Data as of .
METD vs METQ: which held to its multiple?
METD returns -1 times META each day and METQ -2 times, and they share no window yet.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| METD | METQ | METD | METQ | METD | METQ | |
| 1 month | −11.1% | not published | −11.9% | not published | +0.8 pts | not published |
| 3 months | −16.1% | not published | −14.4% | not published | −1.6 pts | not published |
| 6 months | −11.7% | not published | −5.8% | not published | −5.9 pts | not published |
| 1 year | +5.8% | not published | +13.4% | not published | −7.6 pts | not published |
| Since launch | −34.8% | −31.0% | −31.9% | −38.4% | −2.9 pts | +7.4 pts |
| METD Direxion Daily META Bear 1X ETF Aims to return 1 times the opposite of the daily move of Meta Platforms (META) | METQ Tradr 2X Short META Daily ETF Aims to return twice the opposite of the daily move of Meta Platforms (META) | |
|---|---|---|
| Issuer | Direxion | Tradr |
| Sets out to return | -1x | -2x |
| On | META | META |
| Segment | company | company |
| Fund returned, 3 months | −16.1% | −31.0% |
| Underlying returned, 3 months | +14.4% | +19.2% |
| What the stated multiple implies, 3 months | −14.4% | −38.4% |
| Difference from stated, 3 months | −1.6 pts | +7.4 pts |
| Fund returned, 1 year or since launch | +5.8% | −31.0% |
| Difference from stated, over that window | −7.6 pts | +7.4 pts |
| Underlying volatility | 47% | 29% |
| Expense ratio | not published | 1.49% |
| Launched | Jun 5, 2024 | Aug 18, 2026 |
METD in plain words
Three months to Sep 11, 2026: METD returned −16.1% where its own daily promise gave −17.2%, 1.2 points over. Read the multiple against the whole window instead and −1 times META's 14.4% implies −14.4%, which makes METD look 1.6 points short. 2.8 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. METD aims to return -1 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 -1 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.
METQ in plain words
Since launch to Sep 11, 2026: METQ returned −31.0% where its own daily promise gave −31.2%, 0.2 points over. Read the multiple against the whole window instead and −2 times META's 19.2% implies −38.4%, which makes METQ look 7.4 points over. 7.2 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. METQ aims to return -2 times META's move each day, then resets. 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 29% annualized over that window.
Questions people ask
- Are METD and METQ levered on the same thing?
- Yes. Both are levered on Meta Platforms, METD at -1 times and METQ at -2 times the daily move.
- Can I hold METD or METQ 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.
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, METD against METQ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/METD-METQ Free to use with attribution; the underlying files are at Open data.