SPCL Defiance Pure Space Daily 2X Strategy ETF
Quote as of Aug 26, 2026 19:49 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 24.16 | Day Range | 23.32 – 24.45 |
| 52-Week Range | 18.31 – 83.85 | Volume | 21.94K |
| Avg Volume | 207.12K | AUM | $15.0M (Aug 27, 2026) |
| Expense Ratio | 1.31% | Yield (TTM) | — |
| NAV | 24.20 | Premium/Discount | -2.81% indicative |
| Inception | Apr 07, 2026 | Holdings | 14 |
| Issuer | Defiance | Exchange | CBOE |
| Category | International | Index Tracked | Not stated in source data |
| CUSIP | 88636Y797 | ISIN | US88636Y7976 |
| Structure | Leveraged 2x | ||
| Management | Not stated in source data | ||
About this ETF
SPCL is an exchange-traded fund designed to offer amplified exposure to a concentrated selection of companies within the burgeoning space economy. This includes firms focused on satellite communications, launch services, and various space-enabled technologies. Its portfolio construction employs a qualitative, thematic approach to identify a limited number of enterprises, typically ranging from 3 to 10. Selection criteria emphasize their deep involvement in space-related activities, their specific role within the industry, and their growth trajectory. While holdings are generally weighted equally, adjustments may occur to manage market volatility or liquidity concerns. Crucially, the fund does not directly invest in these underlying securities. Instead, it utilizes financial derivatives, such as swaps and options, to achieve its target of approximately 2x daily leverage. Due to this daily resetting of exposure, investors should note that returns over periods longer than a single day can diverge significantly from two times the performance of the underlying portfolio, primarily owing to compounding effects and market fluctuations. It's worth noting that prior to April 17, 2026, this fund was known by the ticker XAIL.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +14.37% | -38.85% | — | — | — | — | — | — | -9.87% |
| Total return | +14.39% | -38.84% | — | — | — | — | — | — | -9.85% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 1.31% | Annual cost of a $10,000 investment | $131.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 14 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | United States Treasury Bill 08/27/2026 | — | 44.49% | 7.91M | $7.9M |
| 2 | PLANET LABS PBC-SWAP-CANT-L | — | 26.80% | 213.69K | $4.8M |
| 3 | ROCKET LAB CORPORATION-SWAP-CANT-L | — | 25.91% | 63.46K | $4.6M |
| 4 | AST SPACEMOBILE, INC.-SWAP-MREX-L | — | 25.68% | 66.50K | $4.6M |
| 5 | AST SPACEMOBILE, INC.-SWAP-CANT-L | — | 24.31% | 62.95K | $4.3M |
| 6 | ROCKET LAB CORPORATION-SWAP-MREX-L | — | 24.09% | 59.00K | $4.3M |
| 7 | PLANET LABS PBC-SWAP-MREX-L | — | 23.20% | 185.00K | $4.1M |
| 8 | SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-MREX-L | — | 13.10% | 17.00K | $2.3M |
| 9 | SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-CLST-L | — | 10.03% | 13.01K | $1.8M |
| 10 | SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-NBCB-L | — | 10.02% | 13.00K | $1.8M |
| 11 | SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-CANT-L | — | 9.15% | 11.87K | $1.6M |
| 12 | SPACE EXPLORATION TECHNOLOGIES CORP.-SWAP-NMRA-L | — | 7.71% | 10.00K | $1.4M |
| 13 | First American Government Obligations Fund… | — | 6.82% | 1.21M | $1.2M |
| 14 | Cash & Other | — | -151.31% | -26.89M | -$26.9M |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund — it may not pay them, or history has not loaded yet.
Risk Statistics
Liquidity
| Volume today | 21.94K | Average volume | 207.12K |
| AUM | $15.0M | Premium/Discount | -2.81% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$1.8M | -9.93% | $17.8M → $16.0M |
| 1 Week | -$1.3M | -6.39% | $19.7M → $16.0M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for SPCL
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.