FBL vs. METU
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and Direxion Daily META Bull 2X ETF (METU).
FBL and METU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022. METU is an actively managed fund by Direxion. It was launched on Jun 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBL or METU.
Correlation
The correlation between FBL and METU is 1.00, 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. METU - Performance Comparison
Key characteristics
FBL:
73.96%
METU:
73.36%
FBL:
-56.87%
METU:
-57.08%
FBL:
-56.87%
METU:
-57.08%
Returns By Period
The year-to-date returns for both stocks are quite close, with FBL having a -33.11% return and METU slightly lower at -33.54%.
FBL
-33.11%
-30.52%
-32.97%
-13.45%
N/A
N/A
METU
-33.54%
-30.47%
-33.92%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBL vs. METU - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than METU's 1.07% expense ratio.
Risk-Adjusted Performance
FBL vs. METU — Risk-Adjusted Performance Rank
FBL
METU
FBL vs. METU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and Direxion Daily META Bull 2X ETF (METU). 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.
Not enough dataDividends
FBL vs. METU - Dividend Comparison
FBL has not paid dividends to shareholders, while METU's dividend yield for the trailing twelve months is around 2.90%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 0.00% | 0.00% | 51.58% |
METU Direxion Daily META Bull 2X ETF | 2.90% | 1.40% | 0.00% |
Drawdowns
FBL vs. METU - Drawdown Comparison
The maximum FBL drawdown since its inception was -56.87%, roughly equal to the maximum METU drawdown of -57.08%. Use the drawdown chart below to compare losses from any high point for FBL and METU. For additional features, visit the drawdowns tool.
Volatility
FBL vs. METU - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) and Direxion Daily META Bull 2X ETF (METU) have volatilities of 40.79% and 41.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.