Direxion Daily META Bull 2X ETF
$32.81+0.97 (+3.05%)
- Expense ratio
- 1.02%
- Fund size
- $490M
- 1Y return
- −29.3%
- Yield · Last 12 months
- 3.30%
- Holdings
- 9
- Volume · 30D
- 5.9M sh
- NAV per share
- $27.79
- 52W range
The ETF.net METU Grade
Score 62 of 100 sits in the B 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.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 98Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 91Category 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.AScore 86Category rank
Our read on METU
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.
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
- Clean mandate: 200% of Meta's daily move before fees, and it has tracked that target closely inside a cohort of 200-plus leveraged single-stock funds.direxion.com
- Very actively traded, which keeps execution workable for a product designed to be entered and exited on short horizons.
- At 1.02% a year it undercuts FBL, the other 2x META fund, and lands right at the typical fee for leveraged single-stock ETFs.
Worth knowing
- The 2x target resets daily. Hold longer and compounding takes over, so a choppy stretch can leave results far from twice Meta's move for the period.direxion.com
- One stock, no cushion. An earnings miss, an ad-market wobble or a regulatory headline at Meta lands with double force.
- Launched in 2024, so the track record spans a short run of market conditions, and the 1.02% fee is steep next to plain index funds.
METU Holdings
- Stocks
- 9
- 100%
- META SWAP ASSET LEG (METAGSL)
Sectors
- Communication100.0%
METU 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 | METU |
|---|---|
| Year to date | +1.2% |
| 1 month | +74.8% |
| 3 months | +57.0% |
| 1 year | −29.3% |
| 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 | METU |
|---|---|---|
| 2026 YTD | +1.2% | |
| 2025 | −1.0% | |
| 2024 | +25.5% |
METU in the news
ETF.net Research hasn’t filed on METU yet — coverage lands here as it’s written.
METU Dividends
- 3.30%
- $1.05
- $0.17 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.17 |
| Jun 23, 2026 | Jun 30, 2026 | $0.14 |
| Mar 24, 2026 | Mar 31, 2026 | $0.19 |
| Dec 23, 2025 | Dec 31, 2025 | $0.21 |
| Dec 10, 2025 | Dec 17, 2025 | $0.11 |
| Sep 23, 2025 | Sep 30, 2025 | $0.22 |
| Jun 24, 2025 | Jul 1, 2025 | $0.25 |
| Mar 25, 2025 | Apr 1, 2025 | $0.17 |
| Dec 23, 2024 | Dec 31, 2024 | $0.26 |
| Sep 24, 2024 | Oct 1, 2024 | $0.19 |
| Jun 25, 2024 | Jul 2, 2024 | $0.02 |
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.
- 62.4%
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.
- 0.02
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.
METU Cost
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
205 of the 329 Single-Stock Long Leveraged funds charge less.