{"url":"https://etfiq.com/compare/leverage/fbl-vs-metd","section":"compare","title":"FBL vs METD: which held to its multiple? | ETFIQ","description":"FBL sets out to return +2 times META each day and METD -1 times. Over the three months to Sep 30, 2026 they finished \u22127.7 pts and \u22120.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, FBL or METD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, FBL finished 7.7 points from what its multiple implies and METD finished 0.9 points from its own, so METD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are FBL and METD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Meta Platforms, FBL at +2 times and METD at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, FBL or METD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window FBL\u2019s moved at 49% annualized and METD\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 METD 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 METD?","acceptedAnswer":{"@type":"Answer","text":"FBL charges 1.09% a year and METD charges 1.02%, so METD 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 METD","item":"https://etfiq.com/compare/leverage/fbl-vs-metd"}]},{"@type":"WebPage","name":"FBL vs METD: which held to its multiple?","description":"FBL sets out to return +2 times META each day and METD -1 times. Over the three months to Sep 30, 2026 they finished \u22127.7 pts and \u22120.9 pts away.","url":"https://etfiq.com/compare/leverage/fbl-vs-metd","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, FBL finished 3.1 points short and METD 1.2 points over.","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 METD","description":"FBL sets out to return +2 times META each day and METD -1 times. Over the three months to Sep 30, 2026 they finished \u22127.7 pts and \u22120.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/fbl-vs-metd","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":7209,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / FBL vs METD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FBL vs METD: which held to its multiple?\n\n Over three months against its own daily promise, FBL finished 3.1 points short and METD 1.2 points over.\n Copy this for sharing \n \n GraniteShares 2x Long META Daily ETF and Direxion Daily META Bear 1X ETF.\n\n Download as PDF \n\n +29.1% FBL returned, 3 months \n \u221219.3% METD returned, 3 months \n \u22127.7 pts FBL from its stated multiple \n \u22120.9 pts METD from its stated multiple \n\n ETFIQ Decay Resistance Score: FBL scores higher\n Did it kee","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-metd","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":"METD","name":"Direxion Daily META Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: METD returned \u221219.3% where its own daily promise gave \u221220.5%, 1.2 points over.","url":"https://etfiq.com/funds/metd","key_facts":[{"label":"What META did","value":"+18.4%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221220.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221219.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$16m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.02%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 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-metd"}