SPCLDefiance Pure Space Daily 2X Strategy ETF
Seeks daily investment results that correspond to two times (2X) the performance of an actively-managed group of pure space securities.
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#5,562 of 5,562 · expensive
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#5,562 of 5,562 · small
N/A
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#5,562 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundRisk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results that correspond to two times (2X) the performance of an actively-managed group of pure space securities.
- Strategy
- The Fund seeks to achieve its investment objective by investing in derivatives, primarily swap agreements and listed options contracts, to obtain leveraged 2X exposure to the Target Portfolio. The Target Portfolio consists of 3 to 10 companies engaged in space-related technologies and services. The Fund rebalances its exposure daily to maintain the targeted leverage, adjusting based on the performance of the Target Portfolio.
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-19