URAA vs. SPUU

Last updated Jun 5, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds from Direxion - URAA tracks the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%) while SPUU tracks the S&P 500 Index (200%). Both are passively managed. Over the past year, URAA returned 69.53% vs 54.50% for SPUU. A 0.51 correlation means they provide meaningful diversification when combined. URAA charges 1.28%/yr vs 0.64%/yr for SPUU.

Performance

URAA vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URAA achieves a 10.16% return, which is significantly lower than SPUU's 20.66% return.

URAA

• 1D: -1.33%
• 1M: -16.02%
• YTD: 10.16%
• 6M: -9.50%
• 1Y: 69.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUU

• 1D: 0.70%
• 1M: 9.03%
• YTD: 20.66%
• 6M: 19.95%
• 1Y: 54.50%
• 3Y*: 38.69%
• 5Y*: 20.36%
• 10Y*: 24.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

URAA vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	10.16%	88.33%	-26.53%
SPUU Direxion Daily S&P 500 Bull 2x Shares	20.66%	26.55%	11.98%

Correlation

The correlation between URAA and SPUU is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.51

The correlation between URAA and SPUU has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

URAA vs. SPUU - Sectors Allocation Comparison

Sectors	URAA	SPUU
Energy	63.0%	1.4%
Industrials	17.2%	3.3%
Utilities	16.2%	1.1%
Basic Materials	2.6%	0.7%
Technology	0.9%	16.5%
Communication Services	-	4.6%
Consumer Cyclical	-	4.2%
Consumer Defensive	-	2.0%
Financial Services	-	4.8%
Healthcare	-	3.6%
Real Estate	-	0.8%

Return for Risk

URAA vs. SPUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

URAA

URAA Risk / Return Rank: 26
URAA Sharpe Ratio Rank: 23
URAA Sortino Ratio Rank: 29
URAA Omega Ratio Rank: 27
URAA Calmar Ratio Rank: 29
URAA Martin Ratio Rank: 22

SPUU

SPUU Risk / Return Rank: 67
SPUU Sharpe Ratio Rank: 72
SPUU Sortino Ratio Rank: 63
SPUU Omega Ratio Rank: 64
SPUU Calmar Ratio Rank: 62
SPUU Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

URAA vs. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.

	URAA	SPUU	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.29	-1.55
Sortino ratio: Return per unit of downside risk	1.57	2.91	-1.33
Omega ratio: Gain probability vs. loss probability	1.18	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.40	3.01	-1.61
Martin ratio: Return relative to average drawdown	2.57	13.28	-10.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URAA vs. SPUU - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is 0.74, which is lower than the SPUU Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of URAA and SPUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URAA	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.29	-1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.64	-0.36

Drawdowns

URAA vs. SPUU - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for URAA and SPUU.

Drawdown Indicators

	URAA	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-59.35%	-8.10%
Max Drawdown (1Y) Largest decline over 1 year	-49.91%	-18.19%	-31.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-44.53%	-0.58%	-43.95%
Average Drawdown Average peak-to-trough decline	-27.30%	-9.50%	-17.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.19%	4.12%	+23.07%

Volatility

URAA vs. SPUU - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 28.36% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 5.60%. This indicates that URAA's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAA	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.36%	5.60%	+22.76%
Volatility (6M) Calculated over the trailing 6-month period	72.56%	18.10%	+54.46%
Volatility (1Y) Calculated over the trailing 1-year period	94.12%	23.88%	+70.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.87%	33.46%	+55.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.87%	35.76%	+53.11%

URAA vs. SPUU - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than SPUU's 0.64% expense ratio.

Dividends

URAA vs. SPUU - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 9.24%, more than SPUU's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.33%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%
URAA Direxion Daily Uranium Industry Bull 2X Shares	9.24%	9.14%	4.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URAA and SPUU in my portfolio?

URAA and SPUU have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAA or SPUU?

URAA has higher volatility (28.36%) compared to SPUU (5.60%). In terms of maximum drawdown, URAA dropped -67.45% vs SPUU's -59.35%.

Which ETF is better, URAA or SPUU?

On 1-year performance, URAA leads with 69.53% vs 54.50% for SPUU. On fees, SPUU is cheaper at 0.64% per year. On volatility, SPUU has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or SPUU?

Over the 1-year period, URAA has performed better with a 69.53% return vs 54.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or SPUU?

SPUU is cheaper with a 0.64% expense ratio, compared with 1.28% for URAA.

Which ETF pays a higher dividend yield, URAA or SPUU?

URAA has the higher dividend yield at 9.24%, compared with 1.33% for SPUU.

What is the main difference between URAA and SPUU?

URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while SPUU tracks S&P 500 Index (200%). Their fees differ too: 1.28% for URAA and 0.64% for SPUU.

Which has better risk-adjusted returns?

SPUU currently has the higher Sharpe Ratio (2.29 vs 0.74), 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.