FBL vs. BRKL
FBL (GraniteShares 2x Long META Daily ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.21 correlation means they have often moved in opposite directions in the past. FBL charges 1.09%/yr vs 0.45%/yr for BRKL.
Performance
FBL vs. BRKL - Performance Comparison
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Returns By Period
FBL
- 1D
- 6.66%
- 1M
- -11.35%
- 6M
- -47.34%
- YTD
- -39.43%
- 1Y
- -56.50%
- 3Y*
- 12.26%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 61.04%
BRKL
- 1D
- 0.85%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $853.16 | $14.75K | $14.75K | |
| $25.01M | $36.98M | $35.23M |
FBL vs. BRKL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FBL GraniteShares 2x Long META Daily ETF | -16.36% |
BRKL Corgi BRKB 2x Daily ETF | 1.48% |
Correlation
The correlation between FBL and BRKL is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026 | -0.21 |
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Return for Risk
FBL vs. BRKL — Risk / Return Rank
FBL
BRKL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FBL vs. BRKL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and Corgi BRKB 2x Daily ETF (BRKL). 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.
| FBL | BRKL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.52 | — | — |
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Drawdowns
FBL vs. BRKL - Drawdown Comparison
The maximum FBL drawdown since its inception was -63.20%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for FBL and BRKL.
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Drawdown Indicators
| FBL | BRKL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.20% | -7.03% | -56.17% |
Max Drawdown (1Y)Largest decline over 1 year | -63.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -63.20% | — | — |
Current DrawdownCurrent decline from peak | -60.75% | -0.13% | -60.62% |
Average DrawdownAverage peak-to-trough decline | -18.01% | -4.14% | -13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.96% | — | — |
Volatility
FBL vs. BRKL - Volatility Comparison
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Volatility by Period
| FBL | BRKL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 61.35% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.78% | 30.99% | +48.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.81% | 30.99% | +41.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.81% | 30.99% | +41.82% |
FBL vs. BRKL - Expense Ratio Comparison
FBL has a 1.09% expense ratio, which is higher than BRKL's 0.45% expense ratio.
Dividends
FBL vs. BRKL - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 3.42%, while BRKL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BRKL Corgi BRKB 2x Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
FBL GraniteShares 2x Long META Daily ETF | 3.42% | 2.07% | 0.00% | 51.58% |
Frequently Asked Questions
FBL and BRKL have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BRKL is cheaper with a 0.45% expense ratio, compared with 1.09% for FBL.
FBL has the higher dividend yield at 3.42%, compared with 0.00% for BRKL.
They also come from different issuers: GraniteShares and Corgi. Their fees differ too: 1.09% for FBL and 0.45% for BRKL.
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