SPCH vs BSMW
Comparison between Leverage Shares 2X Long SPCX Daily ETF (SPCH, ETF) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW, ETF).
SPCH vs BSMW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPCH
$212M
BSMW
$212M
Expense Ratio
SPCH
N/A
BSMW
0.18%
Max Drawdown
SPCH
75.34%
Winner
BSMW
9.40%
Sharpe Ratio
SPCH
-1.50
Winner
BSMW
0.06
5Y Beta
SPCH
5.24
Winner
BSMW
-0.02
SPCH vs BSMW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPCH
+39.78%
BSMW
-0.07%
3M
SPCH
N/A
BSMW
-0.37%
6M
SPCH
N/A
BSMW
-2.01%
1Y
SPCH
N/A
BSMW
+3.91%
Max(CAGR)
SPCH
-98.49%
Winner
BSMW
+2.91%
SPCH vs BSMW - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | SPCH | BSMW |
|---|---|---|
| 2026 | -56.75% | +0.05% |
| 2025 | N/A | +3.34% |
| 2024 | N/A | -0.17% |
| 2023 | N/A | +7.00% |
SPCH vs BSMW Drawdown Comparison
The maximum drawdown for SPCH was -75.34%, occurring on Aug 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for BSMW was -7.58%, occurring on Oct 25, 2023. Recovery took 164 trading sessions.
The current SPCH drawdown is -60.65%. The current BSMW drawdown is -2.01%.
| Rank | SPCH | BSMW |
|---|---|---|
| #1 | -75.34% Jun 16, 2026 - Aug 5, 2026 | -7.58% Apr 12, 2023 - Dec 5, 2023 |
| #2 | N/A | -6.44% Dec 3, 2024 - Sep 15, 2025 |
| #3 | N/A | -3.48% Dec 27, 2023 - Aug 2, 2024 |
| #4 | N/A | -3.20% Oct 1, 2024 - Dec 3, 2024 |
| #5 | N/A | -2.92% Feb 27, 2026 - Mar 26, 2026 |
| #6 | N/A | -1.45% Aug 5, 2024 - Oct 1, 2024 |
| #7 | N/A | -0.69% Mar 17, 2023 - Mar 24, 2023 |
| #8 | N/A | -0.49% Sep 17, 2025 - Oct 7, 2025 |
| #9 | N/A | -0.37% Nov 11, 2025 - Dec 29, 2025 |
| #10 | N/A | -0.37% Apr 6, 2023 - Apr 11, 2023 |
| #11 | N/A | -0.34% Mar 13, 2023 - Mar 15, 2023 |
| #12 | N/A | -0.30% Mar 1, 2023 - Mar 6, 2023 |
| #13 | N/A | -0.27% Dec 6, 2023 - Dec 13, 2023 |
| #14 | N/A | -0.26% Oct 22, 2025 - Nov 11, 2025 |
| #15 | N/A | -0.23% Dec 20, 2023 - Dec 27, 2023 |
Correlation
Correlation between SPCH and BSMW is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
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