FBL ETF — GraniteShares 2x Long META Daily ETF

GraniteShares 2x Long META Daily ETF (FBL)

FBL is an ETF that tracks the Meta (META). As of August 29, 2026, its trailing-12-month yield is 3.23%, its expense ratio is 1.09%. Dividend Vision Distribution Safety Score™ is 37/100 (Elevated risk). Fund total return is 498.1% over the past 3.7 years, 112.8 points ahead of META at 385.3%.

GraniteShares 2x Long META Daily ETF is a leveraged fund that seeks to deliver twice the daily performance of Meta Platforms stock through swaps, options, and direct stock purchases. The fund does not distribute income and carries an expense ratio of 1.09%. It appeals primarily to active traders and sophisticated investors seeking leveraged equity exposure to Meta on a daily basis, rather than long-term income or buy-and-hold investors.

FBL performance versus META

Data as of August 29, 2026.

Fund total return is 498.1% over the past 3.7 years, 112.8 points ahead of META at 385.3%. Its deepest 1-year drawdown was 61.7%.

FBL key facts

Data as of August 29, 2026.

Distribution Safety Score™

37 · Elevated risk

Issuer

GraniteShares

Asset type

ETF

Asset class

Equity

Inception date

12/12/2022

Expense ratio

1.09%

Distribution frequency

Annual

Trailing yield

3.23%

Last close

$20.85

AUM

$180,626,251

Average volume

747181.0

Ex-dividend date

12/29/2025

Payment date

12/31/2025

Beta

3.06

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.23%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 29, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 29, 2026.

Primary sources: GraniteShares fund page; Index: Meta (META); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FBL risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 61.7%.

Who may consider FBL — and who may not

It is a weaker fit for investors who need monthly cash flow (FBL pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from GraniteShares.