GraniteShares 2x Long META Daily ETF (FBL)
FBL is an actively managed ETF by GraniteShares. FBL launched on Dec 12, 2022 and has a 1.15% expense ratio.
ETF Info
ISIN | US38747R8438 |
---|---|
Issuer | GraniteShares |
Inception Date | Dec 12, 2022 |
Region | North America (U.S.) |
Category | Leveraged Equities, Leveraged |
Leveraged | 1x |
Index Tracked | No Index (Active) |
Asset Class | Equity |
Expense Ratio
FBL has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FBL vs. GGLL, FBL vs. METX, FBL vs. FNGU, FBL vs. MSFL, FBL vs. META, FBL vs. NVDL, FBL vs. SMH, FBL vs. USD, FBL vs. TQQQ, FBL vs. BAR
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long META Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
GraniteShares 2x Long META Daily ETF had a return of 112.27% year-to-date (YTD) and 126.01% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 112.27% | 25.48% |
1 month | -4.88% | 2.14% |
6 months | 32.72% | 12.76% |
1 year | 126.01% | 33.14% |
5 years (annualized) | N/A | 13.96% |
10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FBL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 15.38% | 50.95% | -2.76% | -24.16% | 16.16% | 15.29% | -13.75% | 18.85% | 19.48% | -3.15% | 112.27% | ||
2023 | 36.59% | 24.61% | 31.90% | 19.21% | 15.62% | 10.42% | 16.09% | -11.42% | 1.12% | -0.43% | 12.05% | 11.41% | 341.59% |
2022 | -1.22% | -1.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FBL is 62, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GraniteShares 2x Long META Daily ETF provided a 24.30% dividend yield over the last twelve months, with an annual payout of $8.00 per share.
Period | TTM | 2023 |
---|---|---|
Dividend | $8.00 | $8.00 |
Dividend yield | 24.30% | 51.58% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long META Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
2023 | $8.00 | $8.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long META Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long META Daily ETF was 35.25%, occurring on Apr 30, 2024. Recovery took 98 trading sessions.
The current GraniteShares 2x Long META Daily ETF drawdown is 6.71%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-35.25% | Apr 8, 2024 | 17 | Apr 30, 2024 | 98 | Sep 19, 2024 | 115 |
-19.35% | Jul 31, 2023 | 15 | Aug 18, 2023 | 61 | Nov 14, 2023 | 76 |
-17.08% | Feb 8, 2023 | 13 | Feb 27, 2023 | 11 | Mar 14, 2023 | 24 |
-12.49% | Oct 7, 2024 | 21 | Nov 4, 2024 | — | — | — |
-11.6% | Jul 20, 2023 | 3 | Jul 24, 2023 | 4 | Jul 28, 2023 | 7 |
Volatility
Volatility Chart
The current GraniteShares 2x Long META Daily ETF volatility is 16.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.