FBL vs. NTSD

Last updated Jun 4, 2026

FBL (GraniteShares 2x Long META Daily ETF) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. FBL charges 1.15%/yr vs 0.35%/yr for NTSD.

Performance

FBL vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long META Daily ETF (FBL) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBL

• 1D: 8.48%
• 1M: 2.55%
• YTD: -19.72%
• 6M: -15.34%
• 1Y: -29.78%
• 3Y*: 33.25%
• 5Y*: —
• 10Y*: —

NTSD

• 1D: -1.11%
• 1M: 7.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBL vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
FBL GraniteShares 2x Long META Daily ETF	-0.80%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	17.91%

Correlation

The correlation between FBL and NTSD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.45

Return for Risk

FBL vs. NTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBL

FBL Risk / Return Rank: 5
FBL Sharpe Ratio Rank: 5
FBL Sortino Ratio Rank: 6
FBL Omega Ratio Rank: 6
FBL Calmar Ratio Rank: 4
FBL Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBL vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	FBL	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	—	—
Sortino ratio: Return per unit of downside risk	-0.22	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.49	—	—
Martin ratio: Return relative to average drawdown	-0.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FBL	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	5.08	-3.96

Drawdowns

FBL vs. NTSD - Drawdown Comparison

The maximum FBL drawdown since its inception was -61.15%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for FBL and NTSD.

Drawdown Indicators

	FBL	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-5.20%	-55.95%
Max Drawdown (1Y) Largest decline over 1 year	-61.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-61.15%	—	—
Current Drawdown Current decline from peak	-47.97%	-1.11%	-46.86%
Average Drawdown Average peak-to-trough decline	-16.41%	-0.84%	-15.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.76%	—	—

Volatility

Volatility by Period

	FBL	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	70.42%	24.28%	+46.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.06%	24.28%	+46.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.06%	24.28%	+46.78%

FBL vs. NTSD - Expense Ratio Comparison

FBL has a 1.15% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

FBL vs. NTSD - Dividend Comparison

FBL's dividend yield for the trailing twelve months is around 2.58%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FBL GraniteShares 2x Long META Daily ETF	2.58%	2.07%	0.00%	51.58%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBL and NTSD in my portfolio?

FBL and NTSD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBL or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBL or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 1.15% for FBL.

Which ETF pays a higher dividend yield, FBL or NTSD?

FBL has the higher dividend yield at 2.58%, compared with 0.00% for NTSD.

What is the main difference between FBL and NTSD?

They also come from different issuers: GraniteShares and WisdomTree. Their fees differ too: 1.15% for FBL and 0.35% for NTSD.