BRKD vs. METD

Last updated Aug 1, 2026

BRKD (Direxion Daily BRKB Bear 1X Shares) and METD (Direxion Daily META Bear 1X ETF) are both Inverse Equities funds from Direxion. BRKD is passively managed, while METD is actively managed. Over the past year, BRKD returned 1.54% vs 24.41% for METD. Their 0.11 correlation means their historical movements had little consistent relationship. Both charge a 1.00% expense ratio.

Performance

BRKD vs. METD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bear 1X Shares (BRKD) and Direxion Daily META Bear 1X ETF (METD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKD achieves a 5.90% return, which is significantly lower than METD's 10.02% return.

BRKD

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.81%
• YTD: 5.90%
• 1Y: 1.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.60%

METD

• 1D: -3.30%
• 1M: 3.04%
• 6M: 20.93%
• YTD: 10.02%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKD Direxion Daily BRKB Bear 1X Shares	$0.00	$0.00	$0.00
METD Direxion Daily META Bear 1X ETF	$10.85M	$12.45M	$7.88M

BRKD vs. METD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	-6.69%	2.19%
METD Direxion Daily META Bear 1X ETF	10.02%	-17.33%	5.76%

Correlation

The correlation between BRKD and METD is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.11

Return for Risk

BRKD vs. METD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRKD

BRKD Risk / Return Rank: 14
BRKD Sharpe Ratio Rank: 14
BRKD Sortino Ratio Rank: 13
BRKD Omega Ratio Rank: 14
BRKD Calmar Ratio Rank: 14
BRKD Martin Ratio Rank: 13

METD

METD Risk / Return Rank: 32
METD Sharpe Ratio Rank: 31
METD Sortino Ratio Rank: 33
METD Omega Ratio Rank: 35
METD Calmar Ratio Rank: 32
METD Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRKD vs. METD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) and Direxion Daily META Bear 1X ETF (METD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BRKD	METD	Difference
Sharpe ratio: Return per unit of total volatility	0.14	0.74	-0.61
Sortino ratio: Return per unit of downside risk	0.30	1.24	-0.95
Omega ratio: Gain probability vs. loss probability	1.04	1.17	-0.13
Calmar ratio: Return relative to maximum drawdown	0.18	1.09	-0.92
Martin ratio: Return relative to average drawdown	0.34	2.50	-2.15

BRKD vs. METD - Sharpe Ratio Comparison

The current BRKD Sharpe Ratio is 0.14, which is lower than the METD Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of BRKD and METD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRKD vs. METD - Drawdown Comparison

The maximum BRKD drawdown since its inception was -17.92%, smaller than the maximum METD drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for BRKD and METD.

Drawdown Indicators

	BRKD	METD	Difference
Max Drawdown Largest peak-to-trough decline	-17.92%	-46.03%	+28.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-26.03%	+16.69%
Current Drawdown Current decline from peak	-3.69%	-29.29%	+25.60%
Average Drawdown Average peak-to-trough decline	-7.33%	-28.87%	+21.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	11.39%	-6.55%

Volatility

BRKD vs. METD - Volatility Comparison

The current volatility for Direxion Daily BRKB Bear 1X Shares (BRKD) is 0.00%, while Direxion Daily META Bear 1X ETF (METD) has a volatility of 15.23%. This indicates that BRKD experiences smaller price fluctuations and is considered to be less risky than METD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKD	METD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	15.23%	-15.23%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	30.46%	-22.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	40.18%	-27.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	37.75%	-21.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	37.75%	-21.38%

BRKD vs. METD - Expense Ratio Comparison

Both BRKD and METD have an expense ratio of 1.00%.

Dividends

BRKD vs. METD - Dividend Comparison

BRKD's dividend yield for the trailing twelve months is around 1.91%, less than METD's 2.51% yield.

Position	TTM	2025	2024
BRKD Direxion Daily BRKB Bear 1X Shares	1.91%	3.50%	0.00%
METD Direxion Daily META Bear 1X ETF	2.51%	3.35%	2.30%

Frequently Asked Questions

Can I hold both BRKD and METD in my portfolio?

BRKD and METD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKD or METD?

METD has higher volatility (15.23%) compared to BRKD (0.00%). In terms of maximum drawdown, BRKD dropped -17.92% vs METD's -46.03%.

Which ETF is better, BRKD or METD?

On 1-year performance, METD leads with 24.41% vs 1.54% for BRKD. Both ETFs have the same 1.00% expense ratio. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKD or METD?

Over the 1-year period, METD has performed better with a 24.41% return vs 1.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKD or METD?

BRKD and METD have the same expense ratio: 1.00% per year.

Which ETF pays a higher dividend yield, BRKD or METD?

METD has the higher dividend yield at 2.51%, compared with 1.91% for BRKD.

Which has better risk-adjusted returns?

METD currently has the higher Sharpe Ratio (0.74 vs 0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.