# METU (Direxion Daily META Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: METU returned +29.3% where its own daily promise gave +32.2%, 3.0 points short.

## Key facts

- METU, what META did: +18.4%, as of Sep 30, 2026.
- METU, what 2 times a day gives: +32.2%, as of Sep 30, 2026.
- METU, what the fund returned: +29.3%, as of Sep 30, 2026.
- METU, the fund itself cost: −3.0 pts, as of Sep 30, 2026.
- METU, net assets: $551m (issuer page, as of Sep 30, 2026).
- METU, expense ratio: 1.02% (485BPOS XBRL, Feb 26, 2026).

## METU over each window to Sep 30, 2026

| Window | Fund | META | +2x the move | Difference | META moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +55.6% | +26.8% | +53.6% | +2.0 pts | 55% |
| 3 months | +29.3% | +18.4% | +36.8% | −7.5 pts | 49% |
| 6 months | +35.0% | +25.4% | +50.8% | −15.8 pts | 46% |
| 1 year | −26.0% | −0.9% | −1.9% | −24.2 pts | 42% |
| Since launch | +20.9% | +47.7% | +95.4% | −74.5 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 | +1.59 times, against +2 stated | ETFIQ |
| Underlying | META | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $551m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.02% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jun 5, 2024 | ETFIQ |
| Underlying volatility over the window | 49% annualized | ETFIQ |

## Questions

### Did METU return +2 times META?

Over the window to Sep 30, 2026, META moved +18.4% and METU returned +29.3%. 2 times that move is +36.8%, so the fund came out 7.5 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 figure itself.


## Cite this page

ETFIQ, METU, data as of Sep 30, 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