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Launched

GraniteShares ETF Trust - GraniteShares 2x Long SpaceX Daily ETF

SPALCboeDThis 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.

$18.14−1.64 (−8.29%)

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

D36/ 100

Rank 8 of 12 in 2x Long SpaceX

D36/100Rank 8 of 12in2x Long SpaceX
Intraday session: down, 77 prints from 19.78 to 18.14. Range 18.02 to 19.04. Use the arrow keys to read each point.18.5019.0019.5010 AM12 PM2 PM4 PM
Expense ratio
1.50%
Fund size
$40M
1Y total return
—
Yield · Last 12 months
—
Holdings
2
Avg volume · 30D
1.6M sh
NAV per share
$19.77
52W range
low $8.91high $46.57
Launched

The ETF.net SPAL Grade

Based on 4 of 6 pillars

D

Score 36 out of 100

Category
2x Long SpaceX⁠
Rank
8 of 12
Six-pillar profile for SPAL. Scores out of 100: Cost 24, Risk 55, Mission not scored, Tradability 39, Holdings not scored, Durability 50. Strongest: Risk (55). Weakest: Cost (24). Based on 4 of 6 pillars.

Score 36 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.
    F24 out of 100
    Rank 8 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.
    B55 out of 100
    Rank 4 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 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.
    C50 out of 100
    Rank 6 of 12

SPAL Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
100%
Largest holding
SPCX66.6%

Sectors

  • Industrials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPCXSpcx66.58%484,410$79M287
002—US Dollars33.42%39,734,578$40M85

Showing 1–2 of 2 holdings

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$10,974
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. SPAL $10,974. SPY $10,332. Use the arrow keys to read each point.$4,646$8,768$12,890Jul 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 SPAL. Periods over one year show the average yearly return.
PeriodSPAL
Year to dateFund launched this year—
1 month+17.4%
3 months+9.7%
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 SPAL
YearReturn barSPAL
2026 YTD−42.7%

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 Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

SPAL 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.

SPAL Cost

Expense ratio1.50%
  • The middle half of 2x Long SpaceX funds
  • Median 1.04%

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

SPAL costs $150.00 a year on $10,000. The median 2x Long SpaceX fund costs $104.00.

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