{"url":"https://etfiq.com/compare/leverage/fbl-vs-metq","section":"compare","title":"FBL vs METQ: which held to its multiple? | ETFIQ","description":"FBL sets out to return +2 times META each day and METQ -2 times. Over the month to Sep 30, 2026 they finished +1.9 pts and +10.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, FBL or METQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, FBL finished 7.7 points from what its multiple implies and METQ finished 10.8 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 METQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Meta Platforms, FBL at +2 times and METQ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, FBL or METQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window FBL\u2019s moved at 49% annualized and METQ\u2019s at 55%, so METQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold FBL or METQ 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 METQ?","acceptedAnswer":{"@type":"Answer","text":"FBL charges 1.09% a year and METQ charges 1.49%, so FBL 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 METQ","item":"https://etfiq.com/compare/leverage/fbl-vs-metq"}]},{"@type":"WebPage","name":"FBL vs METQ: which held to its multiple?","description":"FBL sets out to return +2 times META each day and METQ -2 times. Over the month to Sep 30, 2026 they finished +1.9 pts and +10.8 pts away.","url":"https://etfiq.com/compare/leverage/fbl-vs-metq","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, FBL finished 1.3 points short and METQ 0.2 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 METQ","description":"FBL sets out to return +2 times META each day and METQ -2 times. Over the month to Sep 30, 2026 they finished +1.9 pts and +10.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/fbl-vs-metq","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":6637,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / FBL vs METQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n FBL vs METQ: which held to its multiple?\n\n Over a month against its own daily promise, FBL finished 1.3 points short and METQ 0.2 points over.\n Copy this for sharing \n \n GraniteShares 2x Long META Daily ETF and Tradr 2X Short META Daily ETF.\n\n Download as PDF \n\n +29.1% FBL returned, 3 months \n \u221248.5% METQ returned, since launch \n \u22127.7 pts FBL from its stated multiple \n +18.5 pts METQ from its stated multiple \n\n FBL 7.7 pts short of its stated multiple \u00b7 3 months to Sep 30","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-metq","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":"METQ","name":"Tradr 2X Short META Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: METQ returned \u221242.8% where its own daily promise gave \u221243.0%, 0.2 points over.","url":"https://etfiq.com/funds/metq","key_facts":[{"label":"What META did","value":"+26.8%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221243.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221242.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 31, 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-metq"}