GLBL vs. METD

Last updated Jul 17, 2026

GLBL (Pacer MSCI World Industry Advantage ETF) and METD (Direxion Daily META Bear 1X ETF) are both exchange-traded funds - GLBL is a Global Equities fund tracking the MSCI World Ricardo Comparative Advantage Select Index, while METD is a Inverse Equities fund actively managed by Direxion. GLBL is passively managed, while METD is actively managed. Over the past year, GLBL returned 23.01% vs -2.77% for METD. At a correlation of -0.60, they often move in opposite directions. GLBL charges 0.65%/yr vs 1.00%/yr for METD.

Performance

GLBL vs. METD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer MSCI World Industry Advantage ETF (GLBL) and Direxion Daily META Bear 1X ETF (METD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLBL achieves a 10.92% return, which is significantly higher than METD's -7.12% return.

GLBL

• 1D: -0.61%
• 1M: -0.64%
• 6M: 9.20%
• YTD: 10.92%
• 1Y: 23.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

METD

• 1D: 2.39%
• 1M: -11.46%
• 6M: -12.68%
• YTD: -7.12%
• 1Y: -2.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLBL vs. METD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLBL Pacer MSCI World Industry Advantage ETF	10.92%	20.14%	5.49%
METD Direxion Daily META Bear 1X ETF	-7.12%	-17.33%	-8.59%

Correlation

The correlation between GLBL and METD is -0.57, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.57
Correlation (All Time) Calculated using the full available price history since Sep 17, 2024	-0.60

The correlation between GLBL and METD has been stable across timeframes, ranging from -0.60 to -0.57 - a consistent structural relationship.

Return for Risk

GLBL vs. METD — Risk / Return Rank

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

GLBL

GLBL Risk / Return Rank: 56
GLBL Sharpe Ratio Rank: 60
GLBL Sortino Ratio Rank: 56
GLBL Omega Ratio Rank: 57
GLBL Calmar Ratio Rank: 51
GLBL Martin Ratio Rank: 58

METD

METD Risk / Return Rank: 9
METD Sharpe Ratio Rank: 9
METD Sortino Ratio Rank: 9
METD Omega Ratio Rank: 10
METD Calmar Ratio Rank: 8
METD Martin Ratio Rank: 8

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.

GLBL vs. METD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer MSCI World Industry Advantage ETF (GLBL) and Direxion Daily META Bear 1X ETF (METD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLBL	METD	Difference
Sharpe ratio: Return per unit of total volatility	1.60	-0.07	+1.67
Sortino ratio: Return per unit of downside risk	2.19	0.17	+2.02
Omega ratio: Gain probability vs. loss probability	1.29	1.02	+0.26
Calmar ratio: Return relative to maximum drawdown	2.11	-0.11	+2.21
Martin ratio: Return relative to average drawdown	7.99	-0.24	+8.23

GLBL vs. METD - Sharpe Ratio Comparison

The current GLBL Sharpe Ratio is 1.60, which is higher than the METD Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of GLBL and METD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLBL vs. METD - Drawdown Comparison

The maximum GLBL drawdown since its inception was -19.75%, smaller than the maximum METD drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for GLBL and METD.

Drawdown Indicators

	GLBL	METD	Difference
Max Drawdown Largest peak-to-trough decline	-19.75%	-46.03%	+26.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-26.03%	+15.06%
Current Drawdown Current decline from peak	-2.55%	-40.30%	+37.75%
Average Drawdown Average peak-to-trough decline	-2.60%	-28.76%	+26.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	11.56%	-8.67%

Volatility

GLBL vs. METD - Volatility Comparison

The current volatility for Pacer MSCI World Industry Advantage ETF (GLBL) is 4.12%, while Direxion Daily META Bear 1X ETF (METD) has a volatility of 16.33%. This indicates that GLBL experiences smaller price fluctuations and is considered to be less risky than METD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLBL	METD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.12%	16.33%	-12.21%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	31.74%	-20.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.45%	39.00%	-24.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	37.46%	-20.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	37.46%	-20.85%

GLBL vs. METD - Expense Ratio Comparison

GLBL has a 0.65% expense ratio, which is lower than METD's 1.00% expense ratio.

Dividends

GLBL vs. METD - Dividend Comparison

GLBL's dividend yield for the trailing twelve months is around 0.77%, less than METD's 2.97% yield.

Position	TTM	2025	2024
GLBL Pacer MSCI World Industry Advantage ETF	0.77%	0.86%	0.15%
METD Direxion Daily META Bear 1X ETF	2.97%	3.35%	2.30%

Frequently Asked Questions

Can I hold both GLBL and METD in my portfolio?

GLBL and METD have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLBL or METD?

METD has higher volatility (16.33%) compared to GLBL (4.12%). In terms of maximum drawdown, GLBL dropped -19.75% vs METD's -46.03%.

Which ETF is better, GLBL or METD?

On 1-year performance, GLBL leads with 23.01% vs -2.77% for METD. On fees, GLBL is cheaper at 0.65% per year. On volatility, GLBL has been the lower-risk option at 4.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLBL or METD?

Over the 1-year period, GLBL has performed better with a 23.01% return vs -2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLBL or METD?

GLBL is cheaper with a 0.65% expense ratio, compared with 1.00% for METD.

Which ETF pays a higher dividend yield, GLBL or METD?

METD has the higher dividend yield at 2.97%, compared with 0.77% for GLBL.

What is the main difference between GLBL and METD?

GLBL is categorized as Global Equities, while METD is Inverse Equities. They also come from different issuers: Pacer and Direxion. Their fees differ too: 0.65% for GLBL and 1.00% for METD.

Which has better risk-adjusted returns?

GLBL currently has the higher Sharpe Ratio (1.60 vs -0.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.