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LOFD ETF — Direxion Daily SpaceX Bear 2X ETF
Direxion Daily SpaceX Bear 2X ETF (LOFD)
Updated October 16, 2026.
LOFD is an ETF linked to SpaceX (SPCX). its trailing-12-month yield is 0.31%, its expense ratio is 0.97%. Total return is -50.8% over the past 0.2 years, 77.9 points behind SPCX at 27.1%.
Direxion Daily SpaceX Bear 2X is a leveraged inverse ETF that seeks daily investment results of negative 200% of SpaceX's daily performance, making it a bearish bet on the space company with two times daily leverage. The fund distributes quarterly, though its latest distribution was special and may not recur regularly; it carries a modest expense ratio of 0.97%. This ETF appeals to traders and investors seeking short-term hedges against or bearish exposure to SpaceX, rather than those seeking stable long-term income.
LOFD dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (0.31%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.02. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-22 | $0.02 | — |
| 2026 YTD total (partial launch year) | $0.02 | — |
LOFD holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: SPCX (physical holdings below may be collateral and options, not the reference asset itself).
LOFD performance versus SPCX
Price and return data through 2026-10-16.
Total return is -50.8% over the past 0.2 years, 77.9 points behind SPCX at 27.1%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 0.5% | — |
| YTD | -50.8% | — |
| Since inception (0.2 years) | -50.8% | — |
LOFD key facts
- Issuer
- Direxion
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 08/06/2026
- Expense ratio
- 0.97%
- Distribution frequency
- Quarterly
- Trailing yield
- 0.31%
- Last close
- $6.43 (as of 2026-10-16)
- AUM
- $2,028,220
- Average volume
- 168021.0
- Dividend
- $0.02
- Ex-dividend date
- 09/22/2026
- Payment date
- 09/29/2026
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.31%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Direxion or company page; Index: SpaceX (SPCX); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
LOFD risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPCX over the available window.
Who may consider LOFD — and who may not
It is a weaker fit for investors who need monthly cash flow (LOFD pays quarterly); investors whose main goal is matching SPCX total return. This is educational context, not a recommendation to buy or sell.
More on LOFD
Frequently asked questions
Does LOFD pay monthly?
No. LOFD currently pays quarterly, not monthly.
What is LOFD linked to?
LOFD is linked to SpaceX (SPCX), not a broad market index.
What is LOFD's expense ratio?
LOFD's expense ratio is 0.97%.
When does LOFD pay a dividend?
LOFD pays quarterly. The dividend amount is $0.02. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.
How has LOFD performed?
Total return is -50.8% over the past 0.2 years, 77.9 points behind SPCX at 27.1%.
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Holdings as-of date unavailable.
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