METX vs. FBL
Compare and contrast key facts about Meten Holding Group Ltd. (METX) and GraniteShares 2x Long META Daily ETF (FBL).
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: METX or FBL.
Key characteristics
| METX | FBL |
|---|
Correlation
The correlation between METX and FBL is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
METX vs. FBL - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
METX vs. FBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Meten Holding Group Ltd. (METX) 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.
Dividends
METX vs. FBL - Dividend Comparison
METX has not paid dividends to shareholders, while FBL's dividend yield for the trailing twelve months is around 24.30%.
| TTM | 2023 | |
|---|---|---|
METX Meten Holding Group Ltd. | 0.00% | 0.00% |
FBL GraniteShares 2x Long META Daily ETF | 24.30% | 51.58% |
Drawdowns
METX vs. FBL - Drawdown Comparison
Volatility
METX vs. FBL - Volatility Comparison
The current volatility for Meten Holding Group Ltd. (METX) is 0.00%, while GraniteShares 2x Long META Daily ETF (FBL) has a volatility of 16.02%. This indicates that METX experiences smaller price fluctuations and is considered to be less risky than FBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.