Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
The ETF.net UBOT Grade
D
Score 25 out of 100
- 89 of 99
Score 25 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F8 out of 100Rank 91 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 75 of 98Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 64 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 42 of 99
Our read on UBOT
In short
DA geared bet on the robot-and-AI build-out: UBOT aims for 200% of the daily move of a global robotics and artificial intelligence index. Direxion dialed it down from 3x to 2x in 2020, so it is the same theme at a tamer daily multiple.
Stated mandate
The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index.
Why people hold it
Worth knowing
UBOT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
UBOT$6,442
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | UBOT |
|---|---|
| Year to date | −29.2% |
| 1 month | −20.5% |
| 3 months | −18.6% |
| 1 year | −35.6% |
| 3 years | +7.9% |
| 5 years | −18.3% |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | UBOT |
|---|---|---|
| 2026 YTD | −29.2% | |
| 2025 | +13.4% | |
| 2024 | +12.0% | |
| 2023 | +72.6% |
UBOT in the news
UBOT Dividends
- 1.41%
- $0.25
- $0.07 per share
- Quarterly
UBOT Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 46.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.36
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −82.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 3.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
UBOT Cost
Overpaying vs WX, cheapest in Leveraged Long (2x & Other)
$19,513
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
UBOT 1.32%
$23,668
WX 0.20% Cheapest
$4,155
Cost over time
Year by year
| Year | UBOT | WX | Overpaying |
|---|---|---|---|
| 10 | $2,296 | $365 | $1,931 |
| 20 | $8,507 | $1,421 | $7,086 |
| 30 | $23,668 | $4,155 | $19,513 |
You pay 1.32%Waived by Direxion 0.03%
Full fee 1.35% waiver 0.03% you pay 1.32%
Other funds in Leveraged Long (2x & Other)
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- DRAMRoundhill T-REX 2X Long DRAM Daily Target ETFExpense ratio 1.50%1 year return
- DUSLVDirexion Daily Silver Bull 2X ETFExpense ratio 1.10%1 year return
- FUVIX2x Long VIX Futures ETFExpense ratio 2.19%1 year return −78.5%
- FURAADirexion Daily Uranium Industry Bull 2X ETFExpense ratio 1.30%1 year return −71.3%
