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Launched

Direxion Daily SpaceX Bull 2X ETF

LOFFNYSE 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.

$13.96+0.04 (+0.29%)

As of Nov 10, 2026, 11:20 AM ET

C54/ 100

Rank 4 of 12 in 2x Long SpaceX

C54/100Rank 4 of 12in2x Long SpaceX
Intraday session: up, 23 prints from 13.92 to 13.96. Range 13.10 to 14.39. Use the arrow keys to read each point.13.2513.5014.2510 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$83M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
7
Avg volume · 30D
2.18M sh
52W range
low $8.86high $46.68
Launched

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

The ETF.net LOFF Grade

Based on 4 of 6 pillars

C

Score 54 out of 100

Category
2x Long SpaceX⁠
Rank
4 of 12
Six-pillar profile for LOFF. Scores out of 100: Cost 67, Risk 35, Mission not scored, Tradability 46, Holdings not scored, Durability 63. Strongest: Cost (67). Weakest: Risk (35). Based on 4 of 6 pillars.

Score 54 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.

  • 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.
    D35 out of 100
    Rank 8 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 6 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.
    B63 out of 100
    Rank 2 of 12

Our read on LOFF

ETF.net Research

In short

CDirexion's 2x daily bull on SpaceX, out June 15, 2026, days after the IPO. The leverage resets every night, which makes it a short-horizon lever on the stock rather than a long-term stake in the rocket company.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Space Exploration Technologies Corp. common shares.

Why people hold it

  • Aims for 200% of SpaceX common shares' daily move, holding at least 80% of assets in SpaceX securities and swaps. No margin account, no options chain to manage.sec.gov
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), below the median fee in its category.
  • Launched June 15, 2026, within days of SpaceX's IPO, and paired with a bear twin (LOFD) for traders who flip the view.direxion.comsec.gov
  • Lands in the upper half of a crowded field of leveraged SpaceX funds, and trades actively.

Worth knowing

  • The daily reset compounds. Hold past one session and a choppy tape can leave you well short of 2x the period's move, even if SpaceX stock finishes higher.direxion.com
  • One newly public stock carries the whole ride, and swap agreements sit behind the leverage, so counterparties are part of the package.sec.gov
  • Cheaper 2x long SpaceX wrappers exist: SPCH at 0.75%, and SPCF at 0.95% net of a waiver through September 30, 2027.

LOFF Holdings

Asset class
Other
Holdings
7
Top-10 weight
100%
Largest holding
Spcx Swap Asset Leg (Spcxmll)33.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataSpcx Swap Asset Leg (Spcxmll)32.98%657,954$88.3M1
2No dataDreyfus Govt Cash Man Ins21.14%56,632,132$56.6M108
3No dataGoldman Finl Sq Trsry Inst 50617.19%46,045,768$46M98
4No dataSpcx Swap Asset Leg (Spcxhsl)16.52%329,500$44.2M1
5No dataSpcx Swap Asset Leg (Spcxmrl)8.27%165,000$22.2M1
6No dataSpcx Swap Asset Leg (Spcxbpl)2.73%54,466$7.31M1
7No dataSpcx Swap Asset Leg (Spcxnml)1.18%23,494$3.15M1

Showing 1–7 of 7 holdings

LOFF Performance

Launched Jun 15, 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.
LOFF$10,057
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. LOFF $10,057. SPY $9,758. Use the arrow keys to read each point.$7,500$10,000$12,500$15,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 LOFF. Periods over one year show the average yearly return.
PeriodLOFF
Year to dateFund launched this yearNo data
1 month−27.9%
3 months+0.6%
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 LOFF
YearReturn barLOFF
2026 YTD−60.0%

Since listing, Jun 15, 2026

LOFF in the news

LOFF Dividends

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

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 23, 2026 $0.01; 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
Jun 23, 2026Jun 30, 2026$0.01

LOFF Risk

Risk pillarD35 out of 100Rank 8 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 Jun 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 Jun 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 Jun 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.

LOFF Cost

Compare LOFF 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.

  • LOFF 0.97%

    $18,198

  • SPCH 0.75% Tied cheapest

    $14,482

$10,000
30 years

Cost over time

  • LOFF 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$20K051015202530LOFF $18,198SPCH $14,482

Year by year

YearLOFFSPCHOverpaying
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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