Correlation
The correlation between FBL and USD is 0.62, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBL or USD.
Performance
FBL vs. USD - Performance Comparison
Loading data...
Key characteristics
FBL:
0.62
USD:
-0.07
FBL:
1.33
USD:
0.71
FBL:
1.17
USD:
1.09
FBL:
0.76
USD:
0.00
FBL:
2.10
USD:
0.01
FBL:
21.81%
USD:
30.93%
FBL:
73.80%
USD:
99.50%
FBL:
-59.80%
USD:
-87.94%
FBL:
-34.30%
USD:
-36.44%
Returns By Period
In the year-to-date period, FBL achieves a 1.88% return, which is significantly higher than USD's -19.78% return.
FBL
1.88%
35.60%
10.33%
38.05%
N/A
N/A
N/A
USD
-19.78%
39.09%
-19.90%
-10.91%
65.36%
51.25%
41.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBL vs. USD - Expense Ratio Comparison
FBL has a 1.15% expense ratio, which is higher than USD's 0.95% expense ratio.
Risk-Adjusted Performance
FBL vs. USD — Risk-Adjusted Performance Rank
FBL
USD
FBL vs. USD - Risk-Adjusted Performance 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.
Loading data...
Dividends
FBL vs. USD - Dividend Comparison
FBL has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBL GraniteShares 2x Long META Daily ETF | 0.00% | 0.00% | 51.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.22% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 7.11% | 0.39% | 2.71% |
Drawdowns
FBL vs. USD - Drawdown Comparison
The maximum FBL drawdown since its inception was -59.80%, smaller than the maximum USD drawdown of -87.94%. Use the drawdown chart below to compare losses from any high point for FBL and USD.
Loading data...
Volatility
FBL vs. USD - Volatility Comparison
GraniteShares 2x Long META Daily ETF (FBL) has a higher volatility of 21.66% compared to ProShares Ultra Semiconductors (USD) at 17.87%. 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.
Loading data...