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 -6.34%/yr vs -34.76%/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 16.93% return, which is significantly higher than SPXS's -25.49% return.
UBOT
- 1D
- -1.65%
- 1M
- 9.27%
- YTD
- 16.93%
- 6M
- 21.77%
- 1Y
- 49.20%
- 3Y*
- 12.40%
- 5Y*
- -6.34%
- 10Y*
- —
SPXS
- 1D
- 2.19%
- 1M
- -13.11%
- YTD
- -25.49%
- 6M
- -24.86%
- 1Y
- -48.73%
- 3Y*
- -42.68%
- 5Y*
- -34.76%
- 10Y*
- -42.01%
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 | 16.93% | 13.42% | 12.02% | 72.59% | -72.45% | 9.78% | 80.13% | 87.34% | -71.27% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | -25.49% | -41.53% | -42.84% | -45.97% | 36.14% | -58.11% | -70.47% | -56.40% | 12.57% |
Correlation
The correlation between UBOT and SPXS is -0.77, 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 | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2018 | -0.80 |
The correlation between UBOT and SPXS has been stable across timeframes, ranging from -0.81 to -0.77 - 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.
| UBOT | SPXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.75 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.96 | +2.34 |
| Martin ratioReturn relative to average drawdown | 4.39 | -1.62 | +6.01 |
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
| UBOT | SPXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | -1.38 | +2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.69 | +0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.83 | +0.78 |
Drawdowns
UBOT vs. SPXS - Drawdown Comparison
The maximum UBOT drawdown since its inception was -86.01%, 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 | -86.01% | -100.00% | +13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -35.90% | -50.77% | +14.87% |
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 | — | -99.63% | — |
Current DrawdownCurrent decline from peak | -43.38% | -100.00% | +56.62% |
Average DrawdownAverage peak-to-trough decline | -49.53% | -96.30% | +46.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.24% | 30.04% | -18.80% |
Volatility
UBOT vs. SPXS - Volatility Comparison
Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a higher volatility of 15.45% compared to Direxion Daily S&P 500 Bear 3X Shares (SPXS) at 8.51%. 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 | 15.45% | 8.51% | +6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 36.47% | 26.82% | +9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.78% | 35.54% | +12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.94% | 50.39% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.46% | 53.54% | +9.92% |
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 0.80%, less than SPXS's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | 4.91% | 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 | 0.80% | 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 -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBOT has higher volatility (15.45%) compared to SPXS (8.51%). In terms of maximum drawdown, UBOT dropped -86.01% vs SPXS's -100.00%.
On 5-year performance, UBOT leads with -6.34% vs -34.76% for SPXS. On fees, SPXS is cheaper at 1.08% per year. On volatility, SPXS has been the lower-risk option at 8.51%. 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 -6.34% return vs -34.76%. 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 4.91%, compared with 0.80% 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 (1.04 vs -1.38), 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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