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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)
$4,422,694
AUM
$11,277,057
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

META_TRS
Recv Long Meta Trs
149.18%
—
US Dollars
25.71%
META-1
Payb Long Meta Trs
-149.07%
Invest with FBL
Trade FBL Options

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."

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YTD
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3Y
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FBL
Performance Measures**

for the time period Dec 13, 2022 to Dec 4, 2025

Returns

1M Trailing Return: 9.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -26.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -59.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 70.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.42

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 1.90

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFBL

ETFs correlated to FBL include XLC, AUGW, FCOM

FBL
GraniteShares ETF Trust - GraniteShares 1.5x Long Meta Daily ETF
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
FCOM
Fidelity Covington Trust - Fidelity MSCI Communication Services Index ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
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
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
FNGO
Bank of Montreal - MicroSectors FANG+Index 2X Leveraged ETNs

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.

Trading Strategies
Related toFBL

Six stars in the American sky

Category

Leveraged single-stock ETFs, US mega-cap tech, Concentrated growth, High risk/high volatility, Long-only

OOS Cumulative Return

242.47%

V1b Direxion Weekly Simplified Holiday Competition

Category

Tactical, Momentum/Breadth, Mega-cap Tech, Leveraged ETFs, Weekly Rebalance, Equity

OOS Cumulative Return

151.5%

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."

Yes, FBL is actively 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.

No, FBL is not passively managed. It is actively 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 0.0624%. This is the percent change in the value of FBL over the most recent 1-month period. The 3-month return on FBL is 0.0859%. This is the percent change in the value of FBL over the most recent 3-month period.

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

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

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

Yes, FBL is a Leveraged (1.5x) ETF.

No, FBL is not an inverse ETF.

Disclaimers

*

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.