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LOFF vs SPCF

Direxion Daily SpaceX Bull 2X ETF

LOFFBNYSE Arca

ProShares Ultra SpaceX

SPCFBNYSE Arca

Overlap

Expense ratio

SPCF −0.02pt a year

LOFF0.97%SPCF0.95%

Avg volume · 30D

SPCF 1.1×the volume

LOFF2.14MSPCF2.33M

LOFF vs SPCF Performance

Jul 31, 2026 – Oct 30, 2026

+30.7%LOFF+29.9%SPCF

Jul 31, 2026 to Oct 30, 2026. LOFF +30.7%. SPCF +29.9%. Use the arrow keys to read each point.0%50%75%100%125%Jul 2026Sep 2026Oct 2026
Expense ratio
LOFF 0.97%
SPCF 0.95%, better
Fund size
LOFF $92M
SPCF $74M
Holdings
LOFF 7
SPCF 1
Avg volume (30D)
LOFF 2.14M sh
SPCF 2.33M sh, better
NAV per share
LOFF $14.71
SPCF $12.63
52W range

ETF.net Grade

LOFF: Cost 67, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 67. SPCF: Cost 79, Risk 33, Mission not scored, Tradability 72, Holdings not scored, Durability 65.
Pillar letters and Scores for LOFF, SPCF, with each pillar’s weight
PillarLOFFSPCF
Cost30% weightB67A79Higher
Mission25% weightNot scoredNot scored
Risk15% weightD36HigherD33
Tradability15% weightC53A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherB65

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 SPCF 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 ›

SPCF ranks 3rd and LOFF 4th 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

Our read on each fund

ETF.net Research

LOFFBDirexion Daily SpaceX Bull 2X ETF

SPCFBProShares Ultra SpaceX

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.

SPCF ProShares launched SPCF on the day SpaceX went public: a 2x daily bet on a single newly listed stock, built from swaps plus actual SPCX shares, for 0.95% net of a waiver through September 30, 2027.

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.

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

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.
  • SPCF 0.95% net of a waiver through September 30, 2027 (1.04% gross): below the typical 2x SpaceX fee, and under Direxion's LOFF at 0.97% net of a waiver through September 1, 2027.
  • Magnifies a bullish SpaceX view without a margin account. ProShares builds the 2x exposure from swap agreements and shares of SPCX itself.proshares.comproshares.com 2
  • From the house with the largest leveraged and inverse ETF lineup, and it ranks among the stronger builds in the 2x SpaceX group.proshares.com

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.
  • SPCF Exposure resets daily, so over longer stretches compounding can push results far from 2x SpaceX's move. ProShares states the fund seeks its result for a single day only.proshares.comproshares.com 2
  • Leverage Shares' SPCH targets the same 2x long SpaceX exposure at 0.75%, with no waiver propping up the number.
  • Live only since June 2026, so there is a short record for judging how tightly it hits its daily target.

Full LOFF profile⁠

Full SPCF profile⁠

LOFF vs SPCF 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 SPCF Cost

Overpaying LOFF vs SPCF

$329

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

  • LOFF 0.97%

    $18,198

  • SPCF 0.95%

    $17,869

$10,000
30 years

Cost over time

  • LOFF 0.97%
  • SPCF 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LOFF $18,198SPCF $17,869

Year by year

YearLOFFSPCFOverpaying
10$1,712$1,678$34
20$6,443$6,322$121
30$18,198$17,869$329

Expense ratio

  • 0.97%LOFF
  • 0.95%SPCF, cheaper
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

SPCF 3rd cheapest of 9 funds

LOFF 4th cheapest of 9 funds

LOFF vs SPCF Dividends

Last 12 months to Oct 30, 2026
Last payment
LOFF $0.02
SPCF $0.08
Ex-dividend
LOFF Sep 22, 2026
SPCF Sep 23, 2026
Paid on
LOFF Sep 29, 2026
SPCF Sep 29, 2026
Frequency
LOFF Quarterly
SPCF Irregular

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$0.052026YTD
SPCFIrregular · 1 paymentAll SPCF payments⁠
One bar per payment. 1 payment in 2026 YTD. Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$0.052026YTD

LOFF vs SPCF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

LOFF and SPCF in the news

All news⁠

Popular comparisons

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