SPCH vs. RDWU

Last updated Aug 1, 2026

SPCH (Leverage Shares 2X Long SPCX Daily ETF) and RDWU (T-REX 2X Long RDW Daily Target ETF) are both Leveraged Equities funds. SPCH is actively managed, while RDWU is passively managed. Their 0.32 correlation means their historical movements had little consistent relationship. SPCH charges 0.75%/yr vs 1.50%/yr for RDWU.

Performance

SPCH vs. RDWU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SPCX Daily ETF (SPCH) and T-REX 2X Long RDW Daily Target ETF (RDWU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCH

• 1D: -6.85%
• 1M: -56.99%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

RDWU

• 1D: 3.22%
• 1M: -47.18%
• 6M: -78.61%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RDWU T-REX 2X Long RDW Daily Target ETF	$4.94M	$6.57M	$39.06M
SPCH Leverage Shares 2X Long SPCX Daily ETF	$161.11M	$174.62M	$340.05M

SPCH vs. RDWU - Yearly Performance Comparison

	2026 (YTD)
SPCH Leverage Shares 2X Long SPCX Daily ETF	-67.91%
RDWU T-REX 2X Long RDW Daily Target ETF	-72.15%

Correlation

The correlation between SPCH and RDWU is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 15, 2026	0.32

Return for Risk

SPCH vs. RDWU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPCX Daily ETF (SPCH) and T-REX 2X Long RDW Daily Target ETF (RDWU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

SPCH vs. RDWU - Drawdown Comparison

The maximum SPCH drawdown since its inception was -74.51%, smaller than the maximum RDWU drawdown of -93.35%. Use the drawdown chart below to compare losses from any high point for SPCH and RDWU.

Drawdown Indicators

	SPCH	RDWU	Difference
Max Drawdown Largest peak-to-trough decline	-74.51%	-93.35%	+18.84%
Current Drawdown Current decline from peak	-74.51%	-91.94%	+17.43%
Average Drawdown Average peak-to-trough decline	-50.31%	-63.18%	+12.87%

Volatility

Volatility by Period

	SPCH	RDWU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	149.54%	247.03%	-97.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.54%	247.03%	-97.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.54%	247.03%	-97.49%

SPCH vs. RDWU - Expense Ratio Comparison

SPCH has a 0.75% expense ratio, which is lower than RDWU's 1.50% expense ratio.

Dividends

SPCH vs. RDWU - Dividend Comparison

Neither SPCH nor RDWU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPCH and RDWU in my portfolio?

SPCH and RDWU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCH or RDWU?

On fees, SPCH is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPCH or RDWU?

SPCH is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

Which ETF pays a higher dividend yield, SPCH or RDWU?

SPCH and RDWU have nearly identical dividend yields, around 0.00%.

What is the main difference between SPCH and RDWU?

They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for SPCH and 1.50% for RDWU.