UBOT vs. QQQ
Compare and contrast key facts about Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) and Invesco QQQ (QQQ).
UBOT and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBOT is a passively managed fund by Direxion that tracks the performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). It was launched on Apr 19, 2018. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both UBOT and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBOT or QQQ.
Key characteristics
| UBOT | QQQ | |
|---|---|---|
| YTD Return | 27.14% | 26.02% |
| 1Y Return | 68.84% | 36.73% |
| 3Y Return (Ann) | -19.60% | 9.97% |
| 5Y Return (Ann) | 4.66% | 21.44% |
| Sharpe Ratio | 1.71 | 2.28 |
| Sortino Ratio | 2.20 | 2.98 |
| Omega Ratio | 1.29 | 1.41 |
| Calmar Ratio | 1.02 | 2.94 |
| Martin Ratio | 5.76 | 10.71 |
| Ulcer Index | 12.69% | 3.72% |
| Daily Std Dev | 42.81% | 17.35% |
| Max Drawdown | -86.01% | -82.98% |
| Current Drawdown | -51.55% | -0.06% |
Correlation
The correlation between UBOT and QQQ is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UBOT vs. QQQ - Performance Comparison
The year-to-date returns for both stocks are quite close, with UBOT having a 27.14% return and QQQ slightly lower at 26.02%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UBOT vs. QQQ - Expense Ratio Comparison
UBOT has a 1.29% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
UBOT vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) and Invesco QQQ (QQQ). 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.
Dividends
UBOT vs. QQQ - Dividend Comparison
UBOT's dividend yield for the trailing twelve months is around 1.11%, more than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | 1.11% | 0.65% | 0.00% | 2.25% | 15.83% | 0.56% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
UBOT vs. QQQ - Drawdown Comparison
The maximum UBOT drawdown since its inception was -86.01%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for UBOT and QQQ. For additional features, visit the drawdowns tool.
Volatility
UBOT vs. QQQ - Volatility Comparison
Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a higher volatility of 11.65% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that UBOT's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.