METU vs. SGOV

Last updated Jun 24, 2026

METU (Direxion Daily META Bull 2X ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - METU is a Leveraged Equities fund actively managed by Direxion, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. METU is actively managed, while SGOV is passively managed. Over the past year, METU returned -49.17% vs 3.92% for SGOV. At a correlation of -0.06, they often move in opposite directions. METU charges 1.07%/yr vs 0.09%/yr for SGOV.

Performance

METU vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METU achieves a -36.42% return, which is significantly lower than SGOV's 1.71% return.

METU

• 1D: -1.32%
• 1M: -17.64%
• YTD: -36.42%
• 6M: -37.57%
• 1Y: -49.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.71%
• 6M: 1.80%
• 1Y: 3.92%
• 3Y*: 4.68%
• 5Y*: 3.58%
• 10Y*: —

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

METU vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METU Direxion Daily META Bull 2X ETF	-36.42%	-1.01%	28.79%
SGOV iShares 0-3 Month Treasury Bond ETF	1.71%	4.24%	2.93%

Correlation

The correlation between METU and SGOV is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	-0.06

Return for Risk

METU vs. SGOV — Risk / Return Rank

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

METU

METU Risk / Return Rank: 3
METU Sharpe Ratio Rank: 4
METU Sortino Ratio Rank: 4
METU Omega Ratio Rank: 4
METU Calmar Ratio Rank: 2
METU Martin Ratio Rank: 1

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

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.

METU vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	20.32	-21.01
Sortino ratio: Return per unit of downside risk	-0.81	273.56	-274.37
Omega ratio: Gain probability vs. loss probability	0.90	194.05	-193.16
Calmar ratio: Return relative to maximum drawdown	-0.80	395.07	-395.87
Martin ratio: Return relative to average drawdown	-1.38	4,426.92	-4,428.31

METU vs. SGOV - Sharpe Ratio Comparison

The current METU Sharpe Ratio is -0.68, which is lower than the SGOV Sharpe Ratio of 20.32. The chart below compares the historical Sharpe Ratios of METU and SGOV, 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

METU vs. SGOV - Drawdown Comparison

The maximum METU drawdown since its inception was -61.85%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for METU and SGOV.

Drawdown Indicators

	METU	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-0.03%	-61.82%
Max Drawdown (1Y) Largest decline over 1 year	-61.52%	-0.01%	-61.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-59.36%	0.00%	-59.36%
Average Drawdown Average peak-to-trough decline	-24.32%	-0.00%	-24.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.54%	0.00%	+35.54%

Volatility

METU vs. SGOV - Volatility Comparison

Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 25.96% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METU	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.96%	0.06%	+25.90%
Volatility (6M) Calculated over the trailing 6-month period	55.94%	0.13%	+55.81%
Volatility (1Y) Calculated over the trailing 1-year period	72.28%	0.19%	+72.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.77%	0.24%	+72.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.77%	0.24%	+72.53%

METU vs. SGOV - Expense Ratio Comparison

METU has a 1.07% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

METU vs. SGOV - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 4.86%, more than SGOV's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
METU Direxion Daily META Bull 2X ETF	4.86%	3.00%	1.40%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.85%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both METU and SGOV in my portfolio?

METU and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, METU or SGOV?

METU has higher volatility (25.96%) compared to SGOV (0.06%). In terms of maximum drawdown, METU dropped -61.85% vs SGOV's -0.03%.

Which ETF is better, METU or SGOV?

On 1-year performance, SGOV leads with 3.92% vs -49.17% for METU. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METU or SGOV?

Over the 1-year period, SGOV has performed better with a 3.92% return vs -49.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METU or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 1.07% for METU.

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

METU has the higher dividend yield at 4.86%, compared with 3.85% for SGOV.

What is the main difference between METU and SGOV?

METU is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.07% for METU and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.32 vs -0.68), 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.