Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
GraniteShares 2x Long Uber Daily ETF
CThis 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.
$13.81−0.07 (−0.51%)
- 1.35%
- $36M
- −52.1%
- 0.2M sh
- $13.90
- low $12.22high $36.54
The ETF.net UBRL Grade
C
Score 46 out of 100
- 101 of 380
Score 46 of 100 falls in the C 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.F22 out of 100Rank 294 of 380Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 77 of 148Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 151 of 363Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 55 of 380Holdings
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.A75 out of 100Rank 40 of 380
Our read on UBRL
CUber, doubled, one day at a time. UBRL uses swaps to target 200% of Uber's daily move in a plain brokerage account, and it has hit that daily mark closely. The trade-off is a 1.35% fee, above most 2x single-stock rivals.
The Fund seeks daily investment results equal to two times the daily percentage change in Uber Technologies Corporation's common stock, before fees and expenses.
Why people hold it
- Does the one job it advertises: 2x Uber's daily percentage move, before fees. Its day-to-day tracking has been among the tighter jobs in the leveraged single-stock crowd.graniteshares.com
- Leverage without a margin account or options approval. It is a 1940 Act ETF, and the most you can lose is what you put in.graniteshares.com
- Pure Uber. No index, no basket, no other names diluting the bet, just one ride-hail stock geared up.graniteshares.com
Worth knowing
- Daily reset math: hold past one session and your return drifts from 2x the stock's move over that stretch, especially through choppy markets.graniteshares.com
- At 1.35% a year, it runs above 2x peers like UNHG and AMDG (0.75%) and GGLL and AAPU (0.96%).
- One company, geared. Earnings, regulation, a driver-classification ruling: any single headline lands twice as hard.graniteshares.com
UBRL Holdings
- Other
- 2
- 100%
- UBER
Geography
- United States100.00%
UBRL 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.Not enough history yet.Not enough history yet.
UBRL$4,794
Returns run to the Oct 12, 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 | UBRL |
|---|---|
| Year to date | −34.6% |
| 1 month | −1.6% |
| 3 months | −12.8% |
| 1 year | −52.1% |
| 3 years | — |
| 5 years | — |
| 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 | UBRL |
|---|---|---|
| 2026 YTD | −34.6% | |
| 2025 | +45.9% | |
| 2024 | −35.1% |
UBRL in the news
UBRL Dividends
- $2.22 per share
- Irregular
Distribution data unavailable.
Distribution history
UBRL 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.
- 51.2%
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.
- −0.44
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.
- −62.8%
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.
- 1.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UBRL Cost
1.35%
UBRL1.35%
- The middle half of Single-Stock Long Leveraged funds
- Median 0.98%
263 of the 333 Single-Stock Long Leveraged funds charge less.
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- CINTWGraniteShares 2x Long INTC Daily ETFExpense ratio 1.85%1 year return +288.3%
- CMSTUT-REX 2X Long MSTR Daily Target ETFExpense ratio 1.05%1 year return −90.4%