SPAL ETF — GraniteShares 2x Long SpaceX Daily ETF

GraniteShares 2x Long SpaceX Daily ETF (SPAL)

Updated October 16, 2026.

SPAL is an ETF linked to SpaceX. its expense ratio is 1.50%. Total return is -54.8% over the past 0.3 years, 56.4 points behind SPY at 1.6%.

GraniteShares 2x Long SpaceX Daily ETF is a leveraged fund that aims to deliver twice the daily performance of SpaceX stock through swap agreements and other financial instruments with equivalent economic characteristics. The fund does not distribute income to shareholders, has an expense ratio of 1.50%, and maintains a modest asset base. This fund is designed for traders and experienced investors seeking amplified exposure to SpaceX's price movements on a short-term basis, rather than for long-term income or buy-and-hold investing.

SPAL performance versus SPY

Price and return data through 2026-10-16.

Total return is -54.8% over the past 0.3 years, 56.4 points behind SPY at 1.6%.

SPAL key facts

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

06/12/2026

Expense ratio

1.50%

Distribution frequency

None

Last close

$15.73 (as of 2026-10-16)

AUM

$51,855,085

Average volume

1086359.0

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 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: GraniteShares; Index: SpaceX; 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.

SPAL risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider SPAL — and who may not

It is a weaker fit for investors who need monthly cash flow (SPAL does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SPAL

• All tickers starting with S

Tagged: Leverage.

Frequently asked questions

More securities from GraniteShares.