LOFFDirexion Daily SpaceX Bull 2X ETF
Seeks daily investment results of 200% of the daily performance of SpaceX.
By Direxion Funds · Launched 2026
0.97%
#5,003 of 5,822 · expensive
$51M
#3,629 of 5,822 · mid-size
N/A
2 months
#5,664 of 5,822 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Leveraged
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
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 securities of SpaceX and financial instruments to provide 2X daily leveraged exposure. Concentrated in the communication services sector, the Fund rebalances daily to maintain its target exposure.
- Inception date
- June 12, 2026
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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.
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
What's next?
You've looked at LOFF. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-01