FBLGraniteShares 2x Long META Daily ETF
Seeks daily investment results of 2 times the daily percentage change of the common stock of Meta Platforms, Inc.
By Graniteshares · Launched 2022
1.09%
#5,423 of 5,861 · expensive
$198M
#2,367 of 5,861 · mid-size
-50.0%
3 years
#2,812 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Leveraged
What it actually holds
By weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of 2 times the daily percentage change of the common stock of Meta Platforms, Inc.
- Strategy
- Actively managed ETF aiming to replicate 200% of the daily performance of Meta Platforms, Inc. through swaps and options. Investment exposure is concentrated in the Computer Programming industry.
- Inception date
- December 12, 2022
- Fund family
- Graniteshares
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Most of these lose money
These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.
Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04