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 -37.28% vs 44.08% for IYE. At a 0.04 correlation, their price movements are largely independent. UBRL charges 1.15%/yr vs 0.42%/yr for IYE.
Performance
UBRL vs. IYE - Performance Comparison
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Returns By Period
In the year-to-date period, UBRL achieves a -28.65% return, which is significantly lower than IYE's 31.90% return.
UBRL
- 1D
- 0.19%
- 1M
- -7.56%
- YTD
- -28.65%
- 6M
- -42.96%
- 1Y
- -37.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYE
- 1D
- 1.33%
- 1M
- -1.02%
- YTD
- 31.90%
- 6M
- 29.37%
- 1Y
- 44.08%
- 3Y*
- 17.12%
- 5Y*
- 19.52%
- 10Y*
- 9.00%
UBRL vs. IYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UBRL GraniteShares 2x Long UBER Daily ETF | -28.65% | 45.90% | -35.13% |
IYE iShares U.S. Energy ETF | 31.90% | 7.33% | 0.20% |
Correlation
The correlation between UBRL and IYE is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.04 |
The correlation between UBRL and IYE shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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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.
| UBRL | IYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.36 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 3.72 | -4.38 |
| Martin ratioReturn relative to average drawdown | -1.12 | 10.99 | -12.12 |
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
| UBRL | IYE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.22 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.26 | -0.53 |
Drawdowns
UBRL vs. IYE - Drawdown Comparison
The maximum UBRL drawdown since its inception was -56.25%, 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.
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Drawdown Indicators
| UBRL | IYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.25% | -73.74% | +17.49% |
Max Drawdown (1Y)Largest decline over 1 year | -56.25% | -11.92% | -44.33% |
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 | -54.48% | -5.77% | -48.71% |
Average DrawdownAverage peak-to-trough decline | -28.34% | -19.36% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.27% | 4.02% | +29.25% |
Volatility
UBRL vs. IYE - Volatility Comparison
GraniteShares 2x Long UBER Daily ETF (UBRL) has a higher volatility of 23.03% compared to iShares U.S. Energy ETF (IYE) at 7.92%. 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.
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Volatility by Period
| UBRL | IYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.03% | 7.92% | +15.11% |
Volatility (6M)Calculated over the trailing 6-month period | 48.39% | 16.13% | +32.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.91% | 19.99% | +44.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.97% | 25.71% | +50.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.97% | 29.52% | +46.45% |
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 14.64%, more than IYE's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYE iShares U.S. Energy ETF | 2.13% | 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 | 14.64% | 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 -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBRL has higher volatility (23.03%) compared to IYE (7.92%). In terms of maximum drawdown, UBRL dropped -56.25% vs IYE's -73.74%.
On 1-year performance, IYE leads with 44.08% vs -37.28% for UBRL. On fees, IYE is cheaper at 0.42% per year. On volatility, IYE has been the lower-risk option at 7.92%. 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 44.08% return vs -37.28%. 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 14.64%, compared with 2.13% 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 (2.22 vs -0.58), 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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