Which came closer to its stated multiple, FBX or METG?

Over the window to Sep 30, 2026, FBX finished 8.1 points from what its multiple implies and METG finished 1.3 points from its own, so METG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are FBX and METG levered on the same thing?

Yes. Both are levered on Meta Platforms, FBX at +2 times and METG at +2 times the daily move.

Which one decays faster, FBX or METG?

Decay follows how much the underlying moves about. Over this window FBX’s moved at 49% annualized and METG’s at 55%, so METG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold FBX or METG 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, FBX or METG?

FBX charges 0.45% a year and METG charges 0.75%, so FBX is cheaper. Fees come from each fund's prospectus.

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FBX vs METG: which held to its multiple?

Over the days both have traded, FBX finished 2.0 points from its stated multiple and METG 1.3. Corgi META 2x Daily ETF and Leverage Shares 2X Long META Daily ETF.

+28.7%

FBX returned, 3 months

+28.1%

METG returned, since launch

−8.1 pts

FBX from its stated multiple

−7.7 pts

METG from its stated multiple

FBX · 3 months to Sep 30, 20268.1 pts short of its stated multiple

FBX returned +28.7% while 2 times META's move would have been +36.8%

METG · 1 month to Sep 30, 20261.3 pts ahead of its stated multiple

METG returned +54.9% while 2 times META's move would have been +53.6%

Performance, window by window

	Total return		Multiple would give		Difference
Window	FBX	METG	FBX	METG	FBX	METG
1 month	+55.6%	+54.9%	+53.6%	+53.6%	+2.0 pts	+1.3 pts
3 months	+28.7%	not published	+36.8%	not published	−8.1 pts	not published
Since launch FBX Jun 2026 · METG Jul 2026	+51.2%	+28.1%	+57.7%	+35.8%	−6.4 pts	−7.7 pts

FBX and METG over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FBX

Corgi META 2x Daily ETF · Aims to return twice the daily move of Meta Platforms (META)

METG

Leverage Shares 2X Long META Daily ETF · Aims to return twice the daily move of Meta Platforms (META)

Issuer Corgi Leverage Shares

Sets out to return +2x +2x

Underlying asset META META

Segment company company

Fund returned, 3 months or since launch +28.7% +54.9%

Underlying returned, over that window +18.4% +26.8%

What the stated multiple implies, over that window +36.8% +53.6%

Difference from stated, over that window −8.1 pts +1.3 pts

Fund returned, 1 year or since launch +51.2% +28.1%

Difference from stated, over that window −6.4 pts −7.7 pts

Underlying volatility 49% 55%

Difference over the days both have traded +2.0 pts +1.3 pts

Expense ratio 0.45% 0.75%

Launched Jun 30, 2026 Jul 7, 2026

Net assets $608,284 $3m

FBX and METG on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FBX in plain words

Three months to Sep 30, 2026: FBX returned +28.7% where its own daily promise gave +32.2%, 3.5 points short. Read the multiple against the whole window instead and 2 times META's 18.4% implies +36.8%, which makes FBX look 8.1 points short. 4.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. FBX 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 49% 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.

METG in plain words

One month to Sep 30, 2026: METG returned +54.9% where its own daily promise gave +56.8%, 1.9 points short. Read the multiple against the whole window instead and 2 times META's 26.8% implies +53.6%, which makes METG look 1.3 points over. 3.2 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. META moved at 55% annualized over that window.

Questions people ask

Which came closer to its stated multiple, FBX or METG?: Over the window to Sep 30, 2026, FBX finished 8.1 points from what its multiple implies and METG finished 1.3 points from its own, so METG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are FBX and METG levered on the same thing?: Yes. Both are levered on Meta Platforms, FBX at +2 times and METG at +2 times the daily move.
Which one decays faster, FBX or METG?: Decay follows how much the underlying moves about. Over this window FBX’s moved at 49% annualized and METG’s at 55%, so METG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold FBX or METG 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, FBX or METG?: FBX charges 0.45% a year and METG charges 0.75%, so FBX is cheaper. Fees come from each fund's prospectus.

Other comparisons

FBX vs METD FBX vs METQ FBX vs METU FBX vs FBL METG vs METQ METG vs METU METG vs METD METG vs FBL

FBX on its own →METG on its own →How every figure is computed →Standards and sources →

Where these figures came from

FBX filings on SEC EDGAR ↗FBX prospectus with the expense ratio (SEC) ↗Corgi website ↗METG filings on SEC EDGAR ↗METG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FBX against METG, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/fbx-vs-metg

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.