METU vs. SIG
METU (Direxion Daily META Bull 2X ETF) is Leveraged Equities fund actively managed by Direxion, while SIG (Signet Jewelers Limited) is a stock. Over the past year, METU returned -45.28% vs 19.68% for SIG. At a 0.25 correlation, their price movements are largely independent.
Performance
METU vs. SIG - Performance Comparison
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Returns By Period
In the year-to-date period, METU achieves a -34.42% return, which is significantly lower than SIG's 9.70% return.
METU
- 1D
- -0.71%
- 1M
- -16.47%
- YTD
- -34.42%
- 6M
- -31.54%
- 1Y
- -45.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SIG
- 1D
- -1.63%
- 1M
- 18.77%
- YTD
- 9.70%
- 6M
- 3.75%
- 1Y
- 19.68%
- 3Y*
- 17.13%
- 5Y*
- 5.20%
- 10Y*
- 2.83%
METU vs. SIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METU Direxion Daily META Bull 2X ETF | -34.42% | -1.01% | 28.79% |
SIG Signet Jewelers Limited | 9.70% | 4.46% | -24.32% |
Correlation
The correlation between METU and SIG is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | 0.25 |
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Return for Risk
METU vs. SIG — Risk / Return Rank
METU
SIG
METU vs. SIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and Signet Jewelers Limited (SIG). 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 | SIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.09 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.54 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.36 | 1.24 | -2.60 |
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Drawdowns
METU vs. SIG - Drawdown Comparison
The maximum METU drawdown since its inception was -61.85%, smaller than the maximum SIG drawdown of -95.53%. Use the drawdown chart below to compare losses from any high point for METU and SIG.
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Drawdown Indicators
| METU | SIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.85% | -95.53% | +33.68% |
Max Drawdown (1Y)Largest decline over 1 year | -61.52% | -29.73% | -31.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.23% | — |
Current DrawdownCurrent decline from peak | -58.08% | -26.24% | -31.84% |
Average DrawdownAverage peak-to-trough decline | -23.93% | -31.47% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.46% | 12.86% | +21.60% |
Volatility
METU vs. SIG - Volatility Comparison
Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 20.46% compared to Signet Jewelers Limited (SIG) at 14.22%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than SIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METU | SIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.46% | 14.22% | +6.24% |
Volatility (6M)Calculated over the trailing 6-month period | 54.04% | 35.06% | +18.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.96% | 46.81% | +24.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.35% | 53.06% | +19.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.35% | 65.30% | +7.05% |
Dividends
METU vs. SIG - Dividend Comparison
METU's dividend yield for the trailing twelve months is around 4.71%, more than SIG's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METU Direxion Daily META Bull 2X ETF | 4.71% | 3.00% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SIG Signet Jewelers Limited | 1.45% | 1.51% | 1.36% | 0.83% | 1.15% | 0.41% | 1.36% | 6.81% | 4.47% | 2.10% | 1.06% | 0.68% |
Frequently Asked Questions
METU and SIG have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
METU has higher volatility (20.46%) compared to SIG (14.22%). In terms of maximum drawdown, METU dropped -61.85% vs SIG's -95.53%.
SIG currently has the higher Sharpe Ratio (0.34 vs -0.66), 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.
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