UBRL vs. IYE
UBRL (GraniteShares 2x Long UBER Daily ETF) and IYE (iShares U.S. Energy ETF) are both exchange-traded funds - UBRL is a Leveraged Equities fund actively managed by GraniteShares, while IYE is a Energy Equities fund tracking the Dow Jones U.S. Oil & Gas Index. UBRL is actively managed, while IYE is passively managed. Over the past year, UBRL returned -46.01% vs 42.12% for IYE. Their 0.01 correlation means their historical movements had little consistent relationship. UBRL charges 1.15%/yr vs 0.42%/yr for IYE.
Performance
UBRL vs. IYE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UBRL achieves a -34.07% return, which is significantly lower than IYE's 34.19% return.
UBRL
- 1D
- -0.17%
- 1M
- -12.12%
- 6M
- -30.61%
- YTD
- -34.07%
- 1Y
- -46.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.95%
IYE
- 1D
- 0.93%
- 1M
- 11.26%
- 6M
- 18.18%
- YTD
- 34.19%
- 1Y
- 42.12%
- 3Y*
- 14.15%
- 5Y*
- 22.44%
- 10Y*
- 9.34%
- ALL TIME*
- 7.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.85M | $48.09M | $75.43M | |
| $1.81M | $1.87M | $2.98M |
UBRL vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UBRL GraniteShares 2x Long UBER Daily ETF | -34.07% | 45.90% | -35.13% |
IYE iShares U.S. Energy ETF | 34.19% | 7.33% | -1.23% |
Correlation
The correlation between UBRL and IYE is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.01 |
The correlation between UBRL and IYE shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UBRL vs. IYE — Risk / Return Rank
UBRL
IYE
UBRL vs. IYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long UBER Daily ETF (UBRL) and iShares U.S. Energy ETF (IYE). 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 | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.32 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.75 | -3.50 |
| Martin ratioReturn relative to average drawdown | -1.19 | 7.28 | -8.47 |
Loading charts...
Drawdowns
UBRL vs. IYE - Drawdown Comparison
The maximum UBRL drawdown since its inception was -62.78%, smaller than the maximum IYE drawdown of -73.74%. Use the drawdown chart below to compare losses from any high point for UBRL and IYE.
Loading charts...
Drawdown Indicators
| UBRL | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.78% | -73.74% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -62.78% | -14.54% | -48.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.59% | — |
Current DrawdownCurrent decline from peak | -57.94% | -4.14% | -53.80% |
Average DrawdownAverage peak-to-trough decline | -30.54% | -19.30% | -11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.60% | 5.49% | +34.11% |
Volatility
UBRL vs. IYE - Volatility Comparison
GraniteShares 2x Long UBER Daily ETF (UBRL) has a higher volatility of 19.47% compared to iShares U.S. Energy ETF (IYE) at 5.72%. This indicates that UBRL's price experiences larger fluctuations and is considered to be riskier than IYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UBRL | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.47% | 5.72% | +13.75% |
Volatility (6M)Calculated over the trailing 6-month period | 51.61% | 16.32% | +35.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.23% | 20.51% | +47.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.17% | 25.44% | +50.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.17% | 29.49% | +46.68% |
UBRL vs. IYE - Expense Ratio Comparison
UBRL has a 1.15% expense ratio, which is higher than IYE's 0.42% expense ratio.
Dividends
UBRL vs. IYE - Dividend Comparison
UBRL's dividend yield for the trailing twelve months is around 15.84%, more than IYE's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.12% | 2.85% | 2.75% | 2.99% | 3.37% | 2.98% | 4.75% | 6.60% | 3.16% | 2.66% | 2.11% | 3.39% |
UBRL GraniteShares 2x Long UBER Daily ETF | 15.84% | 10.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UBRL and IYE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBRL has higher volatility (19.47%) compared to IYE (5.72%). In terms of maximum drawdown, UBRL dropped -62.78% vs IYE's -73.74%.
On 1-year performance, IYE leads with 42.12% vs -46.01% for UBRL. On fees, IYE is cheaper at 0.42% per year. On volatility, IYE has been the lower-risk option at 5.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYE has performed better with a 42.12% return vs -46.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYE is cheaper with a 0.42% expense ratio, compared with 1.15% for UBRL.
UBRL has the higher dividend yield at 15.84%, compared with 2.12% for IYE.
UBRL is categorized as Leveraged Equities, while IYE is Energy Equities. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for UBRL and 0.42% for IYE.
IYE currently has the higher Sharpe Ratio (1.95 vs -0.69), 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.
Find the right allocation for UBRL and IYE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer