GraniteShares 2x Long META Daily ETFFBL

GraniteSharesSingle-Stock Leverage#89 of 228 by YTD

$22.79

+4.8% last session

−29.9% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026FBLS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+4.8%	−31.4%	+3.9%	−29.9%	−29.2%	+91.4%	—	+554.9%
Peer average	+4.3%	−22.5%	−23.8%	−25.0%	−34.8%	+35.9%	—	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $143M
Expense ratio: 1.08%
Distribution yield: 3.0%
NAV: $22.78
Volume: 213K
Avg. volume 30D: 846K
High today: $23.02
Low today: $21.97
Previous close: $21.75
52-week high: $40.28
52-week low: $17.43
Our risk indicator: 5/5

FBL in One Breath

FBL Among Single-Stock Leverage ETFs

YTD

#1DLLLGraniteShares+506.3%$113M

#2MUUDirexion+349.0%$2.4B

#3MULLGraniteShares+331.2%$428M

#4PBRGLeverageShares+316.4%$2.0M

#5AMUUDirexion+204.3%$57.6M

#6AMDLGraniteShares+199.0%$746M

#7AMDGLeverageShares+196.1%$17.9M

#8OSCXDefiance+190.6%$7.5M

#89FBLGraniteShares−29.9%$143M

End-of-day Nov 4, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in FBL

$10,000 in FBL became

$65,489

In the S&P 500 (VOO)

$19,830

Total return, dividends in · Dec 13, 2022 – Nov 3, 2026 · S&P 500 uses VOO

FBL’s Top Holdings

Today

METAMeta66.7%1 more

METAMeta66.7%Other

Communication Services

GraniteShares FBL · 2 holdings · tile size = share of the fund · as of Nov 3, 2026

What FBL Holds

Today

Communication Services66.7%

META 66.7

Other holdings33.3%

[…]

GraniteShares FBL · share of the fund by sector · as of Nov 3, 2026

Meta’s Share of FBL

Today

66.7%

$667 of every $1,000 in FBL is Meta

Meta held by FBL

$95.4M

Most Meta per dollar

VOX25.3%

FCOM24.6%

GXPC24.1%

XLC22.1%

GraniteShares FBL · each square = $10 of $1,000 · as of Nov 3, 2026

FBL’s Size vs Its Peers

Today

$143M#30 by size of 391 single-stock leverage ETFs

AUM · FBL and the 5 largest peers · Nov 4, 2026

FBL Fee per $100 vs Peers

Today

$1.08a year
per $100

$108 a year on $10,000

TSLL$0.95

GGLL$0.96

MUU$1.01

FBL$1.08

SNXX$1.49

NVDL$1.65

Expense ratio · Single-Stock Leverage peers · Nov 4, 2026

Inside FBL

2 holdings · as of Nov 3, 2026

FBL

GraniteShares 2x Long META Daily ETF

Today

Communication Services66.7%METAMETA66.7%Other33.3%

#	Ticker	Company		Weight ▼
1	META	META		66.66%

Communication ServicesOther

GraniteShares FBL · current holdings by weight · as of Nov 3, 2026 · each tile is one holding

How It Compares

FBL

GraniteShares 2x Long META Daily ETF’s Peers

YTD

		Trend
TSLL	DirexionRead Desk		0.95%	−40.7%	−45.6%	$3.7B
NVDL	GraniteSharesRead Desk		1.65%	+0.3%	−18.2%	$2.9B
MUU	DirexionRead Desk		1.01%	+349.0%	+563.5%	$2.4B
GGLL	DirexionRead Desk		0.96%	−33.2%	−19.9%	$1.0B
SNXX	TradrRead Desk	New fund	1.49%	new	new	$780M
FBL	GraniteSharesThis fundRead Desk		1.08%	−29.9%	−29.2%	$143M

Single-Stock Leverage peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FBL head to head with TSLL →

TSLL vs FBL

YTD

TSLLDirexionFBLGraniteShares

Year to date

−40.7%

−29.9%

FBL wins+10.8 pts

Past year

−45.6%

−29.2%

FBL wins+16.4 pts

Fee

0.95%

1.08%

TSLL winslower fee

Yield

8.7%

3.0%

TSLL wins+5.8 pts

AUM

$3.7B

$143M

TSLL25.7× more

2–2level

Direxion TSLL and GraniteShares FBL · year-to-date · as of Nov 4, 2026 · AUM not scored

FBL vs VOO

YTD

FBL · GraniteShares 2x Long META Daily

−29.9%

VOO · S&P 500

+11.5%

Gap

41.4 pts

GraniteShares FBL and Vanguard VOO · YTD total return · as of Nov 4, 2026

FBL vs Its Peer Average

YTD

FBLAvsBPeer average

1D+4.8%+4.3%

1M−31.4%−22.5%

3M+3.9%−23.8%

YTD−29.9%−25.0%

1Y−29.2%−34.8%

3Y+91.4%+35.9%

4–2FBL wins

390 Single-Stock Leverage peers · each row scaled to its leader

The Details

FBL

Risk

5/5our risk indicator

CalmerBumpier

Volatility · 1Y82.04%

Deepest drop · 1Y−53.6%

Lowest point · 5Y−6.3%

52-week range

$22.79

$17.43−43.4% from the high$40.28

GraniteShares FBL · past-year price moves · as of Nov 4, 2026

FBL

Fund Facts

Today

2022launched Dec 13

Tracks[…]

Exchange · CUSIPNASDAQ · 38747R843

StructureETF

Leverage2x

Cost on $10,000$108 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

GraniteShares FBL · fund facts · as of Nov 4, 2026

FBL

Payouts by Year

$0.67per share, Dec 2025

Distribution yield3.0%

Paid[…]

Latest ex-date · paidDec 29 · Dec 31, 2025

2 payouts added up$8.68 a share

GraniteShares FBL · distributions by ex-date · 2023–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$22.78

Premium / discount[…]

Median spread · 30D[…]

Volume today213K

Average volume · 30D846K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.08%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$108.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 29, 2025	Dec 31, 2025	$0.67
Dec 27, 2023	Dec 29, 2023	$8.00

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