SPAL: GraniteShares 2x Long SpaceX Daily ETF
Performance
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Summary
SPAL at a glance
SPAL returned -59.23% since Jun 15, 2026. Its worst drop since then was -74.91%, smaller than 6% of ETFs on Redstone, and its Sharpe ratio of -0.73 beats 14% of ETFs on Redstone. It hasn't paid a dividend since it listed.
Current Drawdown
-62.41%
Rolling Volatility
147.42%
Metrics
Risk Indicators*
Profile
About SPAL
The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Space Exploration Technologies Corp. d/b/a SpaceX (Nasdaq: SPCX). The Fund is an actively managed exchange-traded fund that attempts to replicate 2 times (200%) the daily percentage change of the Underlying Stock by entering into financial instruments such as swaps and options on the Underlying Stock as well as directly purchasing the Underlying Stock.
From its prospectus, filed Oct 28, 2026- Category
- Leveraged
- Expense ratio
- 1.53%
- Tracks
- 2× SPCX daily
- Inception
- Jun 2026
Comparisons