LOFF ETF — Direxion Daily SpaceX Bull 2X ETF

Direxion Daily SpaceX Bull 2X ETF (LOFF)

Updated October 16, 2026.

LOFF is an ETF linked to SpaceX (SPCX). its distribution rate is 0.62%, its trailing-12-month yield is 0.22%, its expense ratio is 0.97%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -55.4% over the past 0.3 years, 31.3 points behind SPCX at -24.1%.

This ETF seeks to deliver twice-daily leveraged exposure to SpaceX by investing at least 80% of its assets in SpaceX securities and derivative instruments like swaps and options; it is non-diversified and designed for short-term tactical trading rather than buy-and-hold investing. The fund carries a modest expense ratio of 0.97% and does not maintain a regular distribution schedule, though it has made special distributions. This leveraged, single-stock product appeals primarily to experienced traders seeking amplified short-term exposure to SpaceX's price movements, not to traditional income or long-term growth investors.

LOFF performance versus SPCX

Price and return data through 2026-10-16.

Total return is -55.4% over the past 0.3 years, 31.3 points behind SPCX at -24.1%.

LOFF key facts

Distribution Safety Score™

50 · Unproven

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

06/15/2026

Expense ratio

0.97%

Distribution rate

0.62%

Distribution frequency

Quarterly

Trailing yield

0.22%

Last close

$15.50 (stale; as of 2026-10-16)

AUM

$75,922,619

Average volume

1899600.0

Dividend

$0.024

Ex-dividend date

09/22/2026

Payment date

09/29/2026

How Dividend Vision calculates yield and returns

Distribution rate (0.62%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.22%) 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; 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.

LOFF risks and drawbacks

LOFF's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPCX over the available window.

Who may consider LOFF — and who may not

It is a weaker fit for investors who need monthly cash flow (LOFF pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPCX total return. This is educational context, not a recommendation to buy or sell.

More on LOFF

• All tickers starting with L

Tagged: Leverage, Single, Space.

Compare LOFF

LOFF vs similar funds:

• LOFF vs XSPC

Frequently asked questions

More securities from Direxion.