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LOFF

GradeBNew York Stock Exchange Arca

Direxion Daily SpaceX Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2026-06-15

This 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.

$16.50−1.36 (−7.61%)

As of Sep 23, 2026, 3:05 PM EDT

History starts Jun 15, 2026.History starts Jun 15, 2026.History starts Jun 15, 2026.
Intraday session: down, 67 prints from 17.86 to 16.50. Range 16.50 to 17.68. Use the arrow keys to read each point.$17.00$17.5010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$75M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
2.2M sh
NAV per share
$17.95
52W range
low $8.86high $46.68

The ETF.net LOFF Grade

B

57/ 100

Rank 4 of 12 in 2x Long SpaceX⁠

Confidence Medium

Six-pillar profile for LOFF. Scores out of 100: Cost 75, Risk 34, Mission not scored, Tradability 48, Holdings not scored, Durability 57. Strongest: Cost (75). Weakest: Risk (34). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 75
    Category rank4/12 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 34
    Category rank7/11 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank7/12 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 57
    Category rank3/12 · top 25%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on LOFF

ETF.net Research

BSpaceX rang the bell and Direxion had a 2X bull fund on it one business day later. LOFF aims for 200% of SPCX's daily move, before fees, then resets the bet every night.

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

  1. 01First out of the gate: Direxion listed LOFF on June 15, 2026, one business day after SPCX started trading.direxion.com
  2. 02The job is narrow and legible: 200% of SpaceX's daily share move before fees and expenses, exposure reset each day. No index, no basket, no hedge.direxion.com
  3. 03At 0.99% a year the fee sits under the typical charge in the 2X SpaceX group, and LOFF is one of the actively traded names in that crowd.
  4. 04Direxion runs the bull and bear pair on SpaceX, adding LOFD in August 2026, so a trader can switch direction inside one lineup.direxion.com

Worth knowing

  1. 01Daily reset compounds. Hold past one session and the result can drift well away from 2X the stock's move over that stretch, up or down.direxion.com
  2. 02One stock, zero diversification. Direxion's own disclosure notes a holder can lose the entire investment in a single day if SPCX drops more than 50%.direxion.com
  3. 03It is not the cheapest seat. Other 2X long SpaceX funds, including SPCH and SPCU, charge less for the same daily multiple.

LOFF Holdings

As of Sep 22, 2026, 10:03 PM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
SPCX SWAP ASSET LEG (SPCXMLL)32.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SPCX SWAP ASSET LEG (SPCXMLL)32.34%454,243$69M1
002—DREYFUS GOVT CASH MAN INS19.76%42,155,030$42M108
003—SPCX SWAP ASSET LEG (SPCXHSL)14.56%204,500$31M1
004—GOLDMAN FINL SQ TRSRY INST 50613.14%28,028,567$28M100
005—SPCX SWAP ASSET LEG (SPCXMRL)11.75%165,000$25M1
006—SPCX SWAP ASSET LEG (SPCXBPL)8.07%113,396$17M1
007—SPCX SWAP ASSET LEG (SPCXNML)0.38%5,394$819K1

Showing 1–7 of 7 holdings

LOFF Performance

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

LOFF$8,385
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. LOFF $8,385. SPY $10,415. Use the arrow keys to read each point.$3,813$8,232$12,652Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 year—
1 month+24.2%
3 months−16.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−48.7%

Since listing, Jun 15, 2026

LOFF in the news

LOFF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.01 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. Jun 23, 2026 $0.01. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 30, 2026$0.01

LOFF Risk

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.

LOFF Cost

Expense ratio0.99%
  • The middle half of 2x Long SpaceX funds
  • Median 1.02%

2 of the 8 2x Long SpaceX funds charge less.

LOFF costs $99.00 a year on $10,000. The median 2x Long SpaceX fund costs $101.50.