GraniteShares 2x Long META Daily ETFFBL

GraniteSharesSingle-Stock Leverage#86 of 228 by YTD

$23.42

+2.8% last session

−28.0% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 13, 2022 – Nov 4, 2026FBLS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+2.8%	−28.9%	+6.4%	−28.0%	−24.9%	+90.7%	—	+573.0%
Peer average	−2.9%	−22.6%	−23.2%	−26.7%	−36.8%	+34.3%	—	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $143M
Expense ratio: 1.08%
Distribution yield: 2.9%
NAV: $22.78
Volume: 1.0M
Avg. volume 30D: 830K
High today: $24.38
Low today: $23.10
Previous close: $22.79
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+399.7%$113M

#2PBRGLeverageShares+316.4%$2.0M

#3MUUDirexion+286.1%$2.4B

#4MULLGraniteShares+271.9%$428M

#5OSCXDefiance+240.0%$7.5M

#6AMUUDirexion+209.8%$57.6M

#7AMDLGraniteShares+204.0%$746M

#8AMDGLeverageShares+200.8%$17.9M

#86FBLGraniteShares−28.0%$143M

End-of-day Nov 5, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in FBL

$10,000 in FBL became

$67,299

In the S&P 500 (VOO)

$20,152

Total return, dividends in · Dec 13, 2022 – Nov 4, 2026 · S&P 500 uses VOO

FBL’s Top Holdings

Today

METAMeta66.6%1 more

METAMeta66.6%Other

Communication Services

GraniteShares FBL · 2 holdings · tile size = share of the fund · as of Nov 4, 2026

What FBL Holds

Today

Communication Services66.6%

META 66.6

Other holdings33.4%

[…]

GraniteShares FBL · share of the fund by sector · as of Nov 4, 2026

Meta’s Share of FBL

Today

66.6%

$666 of every $1,000 in FBL is Meta

Meta held by FBL

$95.4M

Most Meta per dollar

VOX25.3%

FCOM24.9%

GXPC24.1%

XLC21.9%

GraniteShares FBL · each square = $10 of $1,000 · as of Nov 4, 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 5, 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 5, 2026

Inside FBL

2 holdings · as of Nov 4, 2026

FBL

GraniteShares 2x Long META Daily ETF

Today

Communication Services66.6%METAMETA66.6%Other33.4%

#	Ticker	Company		Weight ▼
1	META	META		66.65%

Communication ServicesOther

GraniteShares FBL · current holdings by weight · as of Nov 4, 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%	−44.5%	−51.5%	$3.7B
NVDL	GraniteSharesRead Desk		1.65%	−5.8%	−26.5%	$2.9B
MUU	DirexionRead Desk		1.01%	+286.1%	+418.3%	$2.4B
GGLL	DirexionRead Desk		0.96%	−28.9%	−16.1%	$1.0B
SNXX	TradrRead Desk	New fund	1.49%	new	new	$780M
FBL	GraniteSharesThis fundRead Desk		1.08%	−28.0%	−24.9%	$143M

Single-Stock Leverage peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put FBL head to head with TSLL →

TSLL vs FBL

YTD

TSLLDirexionFBLGraniteShares

Year to date

−44.5%

−28.0%

FBL wins+16.5 pts

Past year

−51.5%

−24.9%

FBL wins+26.6 pts

Fee

0.95%

1.08%

TSLL winslower fee

Yield

9.3%

2.9%

TSLL wins+6.4 pts

AUM

$3.7B

$143M

TSLL25.7× more

2–2level

Direxion TSLL and GraniteShares FBL · year-to-date · as of Nov 5, 2026 · AUM not scored

FBL vs VOO

YTD

FBL · GraniteShares 2x Long META Daily

−28.0%

VOO · S&P 500

+13.4%

Gap

41.3 pts

GraniteShares FBL and Vanguard VOO · YTD total return · as of Nov 5, 2026

FBL vs Its Peer Average

YTD

FBLAvsBPeer average

1D+2.8%−2.9%

1M−28.9%−22.6%

3M+6.4%−23.2%

YTD−28.0%−26.7%

1Y−24.9%−36.8%

3Y+90.7%+34.3%

4–2FBL wins

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

The Details

FBL

Risk

5/5our risk indicator

CalmerBumpier

Volatility · 1Y82.03%

Deepest drop · 1Y−53.6%

Lowest point · 5Y−6.3%

52-week range

$23.42

$17.43−41.9% from the high$40.28

GraniteShares FBL · past-year price moves · as of Nov 5, 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 5, 2026

FBL

Payouts by Year

$0.67per share, Dec 2025

Distribution yield2.9%

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 today1.0M

Average volume · 30D830K

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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