METU vs ZAPR
Direxion Daily META Bull 2X ETF vs Innovator Equity Defined Protection ETF - 1 Yr April
Which is better, METU or ZAPR?
ZAPR has been ahead.
ZAPR has a lower expense ratio. ZAPR led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | METU | ZAPR |
|---|---|---|
| Expense Ratio | 1.02% | 0.79%Best |
| AUM | $506M | $68M |
| Dividend Yield | 2.70% | 0.00% |
| Holdings | 20 | 21 |
| YTD Return | +2.89% | +5.06%Best |
| 1Y Return | -17.61% | +6.36%Best |
| Volatility (annualized) | 74.0% | 1.1%Best |
| Max Drawdown | -63.6% | -1.7%Best |
| $10,000 over 1.5 years | $10,427 | $11,037Best |
| Fund Family | Direxion Shares ETF Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 5, 2024 | Apr 1, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 1, 2025 to Oct 14, 2026 (1.5 years).
METU vs ZAPR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
METU vs ZAPR Performance
Direxion Daily META Bull 2X ETF (METU) is an ETF from Direxion Shares ETF Trust and Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) is an ETF from Innovator ETFs Trust. Over the past year METU returned -17.61% while ZAPR returned +6.36%. Year to date, METU is up 2.89% versus a gain of 5.06% for ZAPR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METU has been the more volatile fund, with annualized monthly volatility of 74.0% compared with 1.1% for ZAPR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.6% for METU and -1.7% for ZAPR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
METU charges 1.02% per year while ZAPR charges 0.79%. On a $10,000 position that is $102 vs $79 annually, a gap of $23 per year that compounds over a long holding period. On income, METU currently yields 2.70% against 0.00% for ZAPR.
Holdings Overlap
We hold position weights for 4 holdings in METU and 1 in ZAPR, totalling 87.8% and 112.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in METU and 1 in ZAPR, against full books of 20 and 21.
You are not choosing between two funds in isolation.
Whichever of METU and ZAPR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, METU or ZAPR?
METU has an expense ratio of 1.02% while ZAPR charges 0.79%. ZAPR is the cheaper option, by $23 a year on a $10,000 investment.
Which performed better, METU or ZAPR?
Over the past year METU returned -17.61% vs +6.36% for ZAPR, so ZAPR leads on 1-year performance. Over the longest common window we track (2 years), METU annualized +2.83% vs +6.80% for ZAPR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, METU or ZAPR?
METU has been the more volatile fund at 74.0% annualized versus 1.1% for ZAPR. Worst drawdown: METU -63.6% vs ZAPR -1.7%.
Should I hold both METU and ZAPR?
METU and ZAPR have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, METU or ZAPR?
METU yields 2.70% while ZAPR yields 0.00%, so METU currently pays the higher dividend yield.
Is ZAPR better than METU?
ZAPR has a lower expense ratio. ZAPR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.