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

Over the window to Sep 30, 2026, METQ finished 10.8 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 METQ and METU levered on the same thing?

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

Which one decays faster, METQ or METU?

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

Can I hold METQ 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, METQ or METU?

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

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METQ vs METU: which held to its multiple?

Over a month against its own daily promise, METQ finished 0.2 points over and METU 1.2 points short. Tradr 2X Short META Daily ETF and Direxion Daily META Bull 2X ETF.

−48.5%

METQ returned, since launch

+29.3%

METU returned, 3 months

+18.5 pts

METQ from its stated multiple

−7.5 pts

METU from its stated multiple

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%

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	METQ	METU	METQ	METU	METQ	METU
1 month	−42.8%	+55.6%	−53.6%	+53.6%	+10.8 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 METQ Aug 2026 · METU Jun 2024	−48.5%	+20.9%	−67.0%	+95.4%	+18.5 pts	−74.5 pts

METQ 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

METQ

Tradr 2X Short META Daily ETF · Aims to return twice 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 Tradr Direxion

Sets out to return -2x +2x

Underlying asset META META

Segment company company

Fund returned, 3 months or since launch −42.8% +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 +10.8 pts −7.5 pts

Fund returned, 1 year or since launch −48.5% −26.0%

Difference from stated, over that window +18.5 pts −24.2 pts

Underlying volatility 55% 49%

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

Expense ratio 1.49% 1.02%

Launched Aug 18, 2026 Jun 5, 2024

Net assets $8m $551m

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

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 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. 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.

Questions people ask

Which came closer to its stated multiple, METQ or METU?: Over the window to Sep 30, 2026, METQ finished 10.8 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 METQ and METU levered on the same thing?: Yes. Both are levered on Meta Platforms, METQ at -2 times and METU at +2 times the daily move.
Which one decays faster, METQ or METU?: Decay follows how much the underlying moves about. Over this window METQ’s moved at 55% annualized and METU’s at 49%, so METQ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold METQ 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, METQ or METU?: METQ charges 1.49% a year and METU charges 1.02%, so METU is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

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