DXYZ vs. FBL
DXYZ (Destiny Tech100 Inc) is a stock, while FBL (GraniteShares 2x Long META Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, DXYZ returned -28.04% vs -46.30% for FBL. At a 0.25 correlation, their price movements are largely independent.
Performance
DXYZ vs. FBL - Performance Comparison
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Returns By Period
In the year-to-date period, DXYZ achieves a -5.42% return, which is significantly higher than FBL's -34.05% return.
DXYZ
- 1D
- -25.14%
- 1M
- -44.50%
- YTD
- -5.42%
- 6M
- -23.68%
- 1Y
- -28.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBL
- 1D
- -0.74%
- 1M
- -17.09%
- YTD
- -34.05%
- 6M
- -31.11%
- 1Y
- -46.30%
- 3Y*
- 25.43%
- 5Y*
- —
- 10Y*
- —
DXYZ vs. FBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXYZ Destiny Tech100 Inc | -5.42% | -47.96% | 613.45% |
FBL GraniteShares 2x Long META Daily ETF | -34.05% | 0.50% | 17.18% |
Correlation
The correlation between DXYZ and FBL is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.25 |
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Return for Risk
DXYZ vs. FBL — Risk / Return Rank
DXYZ
FBL
DXYZ vs. FBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destiny Tech100 Inc (DXYZ) 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.
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.
| DXYZ | FBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.91 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.76 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.36 | +0.43 |
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Drawdowns
DXYZ vs. FBL - Drawdown Comparison
The maximum DXYZ drawdown since its inception was -90.35%, which is greater than FBL's maximum drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for DXYZ and FBL.
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Drawdown Indicators
| DXYZ | FBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -61.15% | -29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -59.33% | -61.03% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -61.15% | — |
Current DrawdownCurrent decline from peak | -70.97% | -57.26% | -13.71% |
Average DrawdownAverage peak-to-trough decline | -68.37% | -16.70% | -51.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.12% | 33.98% | -3.86% |
Volatility
DXYZ vs. FBL - Volatility Comparison
Destiny Tech100 Inc (DXYZ) has a higher volatility of 52.18% compared to GraniteShares 2x Long META Daily ETF (FBL) at 20.60%. This indicates that DXYZ's price experiences larger fluctuations and is considered to be riskier than FBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXYZ | FBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.18% | 20.60% | +31.58% |
Volatility (6M)Calculated over the trailing 6-month period | 85.74% | 53.92% | +31.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.63% | 71.02% | +30.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.45% | 71.08% | +94.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.45% | 71.08% | +94.37% |
Dividends
DXYZ vs. FBL - Dividend Comparison
DXYZ has not paid dividends to shareholders, while FBL's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DXYZ Destiny Tech100 Inc | 0.00% | 0.00% | 0.00% | 0.00% |
FBL GraniteShares 2x Long META Daily ETF | 3.14% | 2.07% | 0.00% | 51.58% |
Frequently Asked Questions
DXYZ and FBL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXYZ has higher volatility (52.18%) compared to FBL (20.60%). In terms of maximum drawdown, DXYZ dropped -90.35% vs FBL's -61.15%.
DXYZ currently has the higher Sharpe Ratio (-0.28 vs -0.65), 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.
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