SEPM vs SPAL

Comparison between FT VEST U.S. EQUITY MAX BUFFER ETF - SEPTEMBER (SEPM, ETF) and GraniteShares 2x Long SpaceX Daily ETF (SPAL, ETF).

SEPM vs SPAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SEPM(ETF)	SPAL(ETF)
Net Assets	$31M	$31M
Expense Ratio	0.85%	N/A
Max Drawdown	3.88%	67.60%
Sharpe Ratio	1.02	-5.90
5Y Beta	0.19	4.84

Net Assets

SEPM

$31M

Winner

SPAL

$31M

Expense Ratio

SEPM

0.85%

SPAL

N/A

Max Drawdown

Winner

SEPM

3.88%

SPAL

67.60%

Sharpe Ratio

Winner

SEPM

1.02

SPAL

-5.90

5Y Beta

Winner

SEPM

0.19

SPAL

4.84

SEPM vs SPAL - Historical Returns

Returns include dividend reinvestment.

Period	SEPM	SPAL
1 month	+0.50%	-39.09%
3 months	+2.05%	N/A
6 months	+3.40%	N/A
1 year	+6.48%	N/A
Max(CAGR)	+6.08%	-100.00%

Winner

SEPM

+0.50%

SPAL

-39.09%

SEPM

+2.05%

SPAL

N/A

SEPM

+3.40%

SPAL

N/A

SEPM

+6.48%

SPAL

N/A

Max(CAGR)

Winner

SEPM

+6.08%

SPAL

-100.00%

SEPM vs SPAL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	SEPM	SPAL
2026	+3.55%	-62.82%
2025	+6.52%	N/A
2024	+0.82%	N/A

SEPM vs SPAL Drawdown Comparison

The maximum drawdown for SEPM was -3.88%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.

The maximum drawdown for SPAL was -67.60%, occurring on Jul 20, 2026. This drawdown has not yet recovered.

The current SEPM drawdown is -0.02%. The current SPAL drawdown is -65.72%.

Rank	SEPM	SPAL
#1	-3.88% Feb 19, 2025 - May 14, 2025	-67.60% Jun 16, 2026 - Jul 20, 2026
#2	-1.82% Feb 25, 2026 - Apr 9, 2026	N/A
#3	-1.07% Oct 28, 2025 - Dec 3, 2025	N/A
#4	-0.68% Dec 4, 2024 - Jan 15, 2025	N/A
#5	-0.62% May 19, 2025 - Jun 2, 2025	N/A
#6	-0.56% Oct 8, 2025 - Oct 20, 2025	N/A
#7	-0.55% Jan 28, 2026 - Feb 9, 2026	N/A
#8	-0.54% Jan 9, 2026 - Jan 27, 2026	N/A
#9	-0.52% Jun 2, 2026 - Jun 15, 2026	N/A
#10	-0.50% Oct 18, 2024 - Nov 6, 2024	N/A
#11	-0.40% Dec 11, 2025 - Dec 19, 2025	N/A
#12	-0.40% Nov 8, 2024 - Nov 22, 2024	N/A
#13	-0.39% Feb 9, 2026 - Feb 25, 2026	N/A
#14	-0.39% Jun 16, 2026 - Jun 30, 2026	N/A
#15	-0.37% Jul 28, 2025 - Aug 6, 2025	N/A

Correlation

Correlation between SEPM and SPAL is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101