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ETFs

GraniteShares ETF Trust GraniteShares 1.5x Long Meta Daily ETF

FBL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 13 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$192,504
AUM
—
Associated Index
META
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META_TRS
Recv Long Meta Trs
148.78%
n/a
US Dollars
42.83%
META-1
Payb Long Meta Trs
-127.08%
Invest with FBL

What is FBL?

GraniteShares 1.5x Long META Daily ETF seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Meta Platforms Inc, (NASDAQ: META). The Fund is an actively managed exchange-traded fund that attempts to replicate 1.5 times (150%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 1.5 times the daily performance of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day."

ETFs related toFBL

ETFs correlated to FBL include XLC, FCOM, VOX

FBL
GraniteShares ETF Trust - GraniteShares 1.5x Long Meta Daily ETF
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
IXP
BlackRock Institutional Trust Company N.A. - iShares Global Comm Services ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
FNGS
Bank of Montreal - MicroSectors FANG ETNs
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
GFEB
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - February

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFBL

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with FBL using Composer

FAQ

FBL is a US Equities ETF. GraniteShares 1.5x Long META Daily ETF seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of Meta Platforms Inc, (NASDAQ: META). The Fund is an actively managed exchange-traded fund that attempts to replicate 1.5 times (150%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 1.5 times the daily performance of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day."

FBL tracks the META.

No, FBL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FBL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FBL is 0.3182%. This is the percent change in the value of FBL over the most recent 1-month period. The 3-month return on FBL is %. This is the percent change in the value of FBL over the most recent 3-month period.

ETFs similar to FBL include SSO, SPXL, and TNA.

ETFs correlated to FBL include XLC, FCOM, and VOX.

ETFs that are inversely correlated to FBL include WEBS, FNGD, and PSQ.

Yes, FBL is a Leveraged (1.5x) ETF: This means that FBL will try to match the performance of META, but with 1x the returns.

Yes, FBL is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of META, but move 1x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.