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Launched · SEC filings

Direxion Daily SpaceX Bear 2X ETF

LOFDNYSE ArcaDirexionCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$6.98−0.18 (−2.51%)

As of Nov 2, 2026, 3:59 PM ET

C40/ 100

Rank 7 of 12 in 2x Long SpaceX

C40/100Rank 7 of 12in2x Long SpaceX
Intraday session: down, 79 prints from 7.16 to 6.98. Range 6.44 to 6.98. Use the arrow keys to read each point.6.406.606.8010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$2M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
156K sh
52W range
low $4.47high $14.73
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 0.99%.

The ETF.net LOFD Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
2x Long SpaceX⁠
Rank
7 of 12
Six-pillar profile for LOFD. Scores out of 100: Cost 67, Risk 47, Mission not scored, Tradability 8, Holdings not scored, Durability 27. Strongest: Cost (67). Weakest: Tradability (8). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
46
This cap took
−6
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 4 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 5 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F8 out of 100
    Rank 12 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 12 of 12

LOFD Performance

Launched Aug 6, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
LOFD$11,293
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,909
Sep 30, 2026 to Oct 30, 2026. LOFD $11,293. SPY $9,909. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Sep 30Oct 15Oct 30

Sep 30, 2026 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for LOFD. Periods over one year show the average yearly return.
PeriodLOFD
Year to dateFund launched this yearNo data
1 month+12.9%
3 monthsFund is under 3 months oldNo data
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for LOFD
YearReturn barLOFD
2026 YTD−45.2%

Since listing, Aug 6, 2026

LOFD in the news

LOFD Dividends

Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Sep 22, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.02

LOFD Risk

Risk pillarC47 out of 100Rank 5 of 12 in 2x Long SpaceX

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
Launched Aug 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Aug 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Aug 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

LOFD Cost

Compare LOFD and SPCH

Overpaying vs SPCH, tied cheapest in 2x Long SpaceX

$3,716

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LOFD 0.97%

    $18,198

  • SPCH 0.75% Tied cheapest

    $14,482

$10,000
30 years

Cost over time

  • LOFD 0.97%
  • SPCH 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LOFD $18,198SPCH $14,482

Year by year

YearLOFDSPCHOverpaying
10$1,712$1,336$376
20$6,443$5,078$1,365
30$18,198$14,482$3,716
How the 0.97% is worked out

Full fee 0.99%− waiver 0.02%= you pay 0.97%

The waiver ends Sep 1, 2027. After that the fee is 0.99% unless Direxion renews it. Source: prospectus, Jun 2026.

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