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.
Key characteristics
| UBOT | ^GSPC | |
|---|---|---|
| YTD Return | 13.17% | 7.50% |
| 1Y Return | 37.19% | 26.26% |
| 3Y Return (Ann) | -15.76% | 7.19% |
| 5Y Return (Ann) | -0.53% | 11.73% |
| Sharpe Ratio | 0.90 | 2.17 |
| Daily Std Dev | 42.40% | 11.70% |
| Max Drawdown | -86.01% | -56.78% |
| Current Drawdown | -56.87% | -2.41% |
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
In the year-to-date period, UBOT achieves a 13.17% return, which is significantly higher than ^GSPC's 7.50% return. 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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Risk-Adjusted Performance
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 13.03% compared to S&P 500 (^GSPC) at 4.10%. 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.