METU vs. XHB

Last updated Jun 14, 2026

METU (Direxion Daily META Bull 2X ETF) and XHB (SPDR S&P Homebuilders ETF) are both exchange-traded funds - METU is a Leveraged Equities fund actively managed by Direxion, while XHB is a Building & Construction fund tracking the S&P Homebuilders Select Industry Index. METU is actively managed, while XHB is passively managed. Over the past year, METU returned -45.28% vs 14.89% for XHB. At a 0.19 correlation, their price movements are largely independent. METU charges 1.07%/yr vs 0.35%/yr for XHB.

Performance

METU vs. XHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily META Bull 2X ETF (METU) and SPDR S&P Homebuilders ETF (XHB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METU achieves a -34.42% return, which is significantly lower than XHB's 4.66% return.

METU

• 1D: -0.71%
• 1M: -16.47%
• YTD: -34.42%
• 6M: -31.54%
• 1Y: -45.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XHB

• 1D: -0.22%
• 1M: 11.70%
• YTD: 4.66%
• 6M: 0.06%
• 1Y: 14.89%
• 3Y*: 12.84%
• 5Y*: 9.05%
• 10Y*: 13.53%

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

METU vs. XHB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
METU Direxion Daily META Bull 2X ETF	-34.42%	-1.01%	28.79%
XHB SPDR S&P Homebuilders ETF	4.66%	-0.69%	3.03%

Correlation

The correlation between METU and XHB 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	0.19

METU vs. XHB - Sectors Allocation Comparison

Sectors	METU	XHB
Communication Services	100.0%	-
Basic Materials	-	-
Consumer Cyclical	-	60.5%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	38.4%
Real Estate	-	1.1%
Technology	-	-
Utilities	-	-

Return for Risk

METU vs. XHB — Risk / Return Rank

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

METU

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

XHB

XHB Risk / Return Rank: 17
XHB Sharpe Ratio Rank: 17
XHB Sortino Ratio Rank: 18
XHB Omega Ratio Rank: 17
XHB Calmar Ratio Rank: 17
XHB Martin Ratio Rank: 15

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. XHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) and SPDR S&P Homebuilders ETF (XHB). 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	XHB	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	0.42	-1.08
Sortino ratio: Return per unit of downside risk	-0.76	0.87	-1.63
Omega ratio: Gain probability vs. loss probability	0.90	1.09	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.77	0.55	-1.31
Martin ratio: Return relative to average drawdown	-1.36	1.13	-2.49

METU vs. XHB - Sharpe Ratio Comparison

The current METU Sharpe Ratio is -0.66, which is lower than the XHB Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of METU and XHB, 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. XHB - Drawdown Comparison

The maximum METU drawdown since its inception was -61.85%, smaller than the maximum XHB drawdown of -81.61%. Use the drawdown chart below to compare losses from any high point for METU and XHB.

Drawdown Indicators

	METU	XHB	Difference
Max Drawdown Largest peak-to-trough decline	-61.85%	-81.61%	+19.76%
Max Drawdown (1Y) Largest decline over 1 year	-61.52%	-21.71%	-39.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.57%	—
Current Drawdown Current decline from peak	-58.08%	-13.34%	-44.74%
Average Drawdown Average peak-to-trough decline	-23.93%	-27.58%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.46%	10.51%	+23.95%

Volatility

METU vs. XHB - Volatility Comparison

Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 20.46% compared to SPDR S&P Homebuilders ETF (XHB) at 9.42%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	METU	XHB	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.46%	9.42%	+11.04%
Volatility (6M) Calculated over the trailing 6-month period	54.04%	20.63%	+33.41%
Volatility (1Y) Calculated over the trailing 1-year period	70.96%	28.30%	+42.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.35%	27.77%	+44.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.35%	27.47%	+44.88%

METU vs. XHB - Expense Ratio Comparison

METU has a 1.07% expense ratio, which is higher than XHB's 0.35% expense ratio.

Dividends

METU vs. XHB - Dividend Comparison

METU's dividend yield for the trailing twelve months is around 4.71%, more than XHB's 0.60% 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%
XHB SPDR S&P Homebuilders ETF	0.60%	0.78%	0.59%	0.77%	1.06%	0.51%	0.73%	0.89%	1.25%	0.72%	0.67%	0.50%

Frequently Asked Questions

Can I hold both METU and XHB in my portfolio?

METU and XHB 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.

Which is riskier, METU or XHB?

METU has higher volatility (20.46%) compared to XHB (9.42%). In terms of maximum drawdown, METU dropped -61.85% vs XHB's -81.61%.

Which ETF is better, METU or XHB?

On 1-year performance, XHB leads with 14.89% vs -45.28% for METU. On fees, XHB is cheaper at 0.35% per year. On volatility, XHB has been the lower-risk option at 9.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, METU or XHB?

Over the 1-year period, XHB has performed better with a 14.89% return vs -45.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, METU or XHB?

XHB is cheaper with a 0.35% expense ratio, compared with 1.07% for METU.

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

METU has the higher dividend yield at 4.71%, compared with 0.60% for XHB.

What is the main difference between METU and XHB?

METU is categorized as Leveraged Equities, while XHB is Building & Construction. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.07% for METU and 0.35% for XHB.

Which has better risk-adjusted returns?

XHB currently has the higher Sharpe Ratio (0.42 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.