Direxion Daily META Bear 1X Shares (METD) Performance
METD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −8.0% since Dec 31, 2025
- 1 year
- +1.3% total return
- Since first price
- −36.0% since 2024
METD trailing returns vs SPY, QQQ, AGG
| Period | METD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +14.4% | +14.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.5% | −10.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.1% | −6.1% | +7.8% | +8.4% | −1.5% |
| YTD | −8.0% | −9.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.3% | −1.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 5, 2024 | −36.0% | −40.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: METD vs SPY
From Jun 5, 2024: METD grew to $6,400, SPY to $14,633.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
METD returns by calendar year
0 of 1 full years positive. Best 2025 (−17.3%), worst 2025 (−17.3%). 2026 is year to date.
METD annual returns table
| Year | METD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −8.0% | −37.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −17.3% | −39.9% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
METD largest drawdowns
Now 40.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 25, 2024 | −50.6% | Sep 24, 2026 | not yet | 2.2 years | 2.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
METD risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −21.4% |
| Volatility (annualized) | 32.6% |
| Sharpe ratio | -0.69 |
| Sortino ratio | -0.83 |
| Best month | +14.9% |
| Worst month | −23.0% |
| Best 12 months | +28.4% |
| Worst 12 months | −42.5% |
| Positive months | 41% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
METD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 17 | −42.5% | −11.3% | +28.4% | 18% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
METD performance overview
Direxion Daily META Bear 1X Shares (METD) returned +1.3% over the past year, with distributions reinvested. Since its first recorded price on Jun 5, 2024 it has returned −36.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −50.6%, from Jul 25, 2024 to Sep 24, 2026; the fund has not yet regained that high. Volatility has been 32.6% a year.
Related: METD chart, METD dividends. See the METD overview for the latest quote and fund facts.
METD performance FAQ
What is the METD return over the past year?
METD returned +1.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.0%.
How much would $10,000 invested in METD be worth?
$10,000 invested in METD at its first recorded close on June 5, 2024 would be worth about $6,400 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of METD?
The largest peak-to-trough decline was −50.6% between July 25, 2024 and September 24, 2026. It has not yet recovered to that high; it is 40.9% below its peak.
How volatile is METD?
Over the past history METD had an annualized volatility of 32.6% and a Sharpe ratio of -0.69 (excess return over 1–3 month T-bills per unit of risk).