- Issuer
- GraniteShares
- Inception Date
- Sep 3, 2024
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $24M
Share Price Chart
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Performance
UBRL Performance Chart
GraniteShares 2x Long UBER Daily ETF (UBRL) is down 28.7% since the beginning of the year. UBRL is currently trading at $15 per share.
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Returns By Period
GraniteShares 2x Long UBER Daily ETF (UBRL) has returned -28.65% so far this year and -37.28% over the past 12 months.
GraniteShares 2x Long UBER Daily ETF
- 1D
- 0.19%
- 1M
- -7.56%
- YTD
- -28.65%
- 6M
- -42.96%
- 1Y
- -37.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
UBRL Monthly Returns History
Based on dividend-adjusted daily data since Sep 4, 2024, UBRL's average daily return is +0.02%, while the average monthly return is -0.70%.
Historically, 45% of months were positive and 55% were negative. The best month was Feb 2025 with a return of +24.7%, while the worst month was Dec 2024 at -31.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 6 months.
On a daily basis, UBRL closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +23.0%, while the worst single day was Dec 5, 2024 at -19.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.99% | -13.19% | -10.24% | 5.93% | -11.84% | 3.20% | -28.65% | ||||||
| 2025 | 21.10% | 24.72% | -9.27% | 18.71% | 5.74% | 20.62% | -12.33% | 12.32% | 7.68% | -3.96% | -19.30% | -14.42% | 45.90% |
| 2024 | 8.63% | -11.48% | -1.18% | -31.73% | -35.13% |
Benchmark Metrics
GraniteShares 2x Long UBER Daily ETF has an annualized alpha of -30.33%, beta of 2.17, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since September 05, 2024.
- This ETF participated in 251.21% of S&P 500 Index downside but only 33.04% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -30.33%
- Beta
- 2.17
- R²
- 0.22
- Upside Capture
- 33.04%
- Downside Capture
- 251.21%
Expense Ratio
UBRL has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UBRL ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long UBER Daily ETF (UBRL) and compare them to S&P 500 Index.
| UBRL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.41 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 2.93 | -3.59 |
| Martin ratioReturn relative to average drawdown | -1.12 | 13.52 | -14.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
GraniteShares 2x Long UBER Daily ETF provided a 14.64% dividend yield over the last twelve months, with an annual payout of $2.22 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.22 | $2.22 |
Dividend yield | 14.64% | 10.44% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long UBER Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $2.22 | $2.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long UBER Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long UBER Daily ETF was 56.25%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current GraniteShares 2x Long UBER Daily ETF drawdown is 54.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -56.25%Mar 2026 | 5mo 21d | — | 8mo 6hOct 2025 - now |
2024 bear market2024 | -54.28%Dec 2024 | 2mo | 6mo 26d | 8mo 26dOct 2024 - Jul 2025 |
2025 bear market2025 | -21.09%Aug 2025 | 23d | 1mo 22d | 2mo 15dJul 2025 - Sep 2025 |
2024 correction2024 | -11.50%Oct 2024 | 7d | 7d | 14dSep 2024 - Oct 2024 |
2024 correction2024 | -10.17%Sep 2024 | 7d | 1d | 8dSep 2024 - Sep 2024 |
Drawdown Indicators
| UBRL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.25% | -56.78% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -56.25% | -9.10% | -47.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -54.48% | -0.74% | -53.74% |
Average DrawdownAverage peak-to-trough decline | -28.34% | -10.72% | -17.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.27% | 1.97% | +31.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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