Data as of .
FBX vs METG: which held to its multiple?
Over the days both have traded, FBX finished 1.3 points from its stated multiple and METG 1.4.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| FBX | METG | FBX | METG | FBX | METG | |
| 1 month | +22.6% | +22.5% | +23.9% | +23.9% | −1.3 pts | −1.4 pts |
| Since launch | +23.2% | +4.1% | +30.1% | +10.5% | −6.9 pts | −6.4 pts |
| FBX Corgi META 2x Daily ETF Aims to return twice the daily move of Meta Platforms (META) | METG Leverage Shares 2X Long META Daily ETF Aims to return twice the daily move of Meta Platforms (META) | |
|---|---|---|
| Issuer | Corgi | Leverage Shares |
| Sets out to return | +2x | +2x |
| On | META | META |
| Segment | company | company |
| Fund returned, 3 months | +22.6% | +22.5% |
| Underlying returned, 3 months | +11.9% | +11.9% |
| What the stated multiple implies, 3 months | +23.9% | +23.9% |
| Difference from stated, 3 months | −1.3 pts | −1.4 pts |
| Fund returned, 1 year or since launch | +23.2% | +4.1% |
| Difference from stated, over that window | −6.9 pts | −6.4 pts |
| Underlying volatility | 36% | 36% |
| Difference over the days both have traded | −1.3 pts | −1.4 pts |
| Expense ratio | 0.45% | 0.75% |
| Launched | Jun 30, 2026 | Jul 7, 2026 |
FBX in plain words
One month to Sep 11, 2026: FBX returned +22.6% where its own daily promise gave +23.9%, 1.4 points short. Read the multiple against the whole window instead and +2 times META's 11.9% implies +23.9%, which makes FBX look 1.3 points short. 0.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. FBX 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 36% 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.
METG in plain words
One month to Sep 11, 2026: METG returned +22.5% where its own daily promise gave +23.9%, 1.4 points short. Read the multiple against the whole window instead and +2 times META's 11.9% implies +23.9%, which makes METG look 1.4 points short. METG aims to return +2 times META's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, FBX or METG?
- Over the window to Sep 11, 2026, FBX finished 1.3 points from what its multiple implies and METG finished 1.4 points from its own, so FBX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are FBX and METG levered on the same thing?
- Yes. Both are levered on Meta Platforms, FBX at +2 times and METG at +2 times the daily move.
- Which one decays faster, FBX or METG?
- Decay follows how much the underlying moves about. Over this window FBX’s moved at 36% annualized and METG’s at 36%, so FBX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold FBX or METG 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, FBX or METG?
- FBX charges 0.45% a year and METG charges 0.75%, so FBX 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, FBX against METG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/FBX-METG Free to use with attribution; the underlying files are at Open data.