Which came closer to its stated multiple, LOFF or SSPC?

Over the window to Sep 11, 2026, LOFF finished 3.1 points from what its multiple implies and SSPC finished 3.8 points from its own, so LOFF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are LOFF and SSPC levered on the same thing?

Yes. Both are levered on Space Exploration Technologies, LOFF at +2 times and SSPC at -2 times the daily move.

Which one decays faster, LOFF or SSPC?

Decay follows how much the underlying moves about. Over this window LOFF’s moved at 43% annualized and SSPC’s at 43%, so LOFF has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold LOFF or SSPC for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

LOFF vs SSPC: which held to its multiple?

Over a month against its own daily promise, LOFF finished 1.7 points short and SSPC 0.1 points over.

Direxion Daily SpaceX Bull 2X ETF and Leverage Shares 2X Short SPCX Daily ETF, side by side, leveraged ETFs on ETFIQ.

−50.6%LOFF returned, 3 months

−1.4%SSPC returned, 3 months

−7.7 ptsLOFF from its stated multiple

−44.3 ptsSSPC from its stated multiple

LOFF3.1 pts short of its label · 1 month to Sep 11, 2026

SSPC3.8 pts short of its label · 1 month to Sep 11, 2026

Performance, window by window

LOFF and SSPC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	LOFF	SSPC	LOFF	SSPC	LOFF	SSPC
1 month	+3.8%	−10.7%	+6.9%	−6.9%	−3.1 pts	−3.8 pts
Since launch	−50.6%	−1.4%	−42.9%	+42.9%	−7.7 pts	−44.3 pts

Open the live comparison on ETFIQ

LOFF and SSPC on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	LOFF Direxion Daily SpaceX Bull 2X ETF Aims to return twice the daily move of Space Exploration Technologies (SPCX)	SSPC Leverage Shares 2X Short SPCX Daily ETF Aims to return twice the opposite of the daily move of Space Exploration Technologies (SPCX)
Issuer	Direxion	Leverage Shares
Sets out to return	+2x	-2x
On	SPCX	SPCX
Segment	company	company
Fund returned, 3 months	+3.8%	−10.7%
Underlying returned, 3 months	+3.5%	+3.5%
What the stated multiple implies, 3 months	+6.9%	−6.9%
Difference from stated, 3 months	−3.1 pts	−3.8 pts
Fund returned, 1 year or since launch	−50.6%	−1.4%
Difference from stated, over that window	−7.7 pts	−44.3 pts
Underlying volatility	43%	43%
Difference over the days both have traded	−3.1 pts	−3.8 pts
Expense ratio	0.97%	not published
Launched	Jun 15, 2026	Jun 15, 2026

LOFF in plain words

One month to Sep 11, 2026: LOFF returned +3.8% where its own daily promise gave +5.5%, 1.7 points short. Read the multiple against the whole window instead and +2 times SPCX's 3.5% implies +6.9%, which makes LOFF look 3.1 points short. 1.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. LOFF aims to return +2 times SPCX's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. SPCX moved at 43% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

SSPC in plain words

One month to Sep 11, 2026: SSPC returned −10.7% where its own daily promise gave −10.8%, 0.1 points over. Read the multiple against the whole window instead and −2 times SPCX's 3.5% implies −6.9%, which makes SSPC look 3.8 points short. 3.9 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. SSPC aims to return -2 times SPCX's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.

Questions people ask

Which came closer to its stated multiple, LOFF or SSPC?: Over the window to Sep 11, 2026, LOFF finished 3.1 points from what its multiple implies and SSPC finished 3.8 points from its own, so LOFF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are LOFF and SSPC levered on the same thing?: Yes. Both are levered on Space Exploration Technologies, LOFF at +2 times and SSPC at -2 times the daily move.
Which one decays faster, LOFF or SSPC?: Decay follows how much the underlying moves about. Over this window LOFF’s moved at 43% annualized and SSPC’s at 43%, so LOFF has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold LOFF or SSPC for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

LOFF against SSPC, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, LOFF against SSPC, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/LOFF-SSPC Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources