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

Over the window to Sep 30, 2026, METG finished 1.3 points from what its multiple implies and METU finished 7.5 points from its own, so METG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are METG and METU levered on the same thing?

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

Which one decays faster, METG or METU?

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

Can I hold METG 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, METG or METU?

METG charges 0.75% a year and METU charges 1.02%, so METG is cheaper. Fees come from each fund's prospectus.

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METG vs METU: which held to its multiple?

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

+28.1%

METG returned, since launch

+29.3%

METU returned, 3 months

−7.7 pts

METG from its stated multiple

−7.5 pts

METU from its stated multiple

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%

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%

Performance, window by window

	Total return		Multiple would give		Difference
Window	METG	METU	METG	METU	METG	METU
1 month	+54.9%	+55.6%	+53.6%	+53.6%	+1.3 pts	+2.0 pts
3 months	not published	+29.3%	not published	+36.8%	not published	−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 METG Jul 2026 · METU Jun 2024	+28.1%	+20.9%	+35.8%	+95.4%	−7.7 pts	−74.5 pts

METG 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

METG

Leverage Shares 2X Long META 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 Leverage Shares Direxion

Sets out to return +2x +2x

Underlying asset META META

Segment company company

Fund returned, 3 months or since launch +54.9% +29.3%

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

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

Difference from stated, over that window +1.3 pts −7.5 pts

Fund returned, 1 year or since launch +28.1% −26.0%

Difference from stated, over that window −7.7 pts −24.2 pts

Underlying volatility 55% 49%

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

Expense ratio 0.75% 1.02%

Launched Jul 7, 2026 Jun 5, 2024

Net assets $3m $551m

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

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. 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 55% 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. META moved at 49% annualized over that window.

Questions people ask

Which came closer to its stated multiple, METG or METU?: Over the window to Sep 30, 2026, METG finished 1.3 points from what its multiple implies and METU finished 7.5 points from its own, so METG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are METG and METU levered on the same thing?: Yes. Both are levered on Meta Platforms, METG at +2 times and METU at +2 times the daily move.
Which one decays faster, METG or METU?: Decay follows how much the underlying moves about. Over this window METG’s moved at 55% annualized and METU’s at 49%, so METG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold METG 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, METG or METU?: METG charges 0.75% a year and METU charges 1.02%, so METG is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

METG filings on SEC EDGAR ↗METG prospectus with the expense ratio (SEC) ↗Leverage Shares 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, METG against METU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/metg-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.