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LOFF vs SPAL

Direxion Daily SpaceX Bull 2X ETF

LOFFBNYSE Arca

GraniteShares 2x Long SpaceX Daily ETF

SPALDCboe

Overlap

0.0%by weight

Expense ratio

LOFF −0.56pt a year

LOFF0.97%SPAL1.53%

Avg volume · 30D

LOFF 1.6×the volume

LOFF2.14MSPAL1.34M

LOFF vs SPAL Performance

Jul 31, 2026 – Nov 2, 2026

+34.0%LOFF+36.0%SPAL

Jul 31, 2026 to Nov 2, 2026. LOFF +34.0%. SPAL +36.0%. Use the arrow keys to read each point.0%75%100%125%Jul 2026Sep 2026Nov 2026
Expense ratio
LOFF 0.97%, better
SPAL 1.53%
Fund size
LOFF $80M
SPAL $30M
Holdings
LOFF 7
SPAL 2
Avg volume (30D)
LOFF 2.14M sh, better
SPAL 1.34M sh
NAV per share
LOFF $12.82
SPAL $13.05
52W range

ETF.net Grade

LOFF: Cost 67, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 67. SPAL: Cost 11, Risk 43, Mission not scored, Tradability 48, Holdings not scored, Durability 47.
Pillar letters and Scores for LOFF, SPAL, with each pillar’s weight
PillarLOFFSPAL
Cost30% weightB67HigherF11
Mission25% weightNot scoredNot scored
Risk15% weightD36C43Higher
Tradability15% weightC53HigherC48
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherC47

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. LOFF and SPAL 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 ›

LOFF ranks 4th and SPAL 8th of 9 funds in the 2x Long SpaceX Category.

  1. Rank 1ASSPCLeverage Shares 2X Short SPCX Daily ETFScore 83
  2. Rank 2ASPCHLeverage Shares 2X Long SPCX Daily ETFScore 77
  3. Rank 3BSPCFProShares Ultra SpaceXScore 66
  4. Rank 4BLOFFDirexion Daily SpaceX Bull 2X ETFScore 56
  5. Rank 5CLOFDDirexion Daily SpaceX Bear 2X ETFScore 40
  6. Rank 7DSPCMTradr 2X Long SpaceX Daily ETFScore 33
  7. Rank 8DSPALGraniteShares 2x Long SpaceX Daily ETFScore 29
  8. Rank 8DSPAXT-Rex 2X Long SpaceX Daily Target ETFScore 29

Our read on each fund

ETF.net Research

LOFFBDirexion Daily SpaceX Bull 2X ETF

SPALDGraniteShares 2x Long SpaceX Daily ETF

In short

LOFF Direxion's 2x daily bull on SpaceX, out June 15, 2026, days after the IPO. The leverage resets every night, which makes it a short-horizon lever on the stock rather than a long-term stake in the rocket company.

SPAL No data

Stated mandate

LOFF The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Space Exploration Technologies Corp. common shares.

SPAL No data

Why people hold it

  • LOFF Aims for 200% of SpaceX common shares' daily move, holding at least 80% of assets in SpaceX securities and swaps. No margin account, no options chain to manage.sec.gov
  • Costs 0.97% net of a waiver through September 1, 2027 (0.99% gross), below the median fee in its category.
  • Launched June 15, 2026, within days of SpaceX's IPO, and paired with a bear twin (LOFD) for traders who flip the view.direxion.comsec.gov
  • Lands in the upper half of a crowded field of leveraged SpaceX funds, and trades actively.

SPAL No data

Worth knowing

  • LOFF The daily reset compounds. Hold past one session and a choppy tape can leave you well short of 2x the period's move, even if SpaceX stock finishes higher.direxion.com
  • One newly public stock carries the whole ride, and swap agreements sit behind the leverage, so counterparties are part of the package.sec.gov
  • Cheaper 2x long SpaceX wrappers exist: SPCH at 0.75%, and SPCF at 0.95% net of a waiver through September 30, 2027.

SPAL No data

Full LOFF profile⁠

Full SPAL profile⁠

LOFF vs SPAL Holdings

How LOFF and SPAL differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of LOFF and 0.0% of SPAL.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for LOFF.

Country, concentration and asset class

Country by domicile

No country split for LOFF.

Concentration

Weight in the 10 largest Holdings

  • LOFF100.0%
  • SPAL100.0%

Securities held

  • LOFF1
  • SPAL1

Asset class

LOFF
Leveraged/Inverse
SPAL
Equity

Holdings

  • Only in LOFF1
  • In both0
  • Only in SPAL1

Only in LOFF

1 security, 16.7% of LOFF by weight

  • Goldman Finl Sq Trsry Inst 50616.69%

Only in SPAL

1 security, 66.7% of SPAL by weight

  • Spcx66.65%

Weight gaps

LOFF and SPAL share no securities.

All LOFF holdings⁠All 2 SPAL 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.

LOFF vs SPAL Cost

Overpaying SPAL vs LOFF

$8,508

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

  • LOFF 0.97%

    $18,198

  • SPAL 1.53%

    $26,706

$10,000
30 years

Cost over time

  • LOFF 0.97%
  • SPAL 1.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SPAL $26,706LOFF $18,198

Year by year

YearLOFFSPALOverpaying
10$1,712$2,639$927
20$6,443$9,685$3,242
30$18,198$26,706$8,508

Expense ratio

  • 0.97%LOFF, cheaper
  • 1.53%SPAL
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

LOFF 4th cheapest of 9 funds

SPAL 8th cheapest of 9 funds

LOFF vs SPAL Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
LOFF No data
SPAL None
Last payment
LOFF $0.02
SPAL No data
Ex-dividend
LOFF Sep 22, 2026
SPAL No data
Paid on
LOFF Sep 29, 2026
SPAL No data
Frequency
LOFF Quarterly
SPAL No data

Distribution history

Per share, 2026, same scale for both

LOFFQuarterly · 2 paymentsAll LOFF payments⁠
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.$0$0.032026YTD
SPALAll SPAL payments⁠

No distribution history available.

LOFF vs SPAL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

LOFF and SPAL in the news

All news⁠

Popular comparisons

  • LOFFBvsSSPCA

    Direxion Daily SpaceX Bull 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.

  • SPALDvsSSPCA

    GraniteShares 2x Long SpaceX Daily ETF · Leverage Shares 2X Short SPCX Daily ETF

    Expense ratio
    1.53% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LOFFBvsSPCHA

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

  • SPALDvsSPCHA

    GraniteShares 2x Long SpaceX Daily ETF · Leverage Shares 2X Long SPCX Daily ETF

    Expense ratio
    1.53% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • LOFFBvsSPCFB

    Direxion Daily SpaceX Bull 2X ETF · ProShares Ultra SpaceX

    Expense ratio
    0.97% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SPALDvsSPCFB

    GraniteShares 2x Long SpaceX Daily ETF · ProShares Ultra SpaceX

    Expense ratio
    1.53% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.