FBL vs. DXYZ
FBL (GraniteShares 2x Long META Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while DXYZ (Destiny Tech100 Inc) is a stock. Over the past year, FBL returned -46.30% vs -28.04% for DXYZ. At a 0.25 correlation, their price movements are largely independent.
Performance
FBL vs. DXYZ - Performance Comparison
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Returns By Period
In the year-to-date period, FBL achieves a -34.05% return, which is significantly lower than DXYZ's -5.42% return.
FBL
- 1D
- -0.74%
- 1M
- -17.09%
- YTD
- -34.05%
- 6M
- -31.11%
- 1Y
- -46.30%
- 3Y*
- 25.43%
- 5Y*
- —
- 10Y*
- —
DXYZ
- 1D
- -25.14%
- 1M
- -44.50%
- YTD
- -5.42%
- 6M
- -23.68%
- 1Y
- -28.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBL vs. DXYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | -34.05% | 0.50% | 17.18% |
DXYZ Destiny Tech100 Inc | -5.42% | -47.96% | 613.45% |
Correlation
The correlation between FBL and DXYZ 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
FBL vs. DXYZ — Risk / Return Rank
FBL
DXYZ
FBL vs. DXYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and Destiny Tech100 Inc (DXYZ). 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 | DXYZ | 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 | 0.91 | 1.03 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.47 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.93 | -0.43 |
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Drawdowns
FBL vs. DXYZ - Drawdown Comparison
The maximum FBL drawdown since its inception was -61.15%, smaller than the maximum DXYZ drawdown of -90.35%. Use the drawdown chart below to compare losses from any high point for FBL and DXYZ.
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Drawdown Indicators
| FBL | DXYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -90.35% | +29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -61.03% | -59.33% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -61.15% | — | — |
Current DrawdownCurrent decline from peak | -57.26% | -70.97% | +13.71% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -68.37% | +51.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.98% | 30.12% | +3.86% |
Volatility
FBL vs. DXYZ - Volatility Comparison
The current volatility for GraniteShares 2x Long META Daily ETF (FBL) is 20.60%, while Destiny Tech100 Inc (DXYZ) has a volatility of 52.18%. This indicates that FBL experiences smaller price fluctuations and is considered to be less risky than DXYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBL | DXYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.60% | 52.18% | -31.58% |
Volatility (6M)Calculated over the trailing 6-month period | 53.92% | 85.74% | -31.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.02% | 101.63% | -30.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.08% | 165.45% | -94.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.08% | 165.45% | -94.37% |
Dividends
FBL vs. DXYZ - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 3.14%, while DXYZ has not paid dividends to shareholders.
| 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
FBL and DXYZ 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, FBL dropped -61.15% vs DXYZ's -90.35%.
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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