF · Direxion Daily SpaceX Bull 2X ETF

    Expense ratio
    1.53% · 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
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.