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 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBL vs. METU - Performance Comparison
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Key characteristics
FBL:
73.86%
METU:
75.58%
FBL:
-59.80%
METU:
-60.05%
FBL:
-31.28%
METU:
-31.74%
Returns By Period
In the year-to-date period, FBL achieves a 6.57% return, which is significantly higher than METU's 5.72% return.
FBL
6.57%
35.26%
5.42%
44.65%
N/A
N/A
METU
5.72%
34.97%
3.91%
N/A
N/A
N/A
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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.
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Dividends
FBL vs. METU - Dividend Comparison
FBL has not paid dividends to shareholders, while METU's dividend yield for the trailing twelve months is around 1.83%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 0.00% | 0.00% | 51.58% |
METU Direxion Daily META Bull 2X ETF | 1.83% | 1.40% | 0.00% |
Drawdowns
FBL vs. METU - Drawdown Comparison
The maximum FBL drawdown since its inception was -59.80%, roughly equal to the maximum METU drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for FBL and METU. For additional features, visit the drawdowns tool.
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Volatility
FBL vs. METU - Volatility Comparison
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