SPCX
Not rated
No published distribution safety rating is available.
Security Comparison
SPCX vs XSHP: Own SpaceX, or a SpaceX Option-Income Overlay?
A head-to-head of Space Exploration Technologies and Kurv SpaceX Enhanced Income covering stock versus overlay.
Updated November 6, 2026
No track record yet. SPCX, XSHP launched within the last six months. Where a fund has not published a payout, the forward distribution rate is left blank.
How these figures are calculated: methodology.
Price and total return
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Distribution Safety Score
An estimate of distribution reliability, not price or principal safety, a probability, or a guarantee. Score methodology.
XSHP
Unproven
Low confidence
Score snapshot as of . Method 1.11.
Side-by-side snapshot
| Metric |  SPCX |  XSHP |
|---|---|---|
| Full name | Space Exploration Technologies Corp. | Kurv SpaceX Enhanced Income ETF |
| Issuer | — | Kurv |
| Last Close | $134.27 as of November 6, 2026 | $16.06 as of November 6, 2026 |
| Distribution rate | — | 33.62% |
| Trailing 12-month yield | — | 16.81% |
| 30-day SEC yield | — | 3.44% |
| Distribution Safety Score™ | — | 50 |
| Expense ratio | — | 0.99% |
| AUM | — | $10.5M |
| Distribution frequency | None | Monthly |
| Underlying index | — | Actively managed (no tracked index recorded) |
| Objective | Designs, manufactures, and launches advanced rockets and spacecraft, and operates the Starlink satellite broadband network. | Kurv SpaceX Enhanced Income ETF is an actively managed fund that seeks to provide exposure to SpaceX while generating high current income through a covered-call and option-based strategy, subject to a limit on potential investment gains. |
| Asset class | Equity | Equity |
| Inception date | N/A | 06/17/2026 |
| Last dividend | — | $0.45 |
| Ex-dividend date | — | 11/04/2026 |
— Distribution rate, Safety-Adjusted Yield, last dividend, and ex-dividend date are not yet available because SPCX launched June 2026; these fields will populate after the first distribution.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
SPCX has outpaced XSHP over the year to date, posting a -8.43% total return against -27.64%. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD cumulative | Since Jun 2026 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|
| SPCX | -8.43% | -35.55% | 74.5% | -1.57 | -2.04 | -43.6% |
| XSHP | -27.64% | -27.64% | 66.4% | -1.32 | -1.71 | -40.8% |
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of November 5, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jun 2026” measures every fund from June 17, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Jun 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Jun 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate and SEC yield
| Metric | SPCX | XSHP |
|---|---|---|
| Forward distribution rate | — | 33.62% |
| Trailing 12-month yield | — | 16.81% |
| 30-day SEC yield | — | 3.44% |
Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Not a distribution payer
SPCX (Space Exploration Technologies Corp.) has no distribution rate on file and its distribution frequency is None. SPCX is not a payer. The blank yield is not a zero yield.
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Bottom lineWe won't call this one: SPCX launched June 2026 and XSHP launched June 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer security as provisional.
SpaceX stock versus a SpaceX option-income overlay
SPCX is SpaceX stock. XSHP writes options for SpaceX-linked income. Wrapper is the live difference.
| SPCX | XSHP | |
|---|---|---|
| Wrapper | SpaceX stock | SpaceX option-income overlay |
| Expense ratio | — | 0.99% |
| Distribution rate | — | 33.62% |
| Fund size | — | $10.5M |
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
- Capped upside and premium dependence. XSHP generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
Learn the mechanics: Return of capital, explained · NAV erosion, explained
Income calculator
See how much monthly income a hypothetical investment would generate in each security at current yields.
ETFs16
Total AUM$587M
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Kurv is known for developing actively managed, single-stock and thematic covered call ETFs that generate income through options strategies. The issuer's lineup spans fixed income, growth and income, precious metals strategies, and thematic investing approaches, with a notable focus on single-stock income products tied to mega-cap technology and consumer companies. Kurv's breadth includes both traditional covered call strategies and more specialized offerings in metals and sector-specific themes, appealing to investors seeking equity income across various market segments.
See our curated list of related YouTube videos on XSHP.
Quick verdict
SPCX (Space Exploration Technologies Corp.) is a stock, while XSHP (Kurv SpaceX Enhanced Income ETF) is an ETF — their trading structures differ.
XSHP currently shows a 33.62% distribution yield. SPCX has not yet established a full distribution history, so a comparable yield figure is not available.
Top-holdings overlap
Positions that appear in every fund's top 10. Issuers disclose only the largest weights, so this captures the overlap of the concentrated end of each book — not the full portfolios.
— shared positions
SPCX top-10 holdings unavailable
XSHP 0.0% of its top-10 weight
Top-10 holdings unavailable for SPCX — cannot compute overlap.
Deep dive
Yield & income
On a $10,000 investment at current distribution rates, SPCX has no reported distribution yield yet, so a cash estimate is not available, while XSHP would pay about $3,362.00 a year (about $280.17 per monthly distribution).
SPCX yield—
XSHP yield33.62%
Cost & efficiency
XSHP charges a 0.99% expense ratio — roughly $990 over 10 years on $10,000 (simplified, not compounded). SPCX is a stock, not a fund, so it charges no expense ratio.
XSHP ER0.99%
Strategy & risk
SPCX is a stock built around aerospace & defense exposure, while XSHP is actively managed around SpaceX exposure with a covered call approach.
Security details
SPCX (Space Exploration Technologies Corp.) is a stock. XSHP is managed by Kurv (launched 06/17/2026) with $10.5M in assets.
XSHP AUM$10.5M
Frequently asked questions
Does XSHP pay a dividend?
XSHP (Kurv SpaceX Enhanced Income ETF) is an option-income ETF and distributes 33.62% as of November 2026. SPCX (Space Exploration Technologies Corp.) is SpaceX stock and does not pay a dividend. Cost is — versus 0.99%. Wrapper, not a one-date yield, is the split.
Which of SPCX or XSHP pays more dividend income?
XSHP currently reports a distribution yield, while SPCX has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between SPCX and XSHP?
SPCX (Space Exploration Technologies Corp.) is a stock built around aerospace & defense exposure, while XSHP (Kurv SpaceX Enhanced Income ETF) is actively managed around SpaceX exposure with a covered call approach. XSHP is issued by Kurv.
Can I hold both SPCX and XSHP?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, SPCX or XSHP?
XSHP charges a 0.99% expense ratio. SPCX is a stock, not a fund, so it charges no expense ratio.
How much income does $10,000 in SPCX vs XSHP generate?
At current distribution rates, SPCX does not pay distributions, so there is no cash income to estimate. $10,000 in XSHP would pay about $3,362.00 a year (about $280.17 per monthly distribution).
Which has performed better historically, SPCX or XSHP?
SPCX has outpaced XSHP over the year to date, posting a -8.43% total return against -27.64%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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SPCX vs XSHP — at a glance
Generated October 31, 2026.
Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Overview
SPCX is a direct equity stake in Space Exploration Technologies Corp., the private aerospace company behind Starlink and advanced rocket development. XSHP is an actively managed ETF that holds SpaceX while selling covered calls and other options to generate monthly income. The fundamental difference: SPCX is the underlying asset itself; XSHP wraps it in a yield-focused options overlay with a capped upside.
How they differ
SPCX offers pure equity exposure to SpaceX's business with no income strategy or expense drag. XSHP holds SpaceX as its core position but systematically sells covered calls and deploys other option strategies to produce 33.62% annual distribution rate, paid monthly. That 0.99% expense ratio on XSHP is the cost of active management and execution of the options program. XSHP's asset base is $10.5M, reflecting its early stage and narrowly focused strategy.
Who each is best for
SPCX: Investors seeking direct exposure to SpaceX's underlying business performance and capital appreciation without ongoing distributions or options-driven income mechanics. If SpaceX price appreciation slows or volatility contracts, premiums may shrink and distributions may need to draw on capital, eroding share value over time.
- Call assignment and upside cap. XSHP's covered-call strategy means if SpaceX rallies above sold strike prices, shares are called away at that strike. Investors participate in gains only up to the call strike, not the full underlying move.
- Concentration in a single private company. Both securities hold only SpaceX. There is no diversification. Any operational, regulatory, or competitive setback affects the entire position equally. Regulatory risk specific to satellite broadband (Starlink licensing, frequency allocation) or commercial spaceflight (FAA licensing, launch cadence) directly impacts value. Shares could trade at a material premium or discount to their underlying net asset value.
- Structural NAV drag from expenses and option costs. XSHP's 0.99% expense ratio plus the implicit cost of selling options (premium foregone on rallies, or realized losses if puts are assigned) compounds to reduce total return relative to holding SPCX outright, even before accounting for tax treatment differences.
Bottom line
If you want SpaceX exposure and expect significant capital appreciation, SPCX provides direct participation in price gains without an income overlay or upside cap. If you prioritize current monthly income and are willing to accept capped appreciation and options mechanics, XSHP offers that income profile—though the 33.62% yield is leveraged by option premium and may not persist unchanged. Both concentrate risk in a single company; verify that concentrated exposure matches your portfolio strategy. Past performance does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
These comparisons follow the Dividend Vision methodology.