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

Over the window to Sep 30, 2026, METD finished 0.9 points from what its multiple implies and METU finished 7.5 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 METU levered on the same thing?

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

Which one decays faster, METD or METU?

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

Can I hold METD 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, METD or METU?

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

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METD vs METU: which held to its multiple?

Over three months against its own daily promise, METD finished 1.2 points over and METU 3.0 points short. Direxion Daily META Bear 1X ETF and Direxion Daily META Bull 2X ETF.

−19.3%

METD returned, 3 months

+29.3%

METU returned, 3 months

−0.9 pts

METD from its stated multiple

−7.5 pts

METU 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%

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?

METD among the 125 inverse ETFs over three months

METD 32.4

0.4, the lowest in this set99.6, the highest

METU among the 470 leveraged ETFs, long, over three months

METU 41.7

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

A percentile among the 125 inverse ETFs over three months. METU is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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	METD	METU	METD	METU	METD	METU
1 month	−23.0%	+55.6%	−26.8%	+53.6%	+3.8 pts	+2.0 pts
3 months	−19.3%	+29.3%	−18.4%	+36.8%	−0.9 pts	−7.5 pts
6 months	−25.9%	+35.0%	−25.4%	+50.8%	−0.5 pts	−15.8 pts
1 year	−9.7%	−26.0%	+0.9%	−1.9%	−10.7 pts	−24.2 pts
Since launch METD Jun 2024 · METU Jun 2024	−42.9%	+20.9%	−47.7%	+95.4%	+4.8 pts	−74.5 pts

METD 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

METD

Direxion Daily META Bear 1X ETF · Aims to return 1 times the opposite of 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 Direxion Direxion

Sets out to return -1x +2x

Underlying asset META META

Segment company company

Fund returned, 3 months or since launch −19.3% +29.3%

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

What the stated multiple implies, over that window −18.4% +36.8%

Difference from stated, over that window −0.9 pts −7.5 pts

Fund returned, 1 year or since launch −9.7% −26.0%

Difference from stated, over that window −10.7 pts −24.2 pts

Underlying volatility 49% 49%

Difference over the days both have traded no shared window +2.0 pts

Expense ratio 1.02% 1.02%

Launched Jun 5, 2024 Jun 5, 2024

Net assets $16m $551m

METD and METU 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.

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. 4.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. METU 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.

Questions people ask

Which came closer to its stated multiple, METD or METU?: Over the window to Sep 30, 2026, METD finished 0.9 points from what its multiple implies and METU finished 7.5 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 METU levered on the same thing?: Yes. Both are levered on Meta Platforms, METD at -1 times and METU at +2 times the daily move.
Which one decays faster, METD or METU?: Decay follows how much the underlying moves about. Over this window METD’s moved at 49% annualized and METU’s at 49%, so METD has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold METD 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, METD or METU?: METD charges 1.02% a year and METU charges 1.02%, so METD is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

METD and METU filings on SEC EDGAR ↗METD and 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, METD against METU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/metd-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.