Data as of .
FBL vs METU: which held to its multiple?
Over the days both have traded, FBL finished 1.2 points from its stated multiple and METU 1.2.
ETFIQ Decay Resistance Score: FBL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| FBL | METU | FBL | METU | FBL | METU | |
| 1 month | +22.7% | +22.7% | +23.9% | +23.9% | −1.2 pts | −1.2 pts |
| 3 months | +21.0% | +20.9% | +28.8% | +28.8% | −7.8 pts | −7.9 pts |
| 6 months | −3.5% | −3.9% | +11.5% | +11.5% | −15.1 pts | −15.4 pts |
| 1 year | −42.0% | −42.6% | −26.8% | −26.8% | −15.1 pts | −15.8 pts |
| 3 years | +108.8% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | +643.3% | −1.5% | not meaningful | +63.8% | not meaningful | −65.3 pts |
| FBL GraniteShares 2x Long META Daily ETF Aims to return twice the daily move of Meta Platforms (META) | METU Direxion Daily META Bull 2X ETF Aims to return twice the daily move of Meta Platforms (META) | |
|---|---|---|
| Issuer | GraniteShares | Direxion |
| Sets out to return | +2x | +2x |
| On | META | META |
| Segment | company | company |
| Fund returned, 3 months | +21.0% | +20.9% |
| Underlying returned, 3 months | +14.4% | +14.4% |
| What the stated multiple implies, 3 months | +28.8% | +28.8% |
| Difference from stated, 3 months | −7.8 pts | −7.9 pts |
| Fund returned, 1 year or since launch | −42.0% | −42.6% |
| Difference from stated, over that window | −15.1 pts | −15.8 pts |
| Underlying volatility | 47% | 47% |
| Difference over the days both have traded | −1.2 pts | −1.2 pts |
| Expense ratio | 1.09% | 1.02% |
| Launched | Dec 13, 2022 | Jun 5, 2024 |
FBL in plain words
Three months to Sep 11, 2026: FBL returned +21.0% where its own daily promise gave +24.0%, 3.0 points short. Read the multiple against the whole window instead and +2 times META's 14.4% implies +28.8%, which makes FBL look 7.8 points short. 4.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. FBL aims to return +2 times META'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. META moved at 47% 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.
METU in plain words
Three months to Sep 11, 2026: METU returned +20.9% where its own daily promise gave +24.0%, 3.1 points short. Read the multiple against the whole window instead and +2 times META's 14.4% implies +28.8%, which makes METU look 7.9 points short. METU aims to return +2 times META's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, FBL or METU?
- Over the window to Sep 11, 2026, FBL finished 7.8 points from what its multiple implies and METU finished 7.9 points from its own, so FBL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are FBL and METU levered on the same thing?
- Yes. Both are levered on Meta Platforms, FBL at +2 times and METU at +2 times the daily move.
- Which one decays faster, FBL or METU?
- Decay follows how much the underlying moves about. Over this window FBL’s moved at 47% annualized and METU’s at 47%, so FBL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold FBL or METU 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.
- Which is cheaper, FBL or METU?
- FBL charges 1.09% a year and METU charges 1.02%, so METU is cheaper. Fees come from each fund's prospectus.
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.
Cite this page. ETFIQ, FBL against METU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/FBL-METU Free to use with attribution; the underlying files are at Open data.