FBL vs. USD
Compare and contrast key facts about GraniteShares 2x Long META Daily ETF (FBL) and ProShares Ultra Semiconductors (USD).
FBL and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007.
Performance
FBL vs. USD - Performance Comparison
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FBL vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | -27.59% | 0.50% | 112.72% | 341.59% | -1.22% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 228.79% | -21.75% |
Returns By Period
In the year-to-date period, FBL achieves a -27.59% return, which is significantly lower than USD's -4.90% return.
FBL
- 1D
- 2.53%
- 1M
- -23.32%
- YTD
- -27.59%
- 6M
- -42.06%
- 1Y
- -23.67%
- 3Y*
- 44.94%
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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FBL vs. USD - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than USD's 0.95% expense ratio.
Return for Risk
FBL vs. USD — Risk / Return Rank
FBL
USD
FBL vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long META Daily ETF (FBL) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 1.90 | -2.19 |
Sortino ratioReturn per unit of downside risk | 0.08 | 2.44 | -2.36 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.35 | 4.67 | -5.02 |
Martin ratioReturn relative to average drawdown | -0.77 | 12.81 | -13.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBL | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 1.90 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.41 | +0.71 |
Correlation
The correlation between FBL and USD is 0.53, 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.
Dividends
FBL vs. USD - Dividend Comparison
FBL's dividend yield for the trailing twelve months is around 2.86%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 2.86% | 2.07% | 0.00% | 51.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
FBL vs. USD - Drawdown Comparison
The maximum FBL drawdown since its inception was -61.15%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for FBL and USD.
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Drawdown Indicators
| FBL | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -88.63% | +27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -61.03% | -31.80% | -29.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -53.07% | -21.24% | -31.83% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -32.60% | +17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.41% | 11.60% | +15.81% |
Volatility
FBL vs. USD - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 27.60% compared to ProShares Ultra Semiconductors (USD) at 21.67%. This indicates that FBL's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBL | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.60% | 21.67% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 54.08% | 48.73% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.50% | 77.08% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.82% | 76.24% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.82% | 68.85% | +1.97% |