UBOT vs. ^GSPC
Compare and contrast key facts about Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBOT or ^GSPC.
Correlation
The correlation between UBOT and ^GSPC is 0.80, 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. ^GSPC - Performance Comparison
Key characteristics
UBOT:
0.43
^GSPC:
1.83
UBOT:
0.87
^GSPC:
2.47
UBOT:
1.11
^GSPC:
1.33
UBOT:
0.28
^GSPC:
2.76
UBOT:
1.42
^GSPC:
11.27
UBOT:
13.29%
^GSPC:
2.08%
UBOT:
43.20%
^GSPC:
12.79%
UBOT:
-86.01%
^GSPC:
-56.78%
UBOT:
-52.98%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, UBOT achieves a 10.15% return, which is significantly higher than ^GSPC's 3.96% return.
UBOT
10.15%
7.56%
15.40%
11.98%
0.96%
N/A
^GSPC
3.96%
2.77%
10.09%
21.57%
12.62%
11.30%
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Risk-Adjusted Performance
UBOT vs. ^GSPC — Risk-Adjusted Performance Rank
UBOT
^GSPC
UBOT vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
UBOT vs. ^GSPC - Drawdown Comparison
The maximum UBOT drawdown since its inception was -86.01%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for UBOT and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
UBOT vs. ^GSPC - Volatility Comparison
Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a higher volatility of 14.76% compared to S&P 500 (^GSPC) at 3.21%. This indicates that UBOT's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.