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SPCH vs SPCM

Leverage Shares 2X Long SPCX Daily ETF

SPCHACboe

Tradr 2X Long SpaceX Daily ETF

SPCMDCboe

Overlap

Expense ratio

SPCH −0.74pt a year

SPCH0.75%SPCM1.49%

Avg volume · 30D

SPCH 26.4×the volume

SPCH26.6MSPCM1.01M

SPCH vs SPCM Performance

Jul 31, 2026 – Nov 2, 2026

+32.6%SPCH+35.9%SPCM

Jul 31, 2026 to Nov 2, 2026. SPCH +32.6%. SPCM +35.9%. Use the arrow keys to read each point.0%50%75%100%125%Jul 2026Sep 2026Nov 2026
Expense ratio
SPCH 0.75%, better
SPCM 1.49%
Fund size
SPCH $390M
SPCM $19M
Holdings
SPCH 8
SPCM 2
Avg volume (30D)
SPCH 26.6M sh, better
SPCM 1.01M sh
NAV per share
SPCH $7.60
SPCM $13.58
52W range

ETF.net Grade

SPCH: Cost 92, Risk 33, Mission not scored, Tradability 97, Holdings not scored, Durability 59. SPCM: Cost 28, Risk 43, Mission not scored, Tradability 33, Holdings not scored, Durability 37.
Pillar letters and Scores for SPCH, SPCM, with each pillar’s weight
PillarSPCHSPCM
Cost30% weightA92HigherD28
Mission25% weightNot scoredNot scored
Risk15% weightD33C43Higher
Tradability15% weightA97HigherD33
Holdings10% weightNot scoredNot scored
Durability5% weightB59HigherD37

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. SPCH 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 ›

SPCH ranks 2nd 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 6DSNKGraniteShares 2x Short SpaceX Daily ETFScore 37
  5. Rank 7DSPCMTradr 2X Long SpaceX Daily ETFScore 33
  6. Rank 8DSPALGraniteShares 2x Long SpaceX Daily ETFScore 29

Our read on each fund

ETF.net Research

SPCHALeverage Shares 2X Long SPCX Daily ETF

SPCMDTradr 2X Long SpaceX Daily ETF

In short

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.

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

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

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

  • 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
  • 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

  • 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
  • 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 SPCH profile⁠

Full SPCM profile⁠

SPCH 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.

SPCH vs SPCM Cost

Overpaying SPCM vs SPCH

$11,659

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

  • SPCH 0.75%

    $14,482

  • SPCM 1.49%

    $26,141

$10,000
30 years

Cost over time

  • SPCH 0.75%
  • 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 $26,141SPCH $14,482

Year by year

YearSPCHSPCMOverpaying
10$1,336$2,574$1,238
20$5,078$9,464$4,386
30$14,482$26,141$11,659

Expense ratio

  • 0.75%SPCH, cheaper
  • 1.49%SPCM
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SPCH cheapest of 9 funds

SPCM 6th cheapest of 9 funds

SPCH vs SPCM Dividends

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

Distribution history

SPCHAll SPCH payments⁠

No distribution history available.

SPCMAll SPCM payments⁠

No distribution history available.

SPCH vs SPCM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

SPCH and SPCM in the news

All news⁠

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