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SPCF vs SPCM

ProShares Ultra SpaceX

SPCFBNYSE Arca

Tradr 2X Long SpaceX Daily ETF

SPCMDCboe

Overlap

Expense ratio

SPCF −0.54pt a year

SPCF0.95%SPCM1.49%

Avg volume · 30D

SPCF 2.3×the volume

SPCF2.33MSPCM1.01M

SPCF vs SPCM Performance

Jul 31, 2026 – Nov 2, 2026

+32.9%SPCF+35.9%SPCM

Jul 31, 2026 to Nov 2, 2026. SPCF +32.9%. SPCM +35.9%. Use the arrow keys to read each point.0%50%75%100%125%Jul 2026Sep 2026Nov 2026
Expense ratio
SPCF 0.95%, better
SPCM 1.49%
Fund size
SPCF $74M
SPCM $19M
Holdings
SPCF 1
SPCM 2
Avg volume (30D)
SPCF 2.33M sh, better
SPCM 1.01M sh
NAV per share
SPCF $12.63
SPCM $13.58
52W range

ETF.net Grade

SPCF: Cost 79, Risk 33, Mission not scored, Tradability 74, Holdings not scored, Durability 66. SPCM: Cost 28, Risk 43, Mission not scored, Tradability 33, Holdings not scored, Durability 37.
Pillar letters and Scores for SPCF, SPCM, with each pillar’s weight
PillarSPCFSPCM
Cost30% weightA79HigherD28
Mission25% weightNot scoredNot scored
Risk15% weightD33C43Higher
Tradability15% weightA74HigherD33
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherD37

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. SPCF and SPCM 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 ›

SPCF ranks 3rd and SPCM 7th 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 4BLOFFDirexion Daily SpaceX Bull 2X ETFScore 56
  5. Rank 6DSNKGraniteShares 2x Short SpaceX Daily ETFScore 37
  6. Rank 7DSPCMTradr 2X Long SpaceX Daily ETFScore 33
  7. Rank 8DSPALGraniteShares 2x Long SpaceX Daily ETFScore 29

Our read on each fund

ETF.net Research

SPCFBProShares Ultra SpaceX

SPCMDTradr 2X Long SpaceX Daily ETF

In short

SPCF ProShares launched SPCF on the day SpaceX went public: a 2x daily bet on a single newly listed stock, built from swaps plus actual SPCX shares, for 0.95% net of a waiver through September 30, 2027.

SPCM Leveraged 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

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

SPCM 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

  • SPCF 0.95% net of a waiver through September 30, 2027 (1.04% gross): below the typical 2x SpaceX fee, and under Direxion's LOFF at 0.97% net of a waiver through September 1, 2027.
  • Magnifies a bullish SpaceX view without a margin account. ProShares builds the 2x exposure from swap agreements and shares of SPCX itself.proshares.comproshares.com 2
  • From the house with the largest leveraged and inverse ETF lineup, and it ranks among the stronger builds in the 2x SpaceX group.proshares.com
  • SPCM The 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
  • Geared 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
  • Sees active trading, which matters on a daily-reset product where the spread you pay is part of the cost.

Worth knowing

  • SPCF Exposure resets daily, so over longer stretches compounding can push results far from 2x SpaceX's move. ProShares states the fund seeks its result for a single day only.proshares.comproshares.com 2
  • Leverage Shares' SPCH targets the same 2x long SpaceX exposure at 0.75%, with no waiver propping up the number.
  • Live only since June 2026, so there is a short record for judging how tightly it hits its daily target.
  • SPCM Priced 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.
  • The 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
  • Fund and reference stock are both new (2026), so there is little trading history to show how the exposure behaves under stress.direxion.com

Full SPCF profile⁠

Full SPCM profile⁠

SPCF vs SPCM 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.

SPCF vs SPCM Cost

Overpaying SPCM vs SPCF

$8,272

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

  • SPCF 0.95%

    $17,869

  • SPCM 1.49%

    $26,141

$10,000
30 years

Cost over time

  • SPCF 0.95%
  • SPCM 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SPCM $26,141SPCF $17,869

Year by year

YearSPCFSPCMOverpaying
10$1,678$2,574$896
20$6,322$9,464$3,142
30$17,869$26,141$8,272

Expense ratio

  • 0.95%SPCF, cheaper
  • 1.49%SPCM
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SPCF 3rd cheapest of 9 funds

SPCM 6th cheapest of 9 funds

SPCF vs SPCM Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
SPCF No data
SPCM None
Last payment
SPCF $0.08
SPCM No data
Ex-dividend
SPCF Sep 23, 2026
SPCM No data
Paid on
SPCF Sep 29, 2026
SPCM No data
Frequency
SPCF Irregular
SPCM No data

Distribution history

Per share, 2026, same scale for both

SPCFIrregular · 1 paymentAll SPCF payments⁠
One bar per payment. 1 payment in 2026 YTD. Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$0.052026YTD
SPCMAll SPCM payments⁠

No distribution history available.

SPCF vs SPCM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

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