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SPALGraniteShares 2x Long SpaceX Daily ETF

Take a betNewRanked #484 of 926 in this goal

Seeks daily investment results of 2 times the daily percentage change of SpaceX common stock.

By Graniteshares · Launched 2026

Annual Cost

1.50%

#5,699 of 5,822 · expensive

Fund Size

$31M

#4,119 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
$2,599-74.0%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Strategy

Leveraged

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
84.8%
Other
15.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-74.0%Severe

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 SpaceX common stock.
Strategy
Actively managed ETF aiming to replicate 200% of the daily performance of SpaceX common stock through swaps and options. Concentrated in aerospace and defense, satellite communications, social media, and AI infrastructure industries.
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.

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 2026-08-01