METDDirexion Daily META Bear 1X ETF
Seeks daily investment results of 100% of the inverse of the daily performance of META.
By Direxion Funds · Launched 2024
Annual Cost
1.02%
#5,438 of 6,040 · expensive
Fund Size
$9M
#5,020 of 6,040 · small
Return (1Y)
+4.0%
Track Record
2 years
#3,535 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,349+3.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityStrategy
Inverse
Holdings
By weightConcentration
single-stock exposure — holdings shown are derivatives collateral, not the fund's position
DREYFUS GOVERNMENT CASH MANAGE
55.5%
GOLDMAN FINANCIAL
27.8%
DREYFUS
5.4%
N/A
3.3%
GOLDMAN SACHS LIQ ES FD A
2.2%
N/A
1.9%
N/A
0.9%
N/A
-0.1%
Asset allocation
Cash
90.8%
Stocks
9.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
39.8%High
Year-on-year price swings
Max drawdown
-46.0%Severe
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks daily investment results of 100% of the inverse of the daily performance of META.
- Strategy
- Invests at least 80% of net assets in financial instruments, including swap agreements and options, to provide 1X daily inverse exposure to META. Concentrated in the communication services sector, the Fund rebalances daily to maintain its inverse exposure.
- Inception date
- June 5, 2024
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18