BRZU vs. UBOT

Last updated Jul 22, 2026

BRZU (Direxion Daily Brazil Bull 2X Shares) and UBOT (Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares) are both exchange-traded funds - BRZU is a Leveraged Equities fund tracking the MSCI Brazil 25/50 Index, while UBOT is a Robotics fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). Both are passively managed. Over the past 5 years, BRZU returned -0.23%/yr vs -10.84%/yr for UBOT. At a 0.41 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.

Performance

BRZU vs. UBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Brazil Bull 2X Shares (BRZU) and Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRZU achieves a 19.49% return, which is significantly higher than UBOT's -14.56% return.

BRZU

• 1D: 0.96%
• 1M: 10.98%
• 6M: 7.54%
• YTD: 19.49%
• 1Y: 68.34%
• 3Y*: 4.99%
• 5Y*: -0.23%
• 10Y*: -19.99%
• ALL TIME*: -30.13%

UBOT

• 1D: 3.58%
• 1M: -18.55%
• 6M: -18.05%
• YTD: -14.56%
• 1Y: -1.35%
• 3Y*: -0.24%
• 5Y*: -10.84%
• 10Y*: —
• ALL TIME*: -7.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRZU vs. UBOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BRZU Direxion Daily Brazil Bull 2X Shares	19.49%	97.99%	-57.07%	55.48%	8.30%	-39.23%	-91.34%	57.02%	-46.32%
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares	-14.56%	13.42%	12.02%	72.59%	-72.45%	9.78%	80.13%	87.34%	-71.74%

Correlation

The correlation between BRZU and UBOT is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018	0.41

BRZU vs. UBOT - Sectors Allocation Comparison

Sectors	BRZU	UBOT
Financial Services	34.5%	0.9%
Energy	15.1%	0.5%
Basic Materials	14.5%	0.0%
Utilities	13.5%	0.0%
Industrials	11.6%	50.8%
Consumer Defensive	4.7%	0.0%
Healthcare	2.2%	8.0%
Communication Services	2.1%	4.2%
Consumer Cyclical	1.4%	6.2%
Technology	0.4%	30.8%
Real Estate	-	-

Return for Risk

BRZU vs. UBOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRZU

BRZU Risk / Return Rank: 49
BRZU Sharpe Ratio Rank: 53
BRZU Sortino Ratio Rank: 50
BRZU Omega Ratio Rank: 50
BRZU Calmar Ratio Rank: 50
BRZU Martin Ratio Rank: 40

UBOT

UBOT Risk / Return Rank: 11
UBOT Sharpe Ratio Rank: 10
UBOT Sortino Ratio Rank: 13
UBOT Omega Ratio Rank: 12
UBOT Calmar Ratio Rank: 10
UBOT Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRZU vs. UBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Brazil Bull 2X Shares (BRZU) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BRZU	UBOT	Difference
Sharpe ratio: Return per unit of total volatility	1.39	-0.03	+1.41
Sortino ratio: Return per unit of downside risk	1.91	0.34	+1.57
Omega ratio: Gain probability vs. loss probability	1.24	1.04	+0.20
Calmar ratio: Return relative to maximum drawdown	1.91	-0.04	+1.95
Martin ratio: Return relative to average drawdown	4.63	-0.10	+4.73

BRZU vs. UBOT - Sharpe Ratio Comparison

The current BRZU Sharpe Ratio is 1.39, which is higher than the UBOT Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of BRZU and UBOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRZU vs. UBOT - Drawdown Comparison

The maximum BRZU drawdown since its inception was -99.71%, which is greater than UBOT's maximum drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for BRZU and UBOT.

Drawdown Indicators

	BRZU	UBOT	Difference
Max Drawdown Largest peak-to-trough decline	-99.71%	-86.24%	-13.47%
Max Drawdown (1Y) Largest decline over 1 year	-35.97%	-35.90%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-58.25%	-51.64%	-6.61%
Max Drawdown (5Y) Largest decline over 5 years	-62.89%	-82.90%	+20.01%
Max Drawdown (10Y) Largest decline over 10 years	-98.11%	—	—
Current Drawdown Current decline from peak	-99.14%	-58.63%	-40.51%
Average Drawdown Average peak-to-trough decline	-89.62%	-49.86%	-39.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.80%	13.95%	+0.85%

Volatility

BRZU vs. UBOT - Volatility Comparison

The current volatility for Direxion Daily Brazil Bull 2X Shares (BRZU) is 11.19%, while Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a volatility of 19.42%. This indicates that BRZU experiences smaller price fluctuations and is considered to be less risky than UBOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRZU	UBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	19.42%	-8.23%
Volatility (6M) Calculated over the trailing 6-month period	39.80%	42.46%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	49.55%	52.53%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.16%	53.88%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.28%	63.57%	+18.71%

BRZU vs. UBOT - Expense Ratio Comparison

Both BRZU and UBOT have an expense ratio of 1.29%.

Dividends

BRZU vs. UBOT - Dividend Comparison

BRZU's dividend yield for the trailing twelve months is around 1.89%, more than UBOT's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRZU Direxion Daily Brazil Bull 2X Shares	1.89%	2.39%	8.73%	3.24%	4.70%	6.29%	0.78%	0.95%	1.04%	0.74%
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares	1.15%	0.78%	1.45%	0.65%	0.00%	2.25%	15.83%	0.55%	0.33%	0.00%

Frequently Asked Questions

Can I hold both BRZU and UBOT in my portfolio?

BRZU and UBOT have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRZU or UBOT?

UBOT has higher volatility (19.42%) compared to BRZU (11.19%). In terms of maximum drawdown, BRZU dropped -99.71% vs UBOT's -86.24%.

Which ETF is better, BRZU or UBOT?

On 5-year performance, BRZU leads with -0.23% vs -10.84% for UBOT. Both ETFs have the same 1.29% expense ratio. On volatility, BRZU has been the lower-risk option at 11.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRZU or UBOT?

Over the 5-year period, BRZU has performed better with a -0.23% return vs -10.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRZU or UBOT?

BRZU and UBOT have the same expense ratio: 1.29% per year.

Which ETF pays a higher dividend yield, BRZU or UBOT?

BRZU has the higher dividend yield at 1.89%, compared with 1.15% for UBOT.

What is the main difference between BRZU and UBOT?

BRZU is categorized as Leveraged Equities, while UBOT is Robotics. BRZU tracks MSCI Brazil 25/50 Index, while UBOT tracks Indxx Global Robotics & Artificial Intelligence Thematic Index (300%).

Which has better risk-adjusted returns?

BRZU currently has the higher Sharpe Ratio (1.39 vs -0.03), 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.