Direxion Daily META Bear 1X ETF
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$12.17−0.33 (−2.64%)
- 1.19%
- $13M
- −15.3%
- 2.89%
- 0.7M sh
- $12.95
- low $11.98high $19.54
The ETF.net METD Grade
A
Score 73 out of 100
- 15 of 58
Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A77 out of 100Rank 14 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A83 out of 100Rank 29 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A78 out of 100Rank 3 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 26 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 14 of 58
Our read on METD
AThe unleveraged bear. METD aims to deliver 100% of the inverse of Meta's daily move, with no 2x or 3x multiplier bolted on. A short-Meta position you can put on in a plain brokerage account.
The fund seeks daily investment results equal to 100% of the inverse performance of Meta Platforms, Inc. common shares, before fees and expenses.
Why people hold it
- Straight -1x: it targets the opposite of META's daily move, no leverage stacked on top. Much of the inverse single-stock cohort runs 2x.direxion.com
- No margin account, no locating shares to borrow, no exposure beyond the cash you put in. Shorting Meta the old way offers none of those.direxion.com
- Fee of 1.19% sits under the median for inverse single-stock funds, and the adviser has contractually capped certain operating expenses at 0.95% through September 1, 2027.direxion.com
- One of the stronger-rated builds among inverse single-stock ETFs in our review.
Worth knowing
- Resets every day. Hold longer and Meta's path matters as much as its direction; choppy stretches can pull results away from a simple -1x.direxion.com
- Direxion's 1x bears on Apple (AAPD) and Tesla (TSLS) charge less, so the Meta version costs a bit more for the same daily -1x plumbing.
- One stock, one direction, and it is not among the heavily traded inverse funds. Earnings night can move it hard; watch the spread when you trade.direxion.com
METD Holdings
- Other
- 4
- 4917%
- Dreyfus Govt Cash Man Ins
METD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
METD$8,475
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | METD |
|---|---|
| Year to date | −20.0% |
| 1 month | −14.6% |
| 3 months | −13.4% |
| 1 year | −15.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | METD |
|---|---|---|
| 2026 YTD | −20.0% | |
| 2025 | −17.3% | |
| 2024 | −15.8% |
METD in the news
METD Dividends
- 2.89%
- $0.36
- $0.06 per share
- Quarterly
Distribution history
METD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 32.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −50.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.52
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
METD Cost
1.19%
METD1.19%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
13 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- ANVDDDirexion Daily NVDA Bear 1X ETFExpense ratio 1.01%1 year return −24.2%
- AORCSDirexion Daily ORCL Bear 1X ETFExpense ratio 0.99%1 year return —
- ANVDQT-REX 2X Inverse NVIDIA Daily Target ETFExpense ratio 1.05%1 year return −56.0%
- ANVDGraniteShares 2x Short NVDA Daily ETFExpense ratio 1.35%1 year return −54.1%
- BPLTZDaily Target 2X Short PLTR ETFExpense ratio 1.31%1 year return −79.0%