Data as of .
METG vs METU: which held to its multiple?
Over the days both have traded, METG finished 1.4 points from its stated multiple and METU 1.2.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| METG | METU | METG | METU | METG | METU | |
| 1 month | +22.5% | +22.7% | +23.9% | +23.9% | −1.4 pts | −1.2 pts |
| 3 months | not published | +20.9% | not published | +28.8% | not published | −7.9 pts |
| 6 months | not published | −3.9% | not published | +11.5% | not published | −15.4 pts |
| 1 year | not published | −42.6% | not published | −26.8% | not published | −15.8 pts |
| Since launch | +4.1% | −1.5% | +10.5% | +63.8% | −6.4 pts | −65.3 pts |
| METG Leverage Shares 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 | Leverage Shares | Direxion |
| Sets out to return | +2x | +2x |
| On | META | META |
| Segment | company | company |
| Fund returned, 3 months | +22.5% | +20.9% |
| Underlying returned, 3 months | +11.9% | +14.4% |
| What the stated multiple implies, 3 months | +23.9% | +28.8% |
| Difference from stated, 3 months | −1.4 pts | −7.9 pts |
| Fund returned, 1 year or since launch | +4.1% | −42.6% |
| Difference from stated, over that window | −6.4 pts | −15.8 pts |
| Underlying volatility | 36% | 47% |
| Difference over the days both have traded | −1.4 pts | −1.2 pts |
| Expense ratio | 0.75% | 1.02% |
| Launched | Jul 7, 2026 | Jun 5, 2024 |
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. 0.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. METG 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.
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. 4.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. METU aims to return +2 times META's move each day, then resets. META moved at 47% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, METG or METU?
- Over the window to Sep 11, 2026, METG finished 1.4 points from what its multiple implies and METU finished 7.9 points from its own, so METG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are METG and METU levered on the same thing?
- Yes. Both are levered on Meta Platforms, METG at +2 times and METU at +2 times the daily move.
- Which one decays faster, METG or METU?
- Decay follows how much the underlying moves about. Over this window METG’s moved at 36% annualized and METU’s at 47%, so METU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold METG 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, METG or METU?
- METG charges 0.75% a year and METU charges 1.02%, so METG 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, METG against METU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/METG-METU Free to use with attribution; the underlying files are at Open data.