FBL vs. META
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and Meta Platforms, Inc. (META).
FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBL or META.
Key characteristics
| FBL | META | |
|---|---|---|
| YTD Return | 86.56% | 52.44% |
| 1Y Return | 125.51% | 76.87% |
| Sharpe Ratio | 1.81 | 2.14 |
| Daily Std Dev | 70.98% | 36.59% |
| Max Drawdown | -35.25% | -76.74% |
| Current Drawdown | -5.95% | -0.27% |
Correlation
The correlation between FBL and META is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FBL vs. META - Performance Comparison
In the year-to-date period, FBL achieves a 86.56% return, which is significantly higher than META's 52.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FBL vs. META - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and Meta Platforms, Inc. (META). 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.
Dividends
FBL vs. META - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 27.65%, more than META's 0.28% yield.
| TTM | 2023 | |
|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 27.65% | 51.58% |
META Meta Platforms, Inc. | 0.28% | 0.00% |
Drawdowns
FBL vs. META - Drawdown Comparison
The maximum FBL drawdown since its inception was -35.25%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for FBL and META. For additional features, visit the drawdowns tool.
Volatility
FBL vs. META - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 12.10% compared to Meta Platforms, Inc. (META) at 5.97%. This indicates that FBL's price experiences larger fluctuations and is considered to be riskier than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.