IWY vs. UBOT

Last updated Jun 4, 2026

IWY (iShares Russell Top 200 Growth ETF) and UBOT (Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares) are both exchange-traded funds - IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth 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, IWY returned 16.45%/yr vs -6.34%/yr for UBOT. A 0.77 correlation means they provide meaningful diversification when combined. IWY charges 0.20%/yr vs 1.29%/yr for UBOT.

Performance

IWY vs. UBOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Top 200 Growth ETF (IWY) 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, IWY achieves a 7.20% return, which is significantly lower than UBOT's 16.93% return.

IWY

• 1D: -1.41%
• 1M: 5.83%
• YTD: 7.20%
• 6M: 6.65%
• 1Y: 26.69%
• 3Y*: 25.47%
• 5Y*: 16.45%
• 10Y*: 19.57%

UBOT

• 1D: -1.65%
• 1M: 9.27%
• YTD: 16.93%
• 6M: 21.77%
• 1Y: 49.20%
• 3Y*: 12.40%
• 5Y*: -6.34%
• 10Y*: —

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

IWY vs. UBOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IWY iShares Russell Top 200 Growth ETF	7.20%	18.19%	34.89%	46.49%	-29.91%	31.05%	39.01%	36.20%	-4.19%
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares	16.93%	13.42%	12.02%	72.59%	-72.45%	9.78%	80.13%	87.34%	-71.27%

Correlation

The correlation between IWY and UBOT is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 20, 2018	0.77

The correlation between IWY and UBOT has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

IWY vs. UBOT - Sectors Allocation Comparison

Sectors	IWY	UBOT
Technology	54.9%	31.8%
Communication Services	13.9%	4.5%
Consumer Cyclical	11.4%	6.1%
Healthcare	6.6%	9.0%
Financial Services	5.6%	0.9%
Industrials	4.0%	48.6%
Consumer Defensive	3.0%	0.0%
Utilities	1.1%	0.0%
Real Estate	0.3%	-
Basic Materials	0.3%	0.0%
Energy	0.0%	0.5%

Return for Risk

IWY vs. UBOT — Risk / Return Rank

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

IWY

IWY Risk / Return Rank: 41
IWY Sharpe Ratio Rank: 49
IWY Sortino Ratio Rank: 46
IWY Omega Ratio Rank: 46
IWY Calmar Ratio Rank: 32
IWY Martin Ratio Rank: 34

UBOT

UBOT Risk / Return Rank: 29
UBOT Sharpe Ratio Rank: 28
UBOT Sortino Ratio Rank: 30
UBOT Omega Ratio Rank: 28
UBOT Calmar Ratio Rank: 28
UBOT Martin Ratio Rank: 30

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.

IWY vs. UBOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) 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.

	IWY	UBOT	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.04	+0.69
Sortino ratio: Return per unit of downside risk	2.36	1.66	+0.69
Omega ratio: Gain probability vs. loss probability	1.30	1.19	+0.11
Calmar ratio: Return relative to maximum drawdown	1.61	1.38	+0.23
Martin ratio: Return relative to average drawdown	5.26	4.39	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWY vs. UBOT - Sharpe Ratio Comparison

The current IWY Sharpe Ratio is 1.73, which is higher than the UBOT Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of IWY 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.

Sharpe Ratios by Period

	IWY	UBOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	1.04	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	-0.12	+0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	-0.05	+0.97

Drawdowns

IWY vs. UBOT - Drawdown Comparison

The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum UBOT drawdown of -86.01%. Use the drawdown chart below to compare losses from any high point for IWY and UBOT.

Drawdown Indicators

	IWY	UBOT	Difference
Max Drawdown Largest peak-to-trough decline	-32.68%	-86.01%	+53.33%
Max Drawdown (1Y) Largest decline over 1 year	-16.63%	-35.90%	+19.27%
Max Drawdown (3Y) Largest decline over 3 years	-23.22%	-51.64%	+28.42%
Max Drawdown (5Y) Largest decline over 5 years	-32.68%	-82.90%	+50.22%
Max Drawdown (10Y) Largest decline over 10 years	-32.68%	—	—
Current Drawdown Current decline from peak	-1.82%	-43.38%	+41.56%
Average Drawdown Average peak-to-trough decline	-4.75%	-49.53%	+44.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	11.24%	-6.15%

Volatility

IWY vs. UBOT - Volatility Comparison

The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 3.69%, while Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a volatility of 15.45%. This indicates that IWY 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

	IWY	UBOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	15.45%	-11.76%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	36.47%	-24.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	47.78%	-32.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.48%	52.94%	-31.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	63.46%	-42.49%

IWY vs. UBOT - Expense Ratio Comparison

IWY has a 0.20% expense ratio, which is lower than UBOT's 1.29% expense ratio.

Dividends

IWY vs. UBOT - Dividend Comparison

IWY's dividend yield for the trailing twelve months is around 0.33%, less than UBOT's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWY iShares Russell Top 200 Growth ETF	0.33%	0.36%	0.42%	0.68%	0.88%	0.50%	0.71%	1.06%	1.32%	1.26%	1.51%	1.58%
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares	0.80%	0.78%	1.45%	0.65%	0.00%	2.25%	15.83%	0.55%	0.33%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWY and UBOT in my portfolio?

IWY and UBOT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWY or UBOT?

UBOT has higher volatility (15.45%) compared to IWY (3.69%). In terms of maximum drawdown, IWY dropped -32.68% vs UBOT's -86.01%.

Which ETF is better, IWY or UBOT?

On 5-year performance, IWY leads with 16.45% vs -6.34% for UBOT. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWY or UBOT?

Over the 5-year period, IWY has performed better with a 16.45% return vs -6.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWY or UBOT?

IWY is cheaper with a 0.20% expense ratio, compared with 1.29% for UBOT.

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

UBOT has the higher dividend yield at 0.80%, compared with 0.33% for IWY.

What is the main difference between IWY and UBOT?

IWY is categorized as Large Cap Growth Equities, while UBOT is Robotics. IWY tracks Russell Top 200 Growth Index, while UBOT tracks Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.20% for IWY and 1.29% for UBOT.

Which has better risk-adjusted returns?

IWY currently has the higher Sharpe Ratio (1.73 vs 1.04), 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.