DRUP vs. FBL

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares Nasdaq Select Disruptors ETF (DRUP) and GraniteShares 2x Long META Daily ETF (FBL).

DRUP and FBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRUP is a passively managed fund by GraniteShares that tracks the performance of the Nasdaq US Large Cap Select Disruptors Index - Benchmark TR Gross. It was launched on Oct 7, 2019. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.

Performance

DRUP vs. FBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Nasdaq Select Disruptors ETF (DRUP) and GraniteShares 2x Long META Daily ETF (FBL). The values are adjusted to include any dividend payments, if applicable.

DRUP vs. FBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DRUP GraniteShares Nasdaq Select Disruptors ETF	-18.03%	18.18%	23.11%	42.32%	-5.79%
FBL GraniteShares 2x Long META Daily ETF	-29.38%	0.50%	112.72%	341.59%	-1.22%

Returns By Period

In the year-to-date period, DRUP achieves a -18.03% return, which is significantly higher than FBL's -29.38% return.

DRUP

• 1D: 2.94%
• 1M: -5.98%
• YTD: -18.03%
• 6M: -16.05%
• 1Y: 5.30%
• 3Y*: 14.82%
• 5Y*: 8.20%
• 10Y*: —

FBL

• 1D: 13.10%
• 1M: -24.07%
• YTD: -29.38%
• 6M: -46.10%
• 1Y: -23.10%
• 3Y*: 43.74%
• 5Y*: —
• 10Y*: —

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

DRUP vs. FBL - Expense Ratio Comparison

DRUP has a 0.60% expense ratio, which is lower than FBL's 1.15% expense ratio.

FBL

GraniteShares 2x Long META Daily ETF

DRUP

GraniteShares Nasdaq Select Disruptors ETF

Return for Risk

DRUP vs. FBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRUP

DRUP Risk / Return Rank: 18
DRUP Sharpe Ratio Rank: 18
DRUP Sortino Ratio Rank: 19
DRUP Omega Ratio Rank: 19
DRUP Calmar Ratio Rank: 16
DRUP Martin Ratio Rank: 17

FBL

FBL Risk / Return Rank: 8
FBL Sharpe Ratio Rank: 7
FBL Sortino Ratio Rank: 11
FBL Omega Ratio Rank: 11
FBL Calmar Ratio Rank: 6
FBL Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRUP vs. FBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Nasdaq Select Disruptors ETF (DRUP) and GraniteShares 2x Long META Daily ETF (FBL). 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.

	DRUP	FBL	Difference
Sharpe ratio Return per unit of total volatility	0.22	-0.29	+0.51
Sortino ratio Return per unit of downside risk	0.50	0.09	+0.41
Omega ratio Gain probability vs. loss probability	1.07	1.01	+0.05
Calmar ratio Return relative to maximum drawdown	0.21	-0.38	+0.59
Martin ratio Return relative to average drawdown	0.68	-0.85	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRUP vs. FBL - Sharpe Ratio Comparison

The current DRUP Sharpe Ratio is 0.22, which is higher than the FBL Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of DRUP and FBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DRUP	FBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	-0.29	+0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.10	-0.54

Correlation

The correlation between DRUP and FBL is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DRUP vs. FBL - Dividend Comparison

DRUP has not paid dividends to shareholders, while FBL's dividend yield for the trailing twelve months is around 2.94%.

	TTM	2025	2024	2023	2022	2021	2020	2019
DRUP GraniteShares Nasdaq Select Disruptors ETF	0.00%	0.00%	0.00%	0.40%	0.51%	0.28%	0.53%	0.19%
FBL GraniteShares 2x Long META Daily ETF	2.94%	2.07%	0.00%	51.58%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DRUP vs. FBL - Drawdown Comparison

The maximum DRUP drawdown since its inception was -31.29%, smaller than the maximum FBL drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for DRUP and FBL.

Drawdown Indicators

	DRUP	FBL	Difference
Max Drawdown Largest peak-to-trough decline	-31.29%	-61.15%	+29.86%
Max Drawdown (1Y) Largest decline over 1 year	-23.21%	-61.03%	+37.82%
Max Drawdown (5Y) Largest decline over 5 years	-31.29%	—	—
Current Drawdown Current decline from peak	-20.44%	-54.23%	+33.79%
Average Drawdown Average peak-to-trough decline	-8.26%	-14.83%	+6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.10%	27.20%	-20.10%

Volatility

DRUP vs. FBL - Volatility Comparison

The current volatility for GraniteShares Nasdaq Select Disruptors ETF (DRUP) is 6.74%, while GraniteShares 2x Long META Daily ETF (FBL) has a volatility of 27.39%. This indicates that DRUP experiences smaller price fluctuations and is considered to be less risky than FBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRUP	FBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	27.39%	-20.65%
Volatility (6M) Calculated over the trailing 6-month period	14.38%	54.04%	-39.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.87%	79.46%	-55.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	70.85%	-49.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.17%	70.85%	-47.68%