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SPCHLeverage Shares 2X Long SPCX Daily ETF

Take a betNewRanked #94 of 926 in this goal

Seeks daily investment results of 200% of the daily percentage change in the price of Space Exploration Technologies Corp. (SPCX) common stock.

By Themes ETF Trust · Launched 2026

Annual Cost

0.75%

#3,905 of 5,822 · expensive

Fund Size

$477M

#1,627 of 5,822 · large

Return (1Y)Goal

N/A

Track Record

2 months

#5,664 of 5,822 · young

Performance

Total-return NAV · USD
Growth of $10,000
$2,549-74.5%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

What it actually holds

By weight

Concentration

single-stock bet — holdings shown are derivatives collateral, not diversification

First American Treasury Obligs XFXFXX
8.7%

Asset allocation

Other
179.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-74.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results of 200% of the daily percentage change in the price of Space Exploration Technologies Corp. (SPCX) common stock.
Strategy
Actively managed; seeks 200% of the daily price return of the common stock of Space Exploration Technologies Corp. (SPCX, the Underlying Security) - SpaceX - primarily via swap agreements and options (deep in-the-money calls and synthetic forwards), plus direct SPCX holdings. Rebalanced daily; daily compounding causes returns over periods longer than one trading day to diverge materially from 200% of the Underlying Security's return.
Inception date
June 12, 2026
Fund family
Themes ETF Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged single stock
Critical

Most of these lose money

These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.

Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-01