Which came closer to its stated multiple, METD or METQ?

Over the window to Sep 30, 2026, METD finished 0.9 points from what its multiple implies and METQ finished 10.8 points from its own, so METD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are METD and METQ levered on the same thing?

Yes. Both are levered on Meta Platforms, METD at -1 times and METQ at -2 times the daily move.

Which one decays faster, METD or METQ?

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

Can I hold METD or METQ 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, METD or METQ?

METD charges 1.02% a year and METQ charges 1.49%, so METD is cheaper. Fees come from each fund's prospectus.

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METD vs METQ: which held to its multiple?

Over a month against its own daily promise, METD finished 0.3 points over and METQ 0.2 points over. Direxion Daily META Bear 1X ETF and Tradr 2X Short META Daily ETF.

−19.3%

METD returned, 3 months

−48.5%

METQ returned, since launch

−0.9 pts

METD from its stated multiple

+18.5 pts

METQ from its stated multiple

METD · 3 months to Sep 30, 20260.9 pts short of its stated multiple

METD returned −19.3% while −1 times META's move would have been −18.4%

METQ · 1 month to Sep 30, 202610.8 pts ahead of its stated multiple

METQ returned −42.8% while −2 times META's move would have been −53.6%

Performance, window by window

	Total return		Multiple would give		Difference
Window	METD	METQ	METD	METQ	METD	METQ
1 month	−23.0%	−42.8%	−26.8%	−53.6%	+3.8 pts	+10.8 pts
3 months	−19.3%	not published	−18.4%	not published	−0.9 pts	not published
6 months	−25.9%	not published	−25.4%	not published	−0.5 pts	not published
1 year	−9.7%	not published	+0.9%	not published	−10.7 pts	not published
Since launch METD Jun 2024 · METQ Aug 2026	−42.9%	−48.5%	−47.7%	−67.0%	+4.8 pts	+18.5 pts

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

On the same fields

METD

Direxion Daily META Bear 1X ETF · Aims to return 1 times the opposite of the daily move of Meta Platforms (META)

METQ

Tradr 2X Short META Daily ETF · Aims to return twice the opposite of the daily move of Meta Platforms (META)

Issuer Direxion Tradr

Sets out to return -1x -2x

Underlying asset META META

Segment company company

Fund returned, 3 months or since launch −19.3% −42.8%

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

What the stated multiple implies, over that window −18.4% −53.6%

Difference from stated, over that window −0.9 pts +10.8 pts

Fund returned, 1 year or since launch −9.7% −48.5%

Difference from stated, over that window −10.7 pts +18.5 pts

Underlying volatility 49% 55%

Expense ratio 1.02% 1.49%

Launched Jun 5, 2024 Aug 18, 2026

Net assets $16m $8m

METD and METQ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

METD in plain words

Three months to Sep 30, 2026: METD returned −19.3% where its own daily promise gave −20.5%, 1.2 points over. Read the multiple against the whole window instead and −1 times META's 18.4% implies −18.4%, which makes METD look 0.9 points short. 2.1 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. METD aims to return -1 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 -1 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.

METQ in plain words

One month to Sep 30, 2026: METQ returned −42.8% where its own daily promise gave −43.0%, 0.2 points over. Read the multiple against the whole window instead and −2 times META's 26.8% implies −53.6%, which makes METQ look 10.8 points over. 10.5 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. METQ aims to return -2 times META's move each day, then resets. 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 55% annualized over that window.

Questions people ask

Which came closer to its stated multiple, METD or METQ?: Over the window to Sep 30, 2026, METD finished 0.9 points from what its multiple implies and METQ finished 10.8 points from its own, so METD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are METD and METQ levered on the same thing?: Yes. Both are levered on Meta Platforms, METD at -1 times and METQ at -2 times the daily move.
Which one decays faster, METD or METQ?: Decay follows how much the underlying moves about. Over this window METD’s moved at 49% annualized and METQ’s at 55%, so METQ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold METD or METQ 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, METD or METQ?: METD charges 1.02% a year and METQ charges 1.49%, so METD is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

METD on its own →METQ on its own →How every figure is computed →Standards and sources →

Where these figures came from

METD filings on SEC EDGAR ↗METD prospectus with the expense ratio (SEC) ↗Direxion website ↗METQ filings on SEC EDGAR ↗METQ prospectus with the expense ratio (SEC) ↗Tradr 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, METD against METQ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/metd-vs-metq

Open data

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