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LOFF vs SPCM

Direxion Daily SpaceX Bull 2X ETF

LOFFBNYSE Arca

Tradr 2X Long SpaceX Daily ETF

SPCMDCboe

Overlap

0.0%by weight

Expense ratio

LOFF −0.52pt a year

LOFF0.97%SPCM1.49%

Avg volume · 30D

LOFF 2.1×the volume

LOFF2.14MSPCM1.01M

LOFF vs SPCM Performance

Jul 31, 2026 – Nov 2, 2026

+34.0%LOFF+35.9%SPCM

Jul 31, 2026 to Nov 2, 2026. LOFF +34.0%. SPCM +35.9%. Use the arrow keys to read each point.0%75%100%125%Jul 2026Sep 2026Nov 2026
Expense ratio
LOFF 0.97%, better
SPCM 1.49%
Fund size
LOFF $80M
SPCM $19M
Holdings
LOFF 7
SPCM 2
Avg volume (30D)
LOFF 2.14M sh, better
SPCM 1.01M sh
NAV per share
LOFF $12.82
SPCM $13.58
52W range

ETF.net Grade

LOFF: Cost 67, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 67. SPCM: Cost 28, Risk 43, Mission not scored, Tradability 33, Holdings not scored, Durability 37.
Pillar letters and Scores for LOFF, SPCM, with each pillar’s weight
PillarLOFFSPCM
Cost30% weightB67HigherD28
Mission25% weightNot scoredNot scored
Risk15% weightD36C43Higher
Tradability15% weightC53HigherD33
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherD37

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 SPCM 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 SPCM 7th 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 6DSNKGraniteShares 2x Short SpaceX Daily ETFScore 37
  7. Rank 7DSPCMTradr 2X Long SpaceX Daily ETFScore 33
  8. Rank 8DSPALGraniteShares 2x Long SpaceX Daily ETFScore 29

Our read on each fund

ETF.net Research

LOFFBDirexion Daily SpaceX Bull 2X ETF

SPCMDTradr 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.

SPCM Leveraged SpaceX trading got crowded fast. SPCM is Tradr's long side: swaps-backed exposure aiming for 2x the stock's daily move before fees, reset every session. The recipe is standard for the aisle, so the 1.49% price tag is what sets it apart.

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.

SPCM The fund seeks daily investment results equal to two times the daily performance of Space Exploration Technologies Corp. common shares before fees and expenses. Its objective applies only over a trading day.

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.
  • SPCM The mandate is narrow and legible: 2x the daily move of SpaceX common shares (SPCX) before fees, one trading day at a time. No index, no basket, no black box.tradretfs.com
  • Geared single-stock exposure inside a registered 1940 Act ETF, so it's a brokerage ticket instead of a margin account or a swap line.tradretfs.com
  • Sees active trading, which matters on a daily-reset product where the spread you pay is part of the cost.

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.
  • SPCM Priced at 1.49%, above rivals chasing the same daily 2x target: LOFF at 0.99%, SPCH at 0.75%, SPCU at 0.00%. Same recipe, higher toll.
  • The 2x objective applies to one session. Hold longer and compounding plus SpaceX's own volatility can push results away from 2x the period move.tradretfs.com
  • Fund and reference stock are both new (2026), so there is little trading history to show how the exposure behaves under stress.direxion.com

Full LOFF profile⁠

Full SPCM profile⁠

LOFF vs SPCM Holdings

How LOFF and SPCM differ

Overlap by weight

0.0%

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

Level by level

  • Holdings0 in both0.0%
  • Asset classLeveraged/Inverse100%

Sector

No Sector split for LOFF and SPCM.

Country, concentration and asset class

Country by domicile

No country split for LOFF and SPCM.

Concentration

Weight in the 10 largest Holdings

  • LOFF100.0%
  • SPCM106.2%

Securities held

  • LOFF1
  • SPCM2

Asset class

LOFF
Leveraged/Inverse
SPCM
Leveraged/Inverse

Holdings

  • Only in LOFF1
  • In both0
  • Only in SPCM2

Only in LOFF

1 security, 16.7% of LOFF by weight

  • Goldman Finl Sq Trsry Inst 50616.69%

Only in SPCM

2 securities, 100% of SPCM by weight

  • Cashusd88.72%
  • Cfd Space Exploration Techn-Cl A17.52%

Weight gaps

LOFF and SPCM share no securities.

All LOFF holdings⁠All SPCM 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 SPCM Cost

Overpaying SPCM vs LOFF

$7,943

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

  • LOFF 0.97%

    $18,198

  • SPCM 1.49%

    $26,141

$10,000
30 years

Cost over time

  • LOFF 0.97%
  • SPCM 1.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SPCM $26,141LOFF $18,198

Year by year

YearLOFFSPCMOverpaying
10$1,712$2,574$862
20$6,443$9,464$3,021
30$18,198$26,141$7,943

Expense ratio

  • 0.97%LOFF, cheaper
  • 1.49%SPCM
  • Middle half of 2x Long SpaceX funds
  • Median 0.97%

LOFF 4th cheapest of 9 funds

SPCM 6th cheapest of 9 funds

LOFF vs SPCM Dividends

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

No distribution history available.

LOFF vs SPCM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

LOFF and SPCM in the news

All news⁠

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