UBOT vs. SPXS
UBOT (Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares) and SPXS (Direxion Daily S&P 500 Bear 3X Shares) are both exchange-traded funds - UBOT is a Robotics fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index (300%), while SPXS is a Inverse Equities fund tracking the S&P 500 Index (-300%). Both are passively managed. Over the past 5 years, UBOT returned -9.18%/yr vs -33.84%/yr for SPXS. At a correlation of -0.80, they often move in opposite directions. UBOT charges 1.29%/yr vs 1.08%/yr for SPXS.
Performance
UBOT vs. SPXS - Performance Comparison
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Returns By Period
In the year-to-date period, UBOT achieves a -8.40% return, which is significantly higher than SPXS's -26.11% return.
UBOT
- 1D
- 0.95%
- 1M
- -12.31%
- 6M
- -16.43%
- YTD
- -8.40%
- 1Y
- 10.17%
- 3Y*
- 1.06%
- 5Y*
- -9.18%
- 10Y*
- —
SPXS
- 1D
- -1.11%
- 1M
- -0.15%
- 6M
- -23.66%
- YTD
- -26.11%
- 1Y
- -42.52%
- 3Y*
- -40.03%
- 5Y*
- -33.84%
- 10Y*
- -41.40%
UBOT vs. SPXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | -8.40% | 13.42% | 12.02% | 72.59% | -72.45% | 9.78% | 80.13% | 87.34% | -71.74% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | -26.11% | -41.53% | -42.84% | -45.97% | 36.14% | -58.11% | -70.47% | -56.40% | 14.40% |
Correlation
The correlation between UBOT and SPXS is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | -0.80 |
The correlation between UBOT and SPXS has been stable across timeframes, ranging from -0.82 to -0.79 - a consistent structural relationship.
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Return for Risk
UBOT vs. SPXS — Risk / Return Rank
UBOT
SPXS
UBOT vs. SPXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). 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.
| UBOT | SPXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.81 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.98 | +1.26 |
| Martin ratioReturn relative to average drawdown | 0.76 | -1.69 | +2.45 |
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Drawdowns
UBOT vs. SPXS - Drawdown Comparison
The maximum UBOT drawdown since its inception was -86.24%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UBOT and SPXS.
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Drawdown Indicators
| UBOT | SPXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -100.00% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -35.90% | -43.64% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -51.64% | -84.13% | +32.49% |
Max Drawdown (5Y)Largest decline over 5 years | -82.90% | -90.11% | +7.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.56% | — |
Current DrawdownCurrent decline from peak | -55.65% | -100.00% | +44.35% |
Average DrawdownAverage peak-to-trough decline | -49.84% | -96.30% | +46.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.34% | 25.26% | -11.92% |
Volatility
UBOT vs. SPXS - Volatility Comparison
Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a higher volatility of 19.65% compared to Direxion Daily S&P 500 Bear 3X Shares (SPXS) at 11.85%. This indicates that UBOT's price experiences larger fluctuations and is considered to be riskier than SPXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBOT | SPXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.65% | 11.85% | +7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 41.91% | 30.02% | +11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.10% | 37.64% | +14.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.86% | 50.75% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.57% | 53.51% | +10.06% |
UBOT vs. SPXS - Expense Ratio Comparison
UBOT has a 1.29% expense ratio, which is higher than SPXS's 1.08% expense ratio.
Dividends
UBOT vs. SPXS - Dividend Comparison
UBOT's dividend yield for the trailing twelve months is around 1.08%, less than SPXS's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | 4.60% | 4.93% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | 1.08% | 0.78% | 1.45% | 0.65% | 0.00% | 2.25% | 15.83% | 0.55% | 0.33% |
Frequently Asked Questions
UBOT and SPXS have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBOT has higher volatility (19.65%) compared to SPXS (11.85%). In terms of maximum drawdown, UBOT dropped -86.24% vs SPXS's -100.00%.
On 5-year performance, UBOT leads with -9.18% vs -33.84% for SPXS. On fees, SPXS is cheaper at 1.08% per year. On volatility, SPXS has been the lower-risk option at 11.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UBOT has performed better with a -9.18% return vs -33.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPXS is cheaper with a 1.08% expense ratio, compared with 1.29% for UBOT.
SPXS has the higher dividend yield at 4.60%, compared with 1.08% for UBOT.
UBOT is categorized as Robotics, while SPXS is Inverse Equities. UBOT tracks Indxx Global Robotics & Artificial Intelligence Thematic Index (300%), while SPXS tracks S&P 500 Index (-300%). Their fees differ too: 1.29% for UBOT and 1.08% for SPXS.
UBOT currently has the higher Sharpe Ratio (0.20 vs -1.13), 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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