# METU (Direxion Daily META Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: METU returned +20.9% where its own daily promise gave +24.0%, 3.1 points short.

## Key facts

- METU, what META did: +14.4%, as of Sep 11, 2026.
- METU, what +2 times a day gives: +24.0%, as of Sep 11, 2026.
- METU, what the fund returned: +20.9%, as of Sep 11, 2026.
- METU, the fund itself cost: −3.1 pts, as of Sep 11, 2026.
- METU, net assets: $415m (source, as filed for Apr 30, 2026).
- METU, expense ratio: 1.02% (485BPOS XBRL, Feb 26, 2026).

## METU over each window to Sep 11, 2026

| Window | Fund | META | +2x the move | Difference | META moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +22.7% | +11.9% | +23.9% | −1.2 pts | 36% |
| 3 months | +20.9% | +14.4% | +28.8% | −7.9 pts | 47% |
| 6 months | −3.9% | +5.8% | +11.5% | −15.4 pts | 44% |
| 1 year | −42.6% | −13.4% | −26.8% | −15.8 pts | 39% |
| Since launch | −1.5% | +31.9% | +63.8% | −65.3 pts | 38% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of META, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.45 times, against +2 stated | ETFIQ |
| Underlying | META | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $415m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.02% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jun 5, 2024 | ETFIQ |
| Underlying volatility over the window | 47% annualized | ETFIQ |

## Questions

### Did METU return +2 times META?

Over the window to Sep 11, 2026, META moved +14.4% and METU returned +20.9%. 2 times that move is +28.8%, so the fund came out 7.9 points short of it.

### Why does METU not return +2 times over a year?

Because it resets daily. METU aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x META ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, METU, data as of Sep 11, 2026. https://etfiq.com/funds/METU
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/METU  ·  JSON: https://etfiq.com/funds/METU.json