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. META, FBL vs. NVDL, FBL vs. TQQQ, FBL vs. SMH, FBL vs. USD, FBL vs. BAR, FBL vs. MSFL
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 86.56% year-to-date (YTD) and 125.51% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 86.56% | 17.79% |
| 1 month | 2.30% | 0.18% |
| 6 months | 1.40% | 7.53% |
| 1 year | 125.51% | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
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% | 86.56% | ||||
| 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 risk-adjusted rank of FBL is 77, placing it in the top 23% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined 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 granted a 27.65% dividend yield in the last twelve months. The annual payout for that period amounted to $8.00 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $8.00 | $8.00 |
Dividend yield | 27.65% | 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 | |||
| 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. The portfolio has not yet recovered.
The current GraniteShares 2x Long META Daily ETF drawdown is 5.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.25% | Apr 8, 2024 | 17 | Apr 30, 2024 | — | — | — |
| -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 |
| -11.6% | Jul 20, 2023 | 3 | Jul 24, 2023 | 4 | Jul 28, 2023 | 7 |
| -11.14% | Mar 8, 2024 | 6 | Mar 15, 2024 | 14 | Apr 5, 2024 | 20 |
Volatility
Volatility Chart
The current GraniteShares 2x Long META Daily ETF volatility is 12.10%, 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.