{"url":"https://etfiq.com/compare/leverage/loff-vs-snk","section":"compare","title":"LOFF vs SNK: which held to its multiple? | ETFIQ","description":"LOFF sets out to return +2 times SPCX each day and SNK -2 times. Over the three months to Sep 30, 2026 they finished \u221213.9 pts and \u221234.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, LOFF or SNK?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, LOFF finished 13.9 points from what its multiple implies and SNK finished 34.2 points from its own, so LOFF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are LOFF and SNK levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Space Exploration Technologies, LOFF at +2 times and SNK at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, LOFF or SNK?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window LOFF\u2019s moved at 70% annualized and SNK\u2019s at 70%, so LOFF has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold LOFF or SNK for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, LOFF or SNK?","acceptedAnswer":{"@type":"Answer","text":"LOFF charges 0.97% a year and SNK charges 2.20%, so LOFF is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"LOFF vs SNK","item":"https://etfiq.com/compare/leverage/loff-vs-snk"}]},{"@type":"WebPage","name":"LOFF vs SNK: which held to its multiple?","description":"LOFF sets out to return +2 times SPCX each day and SNK -2 times. Over the three months to Sep 30, 2026 they finished \u221213.9 pts and \u221234.2 pts away.","url":"https://etfiq.com/compare/leverage/loff-vs-snk","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, LOFF finished 3.7 points short and SNK 0.5 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of LOFF and SNK","description":"LOFF sets out to return +2 times SPCX each day and SNK -2 times. Over the three months to Sep 30, 2026 they finished \u221213.9 pts and \u221234.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/loff-vs-snk","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7050,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / LOFF vs SNK \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n LOFF vs SNK: which held to its multiple?\n\n Over three months against its own daily promise, LOFF finished 3.7 points short and SNK 0.5 points short.\n Copy this for sharing \n \n Direxion Daily SpaceX Bull 2X ETF and GraniteShares 2x Short SpaceX Daily ETF.\n\n Download as PDF \n\n \u221222.3% LOFF returned, 3 months \n \u221225.7% SNK returned, 3 months \n \u221213.9 pts LOFF from its stated multiple \n \u221234.2 pts SNK from its stated multiple \n\n ETFIQ Decay Resistance Score: LOFF scores higher\n D","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/loff-vs-snk","a":{"ticker":"LOFF","name":"Direxion Daily SpaceX Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: LOFF returned \u221222.3% where its own daily promise gave \u221218.6%, 3.7 points short.","url":"https://etfiq.com/funds/loff","key_facts":[{"label":"What SPCX did","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221218.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221222.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$77m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 8, 2026"}]},"b":{"ticker":"SNK","name":"GraniteShares 2x Short SpaceX Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SNK returned \u221225.7% where its own daily promise gave \u221225.1%, 0.5 points short.","url":"https://etfiq.com/funds/snk","key_facts":[{"label":"What SPCX did","value":"\u22124.2%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221225.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221225.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$60m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"2.20%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 12, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/loff-vs-snk"}