BITX vs. UBOT
BITX (2x Bitcoin Strategy ETF) and UBOT (Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares) are both exchange-traded funds - BITX is a Cryptocurrency fund tracking the S&P CME Bitcoin Futures Daily Roll Index (200%), while UBOT is a Robotics fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). Both are passively managed. Over the past year, BITX returned -73.99% vs 33.80% for UBOT. At a 0.38 correlation, their price movements are largely independent. BITX charges 2.38%/yr vs 1.29%/yr for UBOT.
Performance
BITX vs. UBOT - Performance Comparison
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Returns By Period
In the year-to-date period, BITX achieves a -55.64% return, which is significantly lower than UBOT's 5.48% return.
BITX
- 1D
- 9.87%
- 1M
- -39.25%
- YTD
- -55.64%
- 6M
- -59.53%
- 1Y
- -73.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UBOT
- 1D
- 1.82%
- 1M
- -15.46%
- YTD
- 5.48%
- 6M
- 2.17%
- 1Y
- 33.80%
- 3Y*
- 8.33%
- 5Y*
- -7.80%
- 10Y*
- —
BITX vs. UBOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | -55.64% | -38.71% | 163.41% | 46.18% |
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | 5.48% | 13.42% | 12.02% | -0.65% |
Correlation
The correlation between BITX and UBOT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.38 |
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Return for Risk
BITX vs. UBOT — Risk / Return Rank
BITX
UBOT
BITX vs. UBOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 2x Bitcoin Strategy ETF (BITX) and Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BITX | UBOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.15 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.95 | -1.85 |
| Martin ratioReturn relative to average drawdown | -1.46 | 2.98 | -4.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITX | UBOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.85 | 0.69 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.07 | +0.09 |
Drawdowns
BITX vs. UBOT - Drawdown Comparison
The maximum BITX drawdown since its inception was -82.16%, roughly equal to the maximum UBOT drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for BITX and UBOT.
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Drawdown Indicators
| BITX | UBOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.16% | -86.01% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -82.16% | -35.90% | -46.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.90% | — |
Current DrawdownCurrent decline from peak | -80.39% | -48.92% | -31.47% |
Average DrawdownAverage peak-to-trough decline | -31.90% | -49.53% | +17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.80% | 11.35% | +39.45% |
Volatility
BITX vs. UBOT - Volatility Comparison
2x Bitcoin Strategy ETF (BITX) has a higher volatility of 23.70% compared to Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) at 18.11%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than UBOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITX | UBOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.70% | 18.11% | +5.59% |
Volatility (6M)Calculated over the trailing 6-month period | 69.45% | 37.38% | +32.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.88% | 48.99% | +38.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.49% | 53.12% | +45.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.49% | 63.52% | +34.97% |
BITX vs. UBOT - Expense Ratio Comparison
BITX has a 2.38% expense ratio, which is higher than UBOT's 1.29% expense ratio.
Dividends
BITX vs. UBOT - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 35.74%, more than UBOT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BITX 2x Bitcoin Strategy ETF | 35.74% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | 0.88% | 0.78% | 1.45% | 0.65% | 0.00% | 2.25% | 15.83% | 0.55% | 0.33% |
Frequently Asked Questions
BITX and UBOT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITX has higher volatility (23.70%) compared to UBOT (18.11%). In terms of maximum drawdown, BITX dropped -82.16% vs UBOT's -86.01%.
On 1-year performance, UBOT leads with 33.80% vs -73.99% for BITX. On fees, UBOT is cheaper at 1.29% per year. On volatility, UBOT has been the lower-risk option at 18.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UBOT has performed better with a 33.80% return vs -73.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UBOT is cheaper with a 1.29% expense ratio, compared with 2.38% for BITX.
BITX has the higher dividend yield at 35.74%, compared with 0.88% for UBOT.
BITX is categorized as Cryptocurrency, while UBOT is Robotics. BITX tracks S&P CME Bitcoin Futures Daily Roll Index (200%), while UBOT tracks Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). They also come from different issuers: Volatility Shares and Direxion. Their fees differ too: 2.38% for BITX and 1.29% for UBOT.
UBOT currently has the higher Sharpe Ratio (0.69 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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