Skip to content
etf.net

SPAX vs SSPC

T-Rex 2X Long SpaceX Daily Target ETF

SPAXDNYSE Arca

Leverage Shares 2X Short SPCX Daily ETF

SSPCACboe

Overlap

Expense ratio

SSPC −0.75pt a year

SPAX1.50%SSPC0.75%

Avg volume · 30D

SSPC 7.3×the volume

SPAX2.27MSSPC16.7M

SPAX vs SSPC Performance

Jul 31, 2026 – Oct 30, 2026

+31.0%SPAX−57.4%SSPC

Jul 31, 2026 to Oct 30, 2026. SPAX +31.0%. SSPC −57.4%. Use the arrow keys to read each point.0%100%Jul 2026Sep 2026Oct 2026
Expense ratio
SPAX 1.50%
SSPC 0.75%, better
Fund size
SPAX $51M
SSPC $118M
Yield (12M)
SPAX 0.00%
SSPC No data
Holdings
SPAX 3
SSPC 2
Avg volume (30D)
SPAX 2.27M sh
SSPC 16.7M sh, better
NAV per share
SPAX $8.88
SSPC $9.89
52W range

ETF.net Grade

SPAX: Cost 28, Risk 36, Mission not scored, Tradability 20, Holdings not scored, Durability 47. SSPC: Cost 92, Risk 75, Mission not scored, Tradability 87, Holdings not scored, Durability 56.
Pillar letters and Scores for SPAX, SSPC, with each pillar’s weight
PillarSPAXSSPC
Cost30% weightD28A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightD36A75Higher
Tradability15% weightF20A87Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC47B56Higher

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. SPAX and SSPC 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 ›

SSPC ranks 1st and SPAX 8th of 9 funds in the 2x Long SpaceX Category.

  1. Rank 1ASSPCLeverage Shares 2X Short SPCX Daily ETFScore 84
  2. Rank 2ASPCHLeverage Shares 2X Long SPCX Daily ETFScore 77
  3. Rank 7DSPCMTradr 2X Long SpaceX Daily ETFScore 32
  4. Rank 8DSPAXT-Rex 2X Long SpaceX Daily Target ETFScore 29
  5. Rank 9DSPALGraniteShares 2x Long SpaceX Daily ETFScore 27

Our read on each fund

ETF.net Research

SPAXDT-Rex 2X Long SpaceX Daily Target ETF

SSPCALeverage Shares 2X Short SPCX Daily ETF

In short

SPAX REX's day-one SpaceX trade: total-return swaps aiming for 200% of SPCX's daily move, reset every close. It listed the day SpaceX hit the public market, and it picked up listed options of its own almost immediately, which not every leveraged SpaceX fund can say.

SSPC No data

Stated mandate

SPAX The Fund seeks daily investment results equal to 200% of the daily performance of Space Exploration Technologies Corporation's publicly traded common stock, before fees and expenses. It does not target a holding period longer than one trading day.

SSPC No data

Why people hold it

  • SPAX Listed options trade on SPAX itself, so traders can layer calls, puts or spreads on top of the 2x daily exposure.rexshares.com
  • Mechanics are refreshingly plain: total-return swaps targeting 200% of SPCX's daily return, with the leverage reset at each close.rexshares.com
  • It opened for business on day one of SpaceX's public listing, among the first leveraged wrappers on the stock rather than a latecomer.nasdaq.com

SSPC No data

Worth knowing

  • SPAX At 1.50% a year it is one of the pricier routes to 2x SPCX: SPCH and SSPC charge 0.75%, LOFF 0.99%.
  • Daily reset means compounding. Hold past a single session and results can drift far from 2x the stock's move; the prospectus calls it a short-term trading vehicle.rexshares.com
  • Exposure runs through swap contracts, so the fund depends on its counterparties meeting their obligations.rexshares.com

SSPC No data

Full SPAX profile⁠

Full SSPC profile⁠

SPAX vs SSPC 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.

SPAX vs SSPC Cost

Overpaying SPAX vs SSPC

$11,801

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

  • SPAX 1.50%

    $26,283

  • SSPC 0.75%

    $14,482

$10,000
30 years

Cost over time

  • SPAX 1.50%
  • SSPC 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SPAX $26,283SSPC $14,482

Year by year

YearSPAXSSPCOverpaying
10$2,590$1,336$1,254
20$9,519$5,078$4,441
30$26,283$14,482$11,801

Expense ratio

  • 1.50%SPAX
  • 0.75%SSPC, cheaper
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SSPC cheapest of 9 funds

SPAX 7th cheapest of 9 funds

SPAX vs SSPC Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPAX 0.00%
SSPC No data
Payout (12M)
SPAX None
SSPC None

Distribution history

Per share, 2022 to 2024, same scale for both

SPAX7 paymentsAll SPAX payments⁠
One bar per payment. 7 payments from 2022 to 2024. Dec 23, 2022 $0.20; Sep 26, 2023 $0.27; Dec 22, 2023 $0.44; Mar 25, 2024 $0.27; Jun 26, 2024 $0.27; Sep 26, 2024 $0.27; Dec 27, 2024 $0.14. Use the arrow keys to read each point.$0$0.502024
SSPCAll SSPC payments⁠

No distribution history available.

SPAX vs SSPC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
SPAX −0.65SSPC 0.00

SPAX and SSPC in the news

All news⁠

Popular comparisons

  • SPAXDvsSPCHA

    T-Rex 2X Long SpaceX Daily Target ETF · Leverage Shares 2X Long SPCX Daily ETF

    Expense ratio
    1.50% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SSPCAvsSPCHA

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

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

  • SPAXDvsSPCFB

    T-Rex 2X Long SpaceX Daily Target ETF · ProShares Ultra SpaceX

    Expense ratio
    1.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SSPCAvsSPCFB

    Leverage Shares 2X Short 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.

  • SPAXDvsLOFFB

    T-Rex 2X Long SpaceX Daily Target ETF · Direxion Daily SpaceX Bull 2X ETF

    Expense ratio
    1.50% · 0.97%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SSPCAvsLOFFB

    Leverage Shares 2X Short 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.