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GraniteShares 2x Long META Daily ETF (FBL)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS38747R8438
IssuerGraniteShares
Inception DateDec 12, 2022
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged1x
Index TrackedNo Index (Active)
Asset ClassEquity

Expense Ratio

FBL has a high expense ratio of 1.15%, indicating higher-than-average management fees.


Expense ratio chart for FBL: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%

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.


-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
32.72%
12.75%
FBL (GraniteShares 2x Long META Daily ETF)
Benchmark (^GSPC)

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.


PeriodReturnBenchmark
Year-To-Date112.27%25.48%
1 month-4.88%2.14%
6 months32.72%12.76%
1 year126.01%33.14%
5 years (annualized)N/A13.96%
10 years (annualized)N/A11.39%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202415.38%50.95%-2.76%-24.16%16.16%15.29%-13.75%18.85%19.48%-3.15%112.27%
202336.59%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.


The Risk-Adjusted Performance Rank of FBL is 6262
Combined Rank
The Sharpe Ratio Rank of FBL is 5656Sharpe Ratio Rank
The Sortino Ratio Rank of FBL is 5656Sortino Ratio Rank
The Omega Ratio Rank of FBL is 6060Omega Ratio Rank
The Calmar Ratio Rank of FBL is 8181Calmar Ratio Rank
The Martin Ratio Rank of FBL is 6060Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


FBL
Sharpe ratio
The chart of Sharpe ratio for FBL, currently valued at 1.86, compared to the broader market-2.000.002.004.006.001.86
Sortino ratio
The chart of Sortino ratio for FBL, currently valued at 2.61, compared to the broader market-2.000.002.004.006.008.0010.0012.002.61
Omega ratio
The chart of Omega ratio for FBL, currently valued at 1.36, compared to the broader market1.001.502.002.503.001.36
Calmar ratio
The chart of Calmar ratio for FBL, currently valued at 3.77, compared to the broader market0.005.0010.0015.003.78
Martin ratio
The chart of Martin ratio for FBL, currently valued at 10.44, compared to the broader market0.0020.0040.0060.0080.00100.00120.0010.44
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.91, compared to the broader market-2.000.002.004.006.002.91
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.88, compared to the broader market-2.000.002.004.006.008.0010.0012.003.88
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.55, compared to the broader market1.001.502.002.503.001.55
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 4.20, compared to the broader market0.005.0010.0015.004.20
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 18.80, compared to the broader market0.0020.0040.0060.0080.00100.00120.0018.80

Sharpe Ratio

The current GraniteShares 2x Long META Daily ETF Sharpe ratio is 1.86. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of GraniteShares 2x Long META Daily ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.86
2.91
FBL (GraniteShares 2x Long META Daily ETF)
Benchmark (^GSPC)

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.


51.58%$0.00$2.00$4.00$6.00$8.002023
Dividends
Dividend Yield
PeriodTTM2023
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-6.71%
-0.27%
FBL (GraniteShares 2x Long META Daily ETF)
Benchmark (^GSPC)

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, 202417Apr 30, 202498Sep 19, 2024115
-19.35%Jul 31, 202315Aug 18, 202361Nov 14, 202376
-17.08%Feb 8, 202313Feb 27, 202311Mar 14, 202324
-12.49%Oct 7, 202421Nov 4, 2024
-11.6%Jul 20, 20233Jul 24, 20234Jul 28, 20237

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.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
16.02%
3.75%
FBL (GraniteShares 2x Long META Daily ETF)
Benchmark (^GSPC)