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LOFDDirexion Daily SpaceX Bear 2X ETF

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Seeks daily investment results of -200% of the daily performance of SpaceX.

Annual Cost

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Fund Size

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Return (1Y)Goal

N/A

Track Record

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What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Inverse

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of -200% of the daily performance of SpaceX.
Strategy
Invests at least 80% of net assets in financial instruments, including swaps and options, to provide -200% daily inverse exposure to SpaceX. Concentrated in the communication services sector, the Fund rebalances daily to maintain this exposure.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-15