FBL vs. TQQQ

In the year-to-date period, FBL achieves a 6.57% return, which is significantly higher than TQQQ's -16.21% return.

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FBL has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and ProShares UltraPro QQQ (TQQQ). 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.

The current FBL Sharpe Ratio is 0.61, which is higher than the TQQQ Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of FBL and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FBL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.49%.

The maximum FBL drawdown since its inception was -59.80%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for FBL and TQQQ. For additional features, visit the drawdowns tool.

GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 26.12% compared to ProShares UltraPro QQQ (TQQQ) at 22.40%. This indicates that FBL's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.