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

Over the window to Sep 30, 2026, FBX finished 8.1 points from what its multiple implies and METU finished 7.5 points from its own, so METU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are FBX and METU levered on the same thing?

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

Which one decays faster, FBX or METU?

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

Can I hold FBX 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, FBX or METU?

FBX charges 0.45% a year and METU charges 1.02%, so FBX is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

FBX vs METU: which held to its multiple?

Over the days both have traded, FBX finished 2.0 points from its stated multiple and METU 2.0. Corgi META 2x Daily ETF and Direxion Daily META Bull 2X ETF.

+28.7%

FBX returned, 3 months

+29.3%

METU returned, 3 months

−8.1 pts

FBX from its stated multiple

−7.5 pts

METU 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%

METU · 3 months to Sep 30, 20267.5 pts short of its stated multiple

METU returned +29.3% while 2 times META's move would have been +36.8%

ETFIQ Decay Resistance Score · METU scores higherDid it keep up with its own daily multiple, compounded day by day?

FBX 29.7

METU 41.7

0.1, the lowest in this set99.9, the highest

A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	FBX	METU	FBX	METU	FBX	METU
1 month	+55.6%	+55.6%	+53.6%	+53.6%	+2.0 pts	+2.0 pts
3 months	+28.7%	+29.3%	+36.8%	+36.8%	−8.1 pts	−7.5 pts
6 months	not published	+35.0%	not published	+50.8%	not published	−15.8 pts
1 year	not published	−26.0%	not published	−1.9%	not published	−24.2 pts
Since launch FBX Jun 2026 · METU Jun 2024	+51.2%	+20.9%	+57.7%	+95.4%	−6.4 pts	−74.5 pts

FBX and METU 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)

METU

Direxion Daily META Bull 2X ETF · Aims to return twice the daily move of Meta Platforms (META)

Issuer Corgi Direxion

Sets out to return +2x +2x

Underlying asset META META

Segment company company

Fund returned, 3 months or since launch +28.7% +29.3%

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

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

Difference from stated, over that window −8.1 pts −7.5 pts

Fund returned, 1 year or since launch +51.2% −26.0%

Difference from stated, over that window −6.4 pts −24.2 pts

Underlying volatility 49% 49%

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

Expense ratio 0.45% 1.02%

Launched Jun 30, 2026 Jun 5, 2024

Net assets $608,284 $551m

FBX and METU 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.

METU in plain words

Three months to Sep 30, 2026: METU returned +29.3% where its own daily promise gave +32.2%, 3.0 points short. Read the multiple against the whole window instead and 2 times META's 18.4% implies +36.8%, which makes METU look 7.5 points short. METU aims to return +2 times META's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, FBX or METU?: Over the window to Sep 30, 2026, FBX finished 8.1 points from what its multiple implies and METU finished 7.5 points from its own, so METU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are FBX and METU levered on the same thing?: Yes. Both are levered on Meta Platforms, FBX at +2 times and METU at +2 times the daily move.
Which one decays faster, FBX or METU?: Decay follows how much the underlying moves about. Over this window FBX’s moved at 49% annualized and METU’s at 49%, so FBX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold FBX 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, FBX or METU?: FBX charges 0.45% a year and METU charges 1.02%, so FBX is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

FBX on its own →METU 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 ↗METU filings on SEC EDGAR ↗METU prospectus with the expense ratio (SEC) ↗Direxion 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 METU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/fbx-vs-metu

Open data

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