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Launched

GraniteShares 2x Long SpaceX Daily ETF

SPALCboeGraniteSharesDThis 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.

$13.36+0.31 (+2.38%)

At close: Nov 2, 2026, 4:00 PM ET

D29/ 100

Rank 11 of 12 in 2x Long SpaceX

D29/100Rank 11 of 12in2x Long SpaceX
Intraday session: up, 79 prints from 13.05 to 13.36. Range 13.35 to 14.37. Use the arrow keys to read each point.13.7514.0014.2510 AM12 PM2 PM4 PM
Expense ratio
1.53%*
Fund size
$30M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
1.34M sh
52W range
low $8.91high $46.57
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 2.81%.

The ETF.net SPAL Grade

Based on 4 of 6 pillars

D

Score 29 out of 100

Category
2x Long SpaceX⁠
Rank
11 of 12
Six-pillar profile for SPAL. Scores out of 100: Cost 11, Risk 43, Mission not scored, Tradability 48, Holdings not scored, Durability 47. Strongest: Tradability (48). Weakest: Cost (11). Based on 4 of 6 pillars.

Score 29 of 100 falls in the D 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.
    F11 out of 100
    Rank 11 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.
    C43 out of 100
    Rank 6 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 7 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.
    C47 out of 100
    Rank 8 of 12

SPAL 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.
SPAL$13,605
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. SPAL $13,605. SPY $10,093. Use the arrow keys to read each point.$10,000$15,000$20,000Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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 SPAL. Periods over one year show the average yearly return.
PeriodSPAL
Year to dateFund launched this yearNo data
1 month−29.3%
3 months+36.0%
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 SPAL
YearReturn barSPAL
2026 YTD−61.6%

Since listing, Jun 15, 2026

SPAL in the news

SPAL 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 Nov 2, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Jun 2026. No distributions yet.

SPAL Risk

Risk pillarC43 out of 100Rank 6 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.

SPAL Cost

Compare SPAL and SPCH

Overpaying vs SPCH, tied cheapest in 2x Long SpaceX

$12,224

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

  • SPAL 1.53%

    $26,706

  • SPCH 0.75% Tied cheapest

    $14,482

$10,000
30 years

Cost over time

  • SPAL 1.53%
  • SPCH 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SPAL $26,706SPCH $14,482

Year by year

YearSPALSPCHOverpaying
10$2,639$1,336$1,303
20$9,685$5,078$4,607
30$26,706$14,482$12,224
How the 1.53% is worked out

Full fee 2.81%− waiver 1.28%= you pay 1.53%

The waiver ends Dec 31, 2027. After that the fee is 2.81% unless GraniteShares renews it. Source: prospectus, Oct 2026.

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