UBRL vs. BEG
UBRL (GraniteShares 2x Long UBER Daily ETF) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. UBRL charges 1.15%/yr vs 0.75%/yr for BEG.
Performance
UBRL vs. BEG - Performance Comparison
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Returns By Period
In the year-to-date period, UBRL achieves a -34.07% return, which is significantly lower than BEG's 136.78% return.
UBRL
- 1D
- -0.17%
- 1M
- -12.12%
- 6M
- -30.61%
- YTD
- -34.07%
- 1Y
- -46.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.95%
BEG
- 1D
- -0.74%
- 1M
- -51.76%
- 6M
- -16.69%
- YTD
- 136.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.81M | $15.87M | $11.72M | |
| $1.81M | $1.87M | $2.98M |
UBRL vs. BEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UBRL GraniteShares 2x Long UBER Daily ETF | -34.07% | -0.82% |
BEG Leverage Shares 2X Long BE Daily ETF | 136.78% | 1.77% |
Correlation
The correlation between UBRL and BEG is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | -0.02 |
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Return for Risk
UBRL vs. BEG — Risk / Return Rank
UBRL
BEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UBRL vs. BEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long UBER Daily ETF (UBRL) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.
| UBRL | BEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | — | — |
| Martin ratioReturn relative to average drawdown | -1.19 | — | — |
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Drawdowns
UBRL vs. BEG - Drawdown Comparison
The maximum UBRL drawdown since its inception was -62.78%, smaller than the maximum BEG drawdown of -82.08%. Use the drawdown chart below to compare losses from any high point for UBRL and BEG.
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Drawdown Indicators
| UBRL | BEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.78% | -82.08% | +19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -62.78% | — | — |
Current DrawdownCurrent decline from peak | -57.94% | -73.06% | +15.12% |
Average DrawdownAverage peak-to-trough decline | -30.54% | -23.53% | -7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.60% | — | — |
Volatility
UBRL vs. BEG - Volatility Comparison
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Volatility by Period
| UBRL | BEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 51.61% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.23% | 229.80% | -161.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.17% | 229.80% | -153.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.17% | 229.80% | -153.63% |
UBRL vs. BEG - Expense Ratio Comparison
UBRL has a 1.15% expense ratio, which is higher than BEG's 0.75% expense ratio.
Dividends
UBRL vs. BEG - Dividend Comparison
UBRL's dividend yield for the trailing twelve months is around 15.84%, while BEG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BEG Leverage Shares 2X Long BE Daily ETF | 0.00% | 0.00% |
UBRL GraniteShares 2x Long UBER Daily ETF | 15.84% | 10.44% |
Frequently Asked Questions
UBRL and BEG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEG is cheaper with a 0.75% expense ratio, compared with 1.15% for UBRL.
UBRL has the higher dividend yield at 15.84%, compared with 0.00% for BEG.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for UBRL and 0.75% for BEG.
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