Direxion Daily META Bull 2X ETF (METU)
The ETF aims to achieve a 2X daily leveraged exposure to Meta Platforms (META) by investing at least 80% of its net assets and any related borrowings in META securities and financial instruments like swaps and options, aligning with its investment objective.
ETF Info
25461A106
Jun 5, 2024
2x
No Index (Active)
Distributing
Large-Cap
Growth
Expense Ratio
METU has a high expense ratio of 1.07%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily META Bull 2X 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
METU
37.50%
25.58%
57.27%
N/A
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of METU, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 36.00% | 37.50% | |||||||||||
| 2024 | 2.67% | -13.85% | 18.98% | 19.29% | -3.34% | 1.17% | 2.28% | 25.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Direxion Daily META Bull 2X ETF provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2024 |
|---|---|---|
| Dividend | $0.47 | $0.47 |
Dividend yield | 1.02% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 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.
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 30.63%, occurring on Jul 25, 2024. Recovery took 39 trading sessions.
The current Direxion Daily META Bull 2X ETF drawdown is 11.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30.63% | Jul 8, 2024 | 14 | Jul 25, 2024 | 39 | Sep 19, 2024 | 53 |
| -15.4% | Oct 7, 2024 | 30 | Nov 15, 2024 | 11 | Dec 3, 2024 | 41 |
| -15.1% | Dec 12, 2024 | 13 | Dec 31, 2024 | 15 | Jan 24, 2025 | 28 |
| -11.21% | Feb 18, 2025 | 3 | Feb 20, 2025 | — | — | — |
| -6.01% | Jun 13, 2024 | 6 | Jun 21, 2024 | 3 | Jun 26, 2024 | 9 |
Volatility
Volatility Chart
The current Direxion Daily META Bull 2X ETF volatility is 11.33%, 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.