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Launched

Direxion Daily SpaceX Bull 2X ETF

LOFFNYSE ArcaBThis 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.

$17.87−1.61 (−8.26%)

At close: Oct 13, 2026, 4:00 PM

B62/ 100

Rank 3 of 12 in 2x Long SpaceX

B62/100Rank 3 of 12in2x Long SpaceX
Intraday session: down, 79 prints from 19.48 to 17.87. Range 17.75 to 18.77. Use the arrow keys to read each point.18.5019.0010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$79M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
7
Avg volume · 30D
2.1M sh
NAV per share
$19.29
52W range
low $8.86high $46.68
Launched

The ETF.net LOFF Grade

Based on 4 of 6 pillars

B

Score 62 out of 100

Category
2x Long SpaceX⁠
Rank
3 of 12
Six-pillar profile for LOFF. Scores out of 100: Cost 75, Risk 37, Mission not scored, Tradability 62, Holdings not scored, Durability 62. Strongest: Cost (75). Weakest: Risk (37). Based on 4 of 6 pillars.

Score 62 of 100 falls in the B 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.
    A75 out of 100
    Rank 3 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.
    D37 out of 100
    Rank 7 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 5 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.
    B62 out of 100
    Rank 2 of 12

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 Oct 13, 2026
Asset class
Other
Holdings
7
Top-10 weight
100%
Largest holding
Spcx Swap Asset Leg (Spcxmll)36.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Spcx Swap Asset Leg (Spcxmll)36.62%516,983$84M1
002—Spcx Swap Asset Leg (Spcxhsl)18.03%254,500$41M1
003—Dreyfus Govt Cash Man Ins16.63%38,171,821$38M108
004—Goldman Finl Sq Trsry Inst 50614.61%33,541,567$34M98
005—Spcx Swap Asset Leg (Spcxmrl)11.69%165,000$27M1
006—Spcx Swap Asset Leg (Spcxnml)1.66%23,494$4M1
007—Spcx Swap Asset Leg (Spcxbpl)0.75%10,635$2M1

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$10,724
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. LOFF $10,724. SPY $10,332. Use the arrow keys to read each point.$4,637$8,562$12,487Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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+13.4%
3 months+7.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−44.0%

Since listing, Jun 15, 2026

LOFF in the news

Filtered to LOFF · 2x Long SpaceX

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

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 1.04%

2 of the 9 2x Long SpaceX funds charge less.

LOFF costs $99.00 a year on $10,000. The median 2x Long SpaceX fund costs $104.00.

Other funds in 2x Long SpaceX

See others