Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares
Snapshot*
Top 10 Holdings
What is UBOT?
The Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index. The Indxx Global Robotics and Artificial Intelligence Thematic Index is designed to provide exposure to exchange-listed companies in developed markets that are expected to benefit from the adoption and utilization of robotics and/or artificial intelligence, including companies involved in developing industrial robots and production systems, automated inventory management, unmanned vehicles, voice/image/text recognition, and medical robots or robotic instruments, as defined by the index provider, Indxx. Companies must have a minimum market capitalization of $100 million and a minimum average daily turnover for the last 6 months greater than, or equal to, $2 million in order to be eligible for inclusion in the Index.
UBOTPerformance Measures**
for the time period Apr 19, 2018 to Aug 5, 2026
1M Trailing Return: -6.0%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -10.8%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -86.0%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 63.6%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.23
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.06
The annualized return divided by the max drawdown for the selected time period.
ETFs related toUBOT
ETFs correlated to UBOT include BOTZ, ROBO, ROBT
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toUBOT
3x Melting Pot
Category
Leveraged ETFs, mean reversion, tactical rotation, multi-asset, daily rebalance, high risk
OOS Cumulative Return
142.75%
Create your own algorithmic trading strategy with UBOT using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.