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LOFF vs SPCH

Direxion Daily SpaceX Bull 2X ETF

LOFFBNYSE Arca

Leverage Shares 2X Long SPCX Daily ETF

SPCHACboe

Overlap

Expense ratio

SPCH −0.22pt a year

LOFF0.97%SPCH0.75%

Avg volume · 30D

SPCH 12.4×the volume

LOFF2.14MSPCH26.6M

LOFF vs SPCH Performance

Jul 31, 2026 – Oct 30, 2026

+30.7%LOFF+29.7%SPCH

Jul 31, 2026 to Oct 30, 2026. LOFF +30.7%. SPCH +29.7%. Use the arrow keys to read each point.0%50%75%100%125%Jul 2026Sep 2026Oct 2026
Expense ratio
LOFF 0.97%
SPCH 0.75%, better
Fund size
LOFF $92M
SPCH $390M
Holdings
LOFF 7
SPCH 7
Avg volume (30D)
LOFF 2.14M sh
SPCH 26.6M sh, better
NAV per share
LOFF $14.71
SPCH $7.60
52W range

ETF.net Grade

LOFF: Cost 67, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 67. SPCH: Cost 92, Risk 33, Mission not scored, Tradability 97, Holdings not scored, Durability 59.
Pillar letters and Scores for LOFF, SPCH, with each pillar’s weight
PillarLOFFSPCH
Cost30% weightB67A92Higher
Mission25% weightNot scoredNot scored
Risk15% weightD36HigherD33
Tradability15% weightC53A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherB59

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 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 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

SPCHALeverage Shares 2X Long SPCX 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.

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

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

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

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.
  • 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

  • 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.
  • 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 LOFF profile⁠

Full SPCH profile⁠

LOFF 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.

LOFF vs SPCH Cost

Overpaying LOFF vs SPCH

$3,716

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

  • LOFF 0.97%

    $18,198

  • SPCH 0.75%

    $14,482

$10,000
30 years

Cost over time

  • LOFF 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$20K051015202530LOFF $18,198SPCH $14,482

Year by year

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

Expense ratio

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

SPCH cheapest of 9 funds

LOFF 4th cheapest of 9 funds

LOFF vs SPCH Dividends

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

No distribution history available.

LOFF vs SPCH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

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.

  • SPCHAvsSSPCA

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    Expense ratio
    0.75% · 0.75%
    Category
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  • LOFFBvsSPCFB

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    Expense ratio
    0.97% · 0.95%
    Category
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  • SPCHAvsSPCFB

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

  • LOFFBvsLOFDC

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    Expense ratio
    0.97% · 0.97%
    Category
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  • SPCHAvsLOFDC

    Leverage Shares 2X Long SPCX Daily ETF · Direxion Daily SpaceX Bear 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.