Direxion Daily META Bear 1X ETF
$12.51−0.19 (−1.50%)
- Expense ratio
- 1.19%
- Fund size
- $8M
- 1Y return
- −6.6%
- Yield · Last 12 months
- 3.89%
- Holdings
- 7
- Volume · 30D
- 0.6M sh
- NAV per share
- $13.96
- 52W range
The ETF.net METD Grade
Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 77Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 81Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 52Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 60Category rank
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
- 7
- 328%
- META SWAP ASSET LEG (METACTS)
METD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −18.7% |
| 1 month | −26.7% |
| 3 months | −27.0% |
| 1 year | −6.6% |
| 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 | −18.7% | |
| 2025 | −17.3% | |
| 2024 | −15.8% |
METD in the news
ETF.net Research hasn’t filed on METD yet — coverage lands here as it’s written.
METD Dividends
- 3.89%
- $0.49
- $0.06 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.06 |
| Jun 23, 2026 | Jun 30, 2026 | $0.10 |
| Mar 24, 2026 | Mar 31, 2026 | $0.07 |
| Dec 23, 2025 | Dec 31, 2025 | $0.13 |
| Sep 23, 2025 | Sep 30, 2025 | $0.13 |
| Jun 24, 2025 | Jul 1, 2025 | $0.10 |
| Mar 25, 2025 | Apr 1, 2025 | $0.17 |
| Dec 23, 2024 | Dec 31, 2024 | $0.22 |
| Sep 24, 2024 | Oct 1, 2024 | $0.18 |
| Jun 25, 2024 | Jul 2, 2024 | $0.05 |
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.
- 29.6%
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.
- −0.43
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.
- −48.2%
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
- The middle half of Single-Stock Inverse funds
- Median 1.35%
13 of the 43 Single-Stock Inverse funds charge less.