SPCQDefiance Daily Target 2X Short SpaceX ETF
Seeks daily inverse investment results of -200% the daily percentage change in the share price of Space Exploration Technologies Corporation.
By Defiance ETFs LLC · Launched 2026
1.31%
#5,578 of 5,822 · expensive
$9M
#4,934 of 5,822 · small
N/A
2 months
#5,664 of 5,822 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Inverse
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily inverse investment results of -200% the daily percentage change in the share price of Space Exploration Technologies Corporation.
- Strategy
- Actively managed ETF aiming for -200% of the daily performance of Space Exploration Technologies Corporation using derivatives like swaps and options. Focuses on daily rebalancing to maintain inverse exposure.
- Inception date
- June 12, 2026
- Fund family
- Defiance ETFs LLC
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
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