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UBRL

GradeCNASDAQ Global Select

GraniteShares 2x Long Uber Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2024-09-03

This 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.

$13.20−0.20 (−1.49%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Sep 4, 2024.
Intraday session: down, 58 prints from 13.40 to 13.20. Range 12.87 to 13.37. Use the arrow keys to read each point.$13.00$13.4010 AM12 PM2 PM4 PM
Expense ratio
1.35%
Fund size
$23M
1Y return
−59.5%
Yield · Last 12 months
Data unavailable
Holdings
2
Volume · 30D
0.2M sh
NAV per share
$13.75
52W range
low $12.22high $37.66

The ETF.net UBRL Grade

C

45/ 100

Rank 103 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for UBRL. Scores out of 100: Cost 22, Risk 52, Mission 92, Tradability 76, Holdings not scored, Durability 74. Strongest: Mission (92). Weakest: Cost (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 22
    Category rank296/380 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 92
    Category rank78/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 52
    Category rank118/285 · top 41%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 76
    Category rank60/380 · top 16%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 74
    Category rank48/380 · top 13%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on UBRL

ETF.net Research

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.

Stated mandate

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

  1. 01Does 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
  2. 02Leverage 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
  3. 03Pure Uber. No index, no basket, no other names diluting the bet, just one ride-hail stock geared up.graniteshares.com

Worth knowing

  1. 01Daily 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
  2. 02At 1.35% a year, it runs above 2x peers like UNHG and AMDG (0.75%) and GGLL and AAPU (0.96%).
  3. 03One company, geared. Earnings, regulation, a driver-classification ruling: any single headline lands twice as hard.graniteshares.com

UBRL Holdings

As of Sep 21, 2026, 4:09 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
UBER SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—UBER SWAP66.67%582,555$41M1
002—US Dollars33.33%20,641,600$21M85

Showing 1–2 of 2 holdings

UBRL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UBRL$4,053
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. UBRL $4,053. SPY $11,723. Use the arrow keys to read each point.$3,104$7,753$12,403Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for UBRL. Periods over one year show the average yearly return.
PeriodUBRL
Year to date−36.9%
1 month−22.2%
3 months−9.7%
1 year−59.5%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UBRL
YearReturn barUBRL
2026 YTD−36.9%
2025+45.9%
2024−35.1%

History from Sep 4, 2024

UBRL in the news

ETF.net Research hasn’t filed on UBRL yet — coverage lands here as it’s written.

UBRL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$2.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 29, 2025 $2.22. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 29, 2025Dec 31, 2025$2.22

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.

How much the fund’s monthly returns vary, scaled to a year.
50.8%
Annualised · 23 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.27
vs 3-month T-bills · 23 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−62.8%
24 months · trough Jul 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.39
vs its asset-class index
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

Expense ratio1.35%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

259 of the 329 Single-Stock Long Leveraged funds charge less.

UBRL costs $135.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.