METU vs. BRKL

Last updated Aug 2, 2026

METU (Direxion Daily META Bull 2X ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.20 correlation means they have often moved in opposite directions in the past. METU charges 1.02%/yr vs 0.45%/yr for BRKL.

Performance

METU vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

METU

• 1D: 6.66%
• 1M: -11.31%
• 6M: -47.62%
• YTD: -39.77%
• 1Y: -57.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.55%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
METU Direxion Daily META Bull 2X ETF	$90.59M	$138.47M	$136.75M

METU vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
METU Direxion Daily META Bull 2X ETF	-16.22%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between METU and BRKL is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.20

Return for Risk

METU vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

METU

METU Risk / Return Rank: 2
METU Sharpe Ratio Rank: 3
METU Sortino Ratio Rank: 3
METU Omega Ratio Rank: 3
METU Calmar Ratio Rank: 1
METU Martin Ratio Rank: 0

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

METU vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	METU	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	—	—
Sortino ratio: Return per unit of downside risk	-1.10	—	—
Omega ratio: Gain probability vs. loss probability	0.86	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.51	—	—

Drawdowns

METU vs. BRKL - Drawdown Comparison

The maximum METU drawdown since its inception was -63.90%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for METU and BRKL.

Drawdown Indicators

	METU	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-63.90%	-7.03%	-56.87%
Max Drawdown (1Y) Largest decline over 1 year	-63.59%	—	—
Current Drawdown Current decline from peak	-61.50%	-0.13%	-61.37%
Average Drawdown Average peak-to-trough decline	-25.76%	-4.14%	-21.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.50%	—	—

Volatility

Volatility by Period

	METU	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	61.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	79.58%	30.99%	+48.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.03%	30.99%	+44.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.03%	30.99%	+44.04%

METU vs. BRKL - Expense Ratio Comparison

METU has a 1.02% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

METU vs. BRKL - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 4.61%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%	0.00%
METU Direxion Daily META Bull 2X ETF	4.61%	3.00%	1.40%

Frequently Asked Questions

Can I hold both METU and BRKL in my portfolio?

METU and BRKL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METU or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, METU or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.02% for METU.

Which ETF pays a higher dividend yield, METU or BRKL?

METU has the higher dividend yield at 4.61%, compared with 0.00% for BRKL.

What is the main difference between METU and BRKL?

They also come from different issuers: Direxion and Corgi. Their fees differ too: 1.02% for METU and 0.45% for BRKL.