FBLvsSPXLETF Comparison
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GraniteShares 2x Long META Daily ETF (FBL) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) belong to the same industry segment: Leveraged Equity. FBL is more expensive with a Total Expense Ratio (TER) of 1.09%, versus 0.95% for SPXL. FBL is down -27.57% year-to-date (YTD) with -$200M in YTD flows. SPXL performs better with 30.53% YTD performance, and -$379M in YTD flows. Run a side-by-side ETF comparison of FBL and SPXL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FBL vs SPXL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBL SPXL | -23.98%+0.64% | +4.20%+10.03% | -27.57%+30.53% | -46.38%+26.39% | +106.19%+330.02% | n/a+136.50% |
| Flows | FBL SPXL | +$26M-$19M | -$44M-$111M | -$200M-$379M | +$13M-$379M | +$114M-$2.19B | --$1.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBL SPXL | +95.21%+33.03% | +87.18%+37.59% | +77.23%+44.60% | n/a+51.68% |
| Max drawdown | FBL SPXL | -35.94%-9.84% | -58.03%-26.79% | -63.12%-49.12% | n/a-63.81% |
| Max drawdown duration | FBL SPXL | 32d75d | 362d94d | 616d228d | n/a890d |
Trading data
FBL | SPXL | |
Last sale 10/28/2026 at 1:30 PM | $22.25 | $288.95 |
| Previous close 10/27/2026 | $22.79 | $286.21 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 29, 2026
1-year trailing difference
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FBL | SPXL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
FBL | SPXL | |
|---|---|---|
| Last price | $22.25 | $288.95 |
| 1D performance | -2.37% | +0.96% |
| AuM | $137.00 M | $7.07 B |
| E/R | 1.09% | 0.95% |
Characteristics
FBL | SPXL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | GraniteShares | Direxion |
| Benchmark | Meta | S&P 500 Index |
| N° of holdings | - | - |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2022 | November 5, 2008 |
| ESG | No | No |
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Exposure
Exposure data will be available soon
Frequently asked questions about FBL and SPXL
How have the FBL and SPXL ETFs performed in 2026?
As of October 26, 2026, FBL is down -27.57% year-to-date (YTD), while SPXL has returned 30.53%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: FBL or SPXL?
Year-to-date, the FBL ETF saw -$200M in flows, compared to -$379M for SPXL.
Which ETF is more volatile: FBL or SPXL?
Over the past year, FBL had a volatility of 87.18%, while SPXL experienced 37.59%.
Which ETF is bigger: FBL or SPXL?
As of October 26, 2026, FBL holds $137.00 M in assets under management (AUM), while SPXL manages $7.07 B.
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Latest news about FBL & SPXL
Leveraged ETFs to take advantage of volatility
December 6, 2022
SPXL
Leverage ETFs, effective but potentially dangerous
June 22, 2022
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