FBL vs. METX
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and Meten Holding Group Ltd. (METX).
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 METX.
Key characteristics
| FBL | METX |
|---|
Correlation
The correlation between FBL and METX is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBL vs. METX - Performance Comparison
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. METX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and Meten Holding Group Ltd. (METX). 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. METX - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 24.30%, while METX has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 24.30% | 51.58% |
METX Meten Holding Group Ltd. | 0.00% | 0.00% |
Drawdowns
FBL vs. METX - Drawdown Comparison
Volatility
FBL vs. METX - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 16.02% compared to Meten Holding Group Ltd. (METX) at 0.00%. This indicates that FBL's price experiences larger fluctuations and is considered to be riskier than METX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.