METU vs. FBL
Compare and contrast key facts about Direxion Daily META Bull 2X ETF (METU) and GraniteShares 2x Long META Daily ETF (FBL).
METU and FBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METU is an actively managed fund by Direxion. It was launched on Jun 5, 2024. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: METU or FBL.
Correlation
The correlation between METU and FBL is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
METU vs. FBL - Performance Comparison
Key characteristics
METU:
73.36%
FBL:
73.96%
METU:
-57.08%
FBL:
-56.87%
METU:
-57.08%
FBL:
-56.87%
Returns By Period
The year-to-date returns for both investments are quite close, with METU having a -33.54% return and FBL slightly higher at -33.11%.
METU
-33.54%
-30.47%
-33.92%
N/A
N/A
N/A
FBL
-33.11%
-30.52%
-32.97%
-13.45%
N/A
N/A
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METU vs. FBL - Expense Ratio Comparison
METU has a 1.07% expense ratio, which is lower than FBL's 1.15% expense ratio.
Risk-Adjusted Performance
METU vs. FBL — Risk-Adjusted Performance Rank
METU
FBL
METU vs. FBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and GraniteShares 2x Long META Daily ETF (FBL). 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.
Not enough dataDividends
METU vs. FBL - Dividend Comparison
METU's dividend yield for the trailing twelve months is around 2.90%, while FBL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
METU Direxion Daily META Bull 2X ETF | 2.90% | 1.40% | 0.00% |
FBL GraniteShares 2x Long META Daily ETF | 0.00% | 0.00% | 51.58% |
Drawdowns
METU vs. FBL - Drawdown Comparison
The maximum METU drawdown since its inception was -57.08%, roughly equal to the maximum FBL drawdown of -56.87%. Use the drawdown chart below to compare losses from any high point for METU and FBL. For additional features, visit the drawdowns tool.
Volatility
METU vs. FBL - Volatility Comparison
Direxion Daily META Bull 2X ETF (METU) and GraniteShares 2x Long META Daily ETF (FBL) have volatilities of 41.21% and 40.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.