- CUSIP
- 25461A809
- Issuer
- Direxion
- Inception Date
- Jun 5, 2024
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $340M
Highlights
- Avg. Volume (1M)
- 6M
- Avg. Volume Value (1M)
- $138.47M
Share Price Chart
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Performance
METU Performance Chart
Direxion Daily META Bull 2X ETF (METU) is down 39.8% since the beginning of the year. METU is currently trading at $19 per share.
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Returns By Period
Direxion Daily META Bull 2X ETF (METU) has returned -39.77% so far this year and -57.12% over the past 12 months.
Direxion Daily META Bull 2X ETF
- 1D
- 6.66%
- 1M
- -11.31%
- 6M
- -47.62%
- YTD
- -39.77%
- 1Y
- -57.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.55%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
METU Monthly Returns History
Based on dividend-adjusted daily data since Jun 5, 2024, METU's average daily return is +0.06%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 50% of months were positive and 50% were negative. The best month was May 2025 with a return of +36.9%, while the worst month was Mar 2025 at -27.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, METU closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +29.2%, while the worst single day was Oct 30, 2025 at -22.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.98% | -19.47% | -24.12% | 11.48% | 5.61% | -22.64% | -5.88% | -39.77% | |||||
| 2025 | 36.00% | -7.07% | -27.34% | -14.63% | 36.90% | 28.61% | 7.26% | -10.12% | -2.11% | -24.54% | -1.80% | 2.55% | -1.01% |
| 2024 | 5.30% | -13.85% | 18.98% | 19.29% | -3.34% | 1.17% | 2.28% | 28.79% |
Benchmark Metrics
Direxion Daily META Bull 2X ETF has an annualized alpha of -28.36%, beta of 2.79, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since June 05, 2024.
- This ETF participated in 393.05% of S&P 500 Index downside but only 252.33% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.37 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -28.36%
- Beta
- 2.79
- R²
- 0.37
- Upside Capture
- 252.33%
- Downside Capture
- 393.05%
Expense Ratio
METU has a high expense ratio of 1.02%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
METU ranks 2 for risk / return — above 2% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| METU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.25 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.00 | -2.94 |
| Martin ratioReturn relative to average drawdown | -1.51 | 8.49 | -10.00 |
Dividends
Dividend History
Direxion Daily META Bull 2X ETF provided a 4.61% dividend yield over the last twelve months, with an annual payout of $0.88 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.88 | $0.96 | $0.47 |
Dividend yield | 4.61% | 3.00% | 1.40% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily META Bull 2X 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.14 | $0.00 | $0.34 | |||||
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.32 | $0.96 |
| 2024 | $0.02 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.26 | $0.47 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily META Bull 2X 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 Direxion Daily META Bull 2X ETF was 63.90%, occurring on Jul 30, 2026. The portfolio has not yet recovered.
The current Direxion Daily META Bull 2X ETF drawdown is 61.50%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-63.90%Jul 2026 | 1y 5mo | — | 1y 5moFeb 2025 - now | — |
-30.63%Jul 2024 | 17d | 1mo 26d | 2mo 13dJul 2024 - Sep 2024 | — |
-15.40%Nov 2024 | 1mo 9d | 18d | 1mo 27dOct 2024 - Dec 2024 | — |
-15.10%Dec 2024 | 19d | 24d | 1mo 13dDec 2024 - Jan 2025 | — |
-6.01%Jun 2024 | 8d | 5d | 13dJun 2024 - Jun 2024 | — |
Drawdown Indicators
| METU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.90% | -56.78% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -63.59% | -9.10% | -54.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -61.50% | -1.58% | -59.92% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -10.70% | -15.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.50% | 2.14% | +37.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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