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LOFD vs SPCH

Direxion Daily SpaceX Bear 2X ETF

LOFDCNYSE Arca

Leverage Shares 2X Long SPCX Daily ETF

SPCHACboe

Overlap

Expense ratio

SPCH −0.22pt a year

LOFD0.97%SPCH0.75%

Avg volume · 30D

SPCH 170.2×the volume

LOFD156KSPCH26.6M

LOFD vs SPCH Performance

Sep 30, 2026 – Oct 30, 2026

+12.9%LOFD−24.5%SPCH

Sep 30, 2026 to Oct 30, 2026. LOFD +12.9%. SPCH −24.5%. Use the arrow keys to read each point.−10%0%20%30%Sep 30Oct 15Oct 30
Expense ratio
LOFD 0.97%
SPCH 0.75%, better
Fund size
LOFD $2M
SPCH $390M
Holdings
LOFD 2
SPCH 7
Avg volume (30D)
LOFD 156K sh
SPCH 26.6M sh, better
NAV per share
LOFD $6.35
SPCH $7.60
52W range

ETF.net Grade

LOFD: Cost 67, Risk 47, Mission not scored, Tradability 8, Holdings not scored, Durability 27. SPCH: Cost 92, Risk 33, Mission not scored, Tradability 97, Holdings not scored, Durability 59.
Pillar letters and Scores for LOFD, SPCH, with each pillar’s weight
PillarLOFDSPCH
Cost30% weightB67A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightC47HigherD33
Tradability15% weightF8A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD27B59Higher

Rank among 2x Long SpaceX funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LOFD and SPCH are both graded against the same 9 2x Long SpaceX funds, so their Grades compare head to head.

2x Long SpaceX⁠

Category · 9 funds
See all 9 ›

SPCH ranks 2nd and LOFD 5th of 9 funds in the 2x Long SpaceX Category.

  1. Rank 1ASSPCLeverage Shares 2X Short SPCX Daily ETFScore 84
  2. Rank 2ASPCHLeverage Shares 2X Long SPCX Daily ETFScore 77
  3. Rank 3BSPCFProShares Ultra SpaceXScore 65
  4. Rank 4BLOFFDirexion Daily SpaceX Bull 2X ETFScore 56
  5. Rank 5CLOFDDirexion Daily SpaceX Bear 2X ETFScore 40
  6. Rank 6CSNKGraniteShares 2x Short SpaceX Daily ETFScore 39

Our read on each fund

ETF.net Research

LOFDCDirexion Daily SpaceX Bear 2X ETF

SPCHALeverage Shares 2X Long SPCX Daily ETF

In short

LOFD No data

SPCH The SpaceX leverage shelf got crowded fast. SPCH was on it from day one, aiming for twice the stock's daily move through swaps, at 0.75% a year, less than most rivals charge.

Stated mandate

LOFD No data

SPCH The fund seeks daily investment results equal to twice the daily performance of SpaceX stock, before fees and expenses.

Why people hold it

LOFD No data

  • SPCH Costs 0.75% a year, under Direxion's LOFF (0.99%) and ProShares' SPCF (1.04%) for the same 2x daily SpaceX trade.
  • Built to start trading with SpaceX's IPO, with its first day of 2x exposure struck off the IPO price. One of the original ways to play the stock at 2x.sec.gov
  • Among the busier tickers in the SpaceX leverage group, which matters when the product is designed around single-day holds.leverageshares.com
  • Its mirror image, SSPC, runs the same machinery at -2x for the same 0.75% fee, so you can flip direction without changing issuers.leverageshares.com

Worth knowing

LOFD No data

  • SPCH Leverage resets daily. Hold past one day and the result compounds, so it can drift from 2x the stock's move over that stretch.leverageshares.com
  • 2x cuts both ways: a hard down day in SpaceX stock lands twice as hard here, and this is a young, volatile stock.sec.gov
  • Exposure runs through swaps and options rather than shares, which adds counterparty risk. No distributions so far.leverageshares.com

Full LOFD profile⁠

Full SPCH profile⁠

LOFD vs SPCH Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LOFD vs SPCH Cost

Overpaying LOFD vs SPCH

$3,716

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

  • LOFD 0.97%

    $18,198

  • SPCH 0.75%

    $14,482

$10,000
30 years

Cost over time

  • LOFD 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$20K051015202530LOFD $18,198SPCH $14,482

Year by year

YearLOFDSPCHOverpaying
10$1,712$1,336$376
20$6,443$5,078$1,365
30$18,198$14,482$3,716

Expense ratio

  • 0.97%LOFD
  • 0.75%SPCH, cheaper
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SPCH cheapest of 9 funds

LOFD 4th cheapest of 9 funds

LOFD vs SPCH Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
LOFD No data
SPCH None
Last payment
LOFD $0.02
SPCH No data
Ex-dividend
LOFD Sep 22, 2026
SPCH No data
Paid on
LOFD Sep 29, 2026
SPCH No data
Frequency
LOFD Irregular
SPCH No data

Distribution history

Per share, 2026, same scale for both

LOFDIrregular · 1 paymentAll LOFD payments⁠
One bar per payment. 1 payment in 2026 YTD. Sep 22, 2026 $0.02. Use the arrow keys to read each point.$0$0.022026YTD
SPCHAll SPCH payments⁠

No distribution history available.

LOFD vs SPCH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

Market sensitivityBeta, 5 years
LOFD 0.00SPCH 0.00Same figure. Both funds show the same value, so neither comes out ahead.

LOFD and SPCH in the news

All news⁠

Popular comparisons

  • LOFDCvsSSPCA

    Direxion Daily SpaceX Bear 2X ETF · Leverage Shares 2X Short SPCX Daily ETF

    Expense ratio
    0.97% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SPCHAvsSSPCA

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    Expense ratio
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    Category
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  • LOFDCvsSPCFB

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    Expense ratio
    0.97% · 0.95%
    Category
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  • SPCHAvsSPCFB

    Leverage Shares 2X Long SPCX Daily ETF · ProShares Ultra SpaceX

    Expense ratio
    0.75% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LOFDCvsLOFFB

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    Expense ratio
    0.97% · 0.97%
    Category
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  • SPCHAvsLOFFB

    Leverage Shares 2X Long SPCX Daily ETF · Direxion Daily SpaceX Bull 2X ETF

    Expense ratio
    0.75% · 0.97%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.