{"url":"https://etfiq.com/compare/leverage/fbl-vs-fbx","section":"compare","title":"FBL vs FBX: which held to its multiple? | ETFIQ","description":"FBL sets out to return +2 times META each day and FBX +2 times. Over the three months to Sep 30, 2026 they finished \u22127.7 pts and \u22128.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, FBL or FBX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, FBL finished 7.7 points from what its multiple implies and FBX finished 8.1 points from its own, so FBL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are FBL and FBX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Meta Platforms, FBL at +2 times and FBX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, FBL or FBX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window FBL\u2019s moved at 49% annualized and FBX\u2019s at 49%, so FBL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold FBL or FBX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, FBL or FBX?","acceptedAnswer":{"@type":"Answer","text":"FBL charges 1.09% a year and FBX charges 0.45%, so FBX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"FBL vs FBX","item":"https://etfiq.com/compare/leverage/fbl-vs-fbx"}]},{"@type":"WebPage","name":"FBL vs FBX: which held to its multiple?","description":"FBL sets out to return +2 times META each day and FBX +2 times. Over the three months to Sep 30, 2026 they finished \u22127.7 pts and \u22128.1 pts away.","url":"https://etfiq.com/compare/leverage/fbl-vs-fbx","dateModified":"2026-09-30","abstract":"Over the days both have traded, FBL finished 1.9 points from its stated multiple and FBX 2.0.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of FBL and FBX","description":"FBL sets out to return +2 times META each day and FBX +2 times. Over the three months to Sep 30, 2026 they finished \u22127.7 pts and \u22128.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/fbl-vs-fbx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6595,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / FBL vs FBX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FBL vs FBX: which held to its multiple?\n\n Over the days both have traded, FBL finished 1.9 points from its stated multiple and FBX 2.0.\n Copy this for sharing \n \n GraniteShares 2x Long META Daily ETF and Corgi META 2x Daily ETF.\n\n Download as PDF \n\n +29.1% FBL returned, 3 months \n +28.7% FBX returned, 3 months \n \u22127.7 pts FBL from its stated multiple \n \u22128.1 pts FBX from its stated multiple \n\n ETFIQ Decay Resistance Score: FBL scores higher\n Did it keep up with its own daily","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/fbl-vs-fbx","a":{"ticker":"FBL","name":"GraniteShares 2x Long META Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: FBL returned +29.1% where its own daily promise gave +32.2%, 3.1 points short.","url":"https://etfiq.com/funds/fbl","key_facts":[{"label":"What META did","value":"+18.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+32.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+29.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$181m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.09%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"FBX","name":"Corgi META 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: FBX returned +28.7% where its own daily promise gave +32.2%, 3.5 points short.","url":"https://etfiq.com/funds/fbx","key_facts":[{"label":"What META did","value":"+18.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+32.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+28.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$608,284","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/fbl-vs-fbx"}