SPCL vs. OSCG

Last updated Jul 17, 2026

SPCL (Defiance Pure Space Daily 2X Strategy ETF) and OSCG (Leverage Shares 2X Long OSCR Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.02 correlation, their price movements are largely independent.

Performance

SPCL vs. OSCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Pure Space Daily 2X Strategy ETF (SPCL) and Leverage Shares 2X Long OSCR Daily ETF (OSCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCL

• 1D: -6.34%
• 1M: -61.66%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OSCG

• 1D: -11.63%
• 1M: -0.66%
• 6M: 106.10%
• YTD: 196.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCL vs. OSCG - Yearly Performance Comparison

	2026 (YTD)
SPCL Defiance Pure Space Daily 2X Strategy ETF	-15.45%
OSCG Leverage Shares 2X Long OSCR Daily ETF	192.78%

Correlation

The correlation between SPCL and OSCG is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 17, 2026	0.02

Return for Risk

SPCL vs. OSCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Pure Space Daily 2X Strategy ETF (SPCL) and Leverage Shares 2X Long OSCR Daily ETF (OSCG). 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

SPCL vs. OSCG - Drawdown Comparison

The maximum SPCL drawdown since its inception was -61.66%, smaller than the maximum OSCG drawdown of -71.31%. Use the drawdown chart below to compare losses from any high point for SPCL and OSCG.

Drawdown Indicators

	SPCL	OSCG	Difference
Max Drawdown Largest peak-to-trough decline	-61.66%	-71.31%	+9.65%
Current Drawdown Current decline from peak	-61.66%	-20.26%	-41.40%
Average Drawdown Average peak-to-trough decline	-22.07%	-31.74%	+9.67%

Volatility

Volatility by Period

	SPCL	OSCG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	184.58%	145.57%	+39.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.58%	145.57%	+39.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.58%	145.57%	+39.01%

Dividends

SPCL vs. OSCG - Dividend Comparison

Neither SPCL nor OSCG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPCL and OSCG in my portfolio?

SPCL and OSCG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, SPCL or OSCG?

SPCL and OSCG have nearly identical dividend yields, around 0.00%.

What is the main difference between SPCL and OSCG?

They also come from different issuers: Defiance and Leverage Shares.