Skip to content
Beacon

SNKGraniteShares 2x Short SpaceX Daily ETF

Take a betNewRanked #454 of 926 in this goal

Seeks daily investment results of -2 times the daily percentage change of Space Exploration Technologies Corp. (SpaceX).

By Graniteshares · Launched 2026

Annual Cost

2.20%

#5,775 of 5,822 · expensive

Fund Size

$38M

#3,914 of 5,822 · small

Return (1Y)Goal

N/A

Track Record

2 months

#5,664 of 5,822 · young

Performance

Total-return NAV · USD
Growth of $10,000
$28,014+180.1%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Inverse

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

State Street Instl Trs Pls MMkt PremierTPIXX
0.0%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-22.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks daily investment results of -2 times the daily percentage change of Space Exploration Technologies Corp. (SpaceX).
Strategy
Actively managed ETF aiming to replicate -200% of the daily percentage change of SpaceX through swaps and options. Focuses on daily performance, with exposure concentrated in aerospace and defense, satellite communications, and artificial intelligence infrastructure.
Inception date
June 12, 2026
Fund family
Graniteshares

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

What's next?

You've looked at SNK. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-01