Direxion Daily META Bull 2X ETF
BThis 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.
$20.95−0.59 (−2.74%)
- 1.02%
- $373M
- −31.1%
- 3.84%
- 5.85M sh
- low $16.85high $39.74
The ETF.net METU Grade
B
Score 60 out of 100
- 37 of 380
Score 60 of 100 falls in the B 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.C44 out of 100Rank 212 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 150Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 70 of 368Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A75 out of 100Rank 58 of 380Holdings
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.A86 out of 100Rank 4 of 380
Our read on METU
In short
BMeta Platforms at double speed: METU aims for 200% of the stock's daily move, then resets every night. It's one of only two US ETFs built on that trade, and one of the busiest names in the leveraged single-stock aisle.
Stated mandate
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of Meta Platforms, Inc. common shares.
Why people hold it
Worth knowing
METU 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.
METU$6,894
Returns run to the Oct 30, 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 | METU |
|---|---|
| Year to date | −31.5% |
| 1 month | −29.7% |
| 3 months | +13.6% |
| 1 year | −31.1% |
| 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 | METU |
|---|---|---|
| 2026 YTD | −31.5% | |
| 2025 | −1.0% | |
| 2024 | +25.5% |
METU in the news
METU Dividends
- 3.84%
- $0.83
- $0.17 per share
- Quarterly
Distribution history
$10,000 in METU 1 year ago paid $257 in dividends.
METU 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.
- 73.1%
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.
- 0.17
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.
- −63.9%
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.
- 3.23
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
METU Cost
Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged
$14,857
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
METU 1.02%
$19,012
GOGL 0.20% Tied cheapest
$4,155
Cost over time
Year by year
| Year | METU | GOGL | Overpaying |
|---|---|---|---|
| 10 | $1,797 | $365 | $1,432 |
| 20 | $6,746 | $1,421 | $5,325 |
| 30 | $19,012 | $4,155 | $14,857 |
Other funds in Single-Stock Long Leveraged
- BCRWGLeverage Shares 2x Long CRWV Daily ETFExpense ratio 0.77%1 year return −94.5%
- BIREGLeverage Shares 2x Long IREN Daily ETFExpense ratio 0.75%1 year return
- CUNHUDirexion Daily UNH Bull 2X ETFExpense ratio 0.97%1 year return
- BAAPBGraniteShares 2x Long AAPL Daily ETFExpense ratio 1.21%1 year return +43.5%
- BARMWRoundhill ARM WeeklyPay ETFExpense ratio 1.00%1 year return +11.5%
