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QLD vs UBOT

ProShares Ultra QQQ

QLDANYSE Arca

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF

UBOTDNYSE Arca

Overlap

Expense ratio

QLD −0.43pt a year

QLD0.89%UBOT1.32%

Avg volume · 30D

QLD 279.8×the volume

QLD4.15MUBOT14.8K

5Y return · a year

QLD +31.9pt

QLD+13.6%UBOT−18.3%

QLD vs UBOT Performance

Nov 2, 2021 – Nov 2, 2026

+89.5%QLD−63.7%UBOT

Nov 2, 2021 to Nov 2, 2026. QLD +89.5%. UBOT −63.7%. Use the arrow keys to read each point.0%50%150%Nov 2021May 2024Nov 2026
Expense ratio
QLD 0.89%, better
UBOT 1.32%
Fund size
QLD $13.3B
UBOT $19M
1Y total return
QLD +7.6%, better
UBOT −35.6%
Yield (12M)
QLD 0.15%
UBOT 1.41%, better
Holdings
QLD 113
UBOT 8
Avg volume (30D)
QLD 4.15M sh, better
UBOT 14.8K sh
NAV per share
QLD $82.56
UBOT $17.92
52W range

ETF.net Grade

QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81. UBOT: Cost 8, Risk 33, Mission not scored, Tradability 41, Holdings not scored, Durability 58.
Pillar letters and Scores for QLD, UBOT, with each pillar’s weight
PillarQLDUBOT
Cost30% weightA72HigherF8
Mission25% weightA95Not scored
Risk15% weightB66HigherD33
Tradability15% weightA100HigherC41
Holdings10% weightA72Not scored
Durability5% weightA81HigherB58

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QLD and UBOT are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and UBOT 89th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 88DRAMRoundhill T-REX 2X Long DRAM Daily Target ETFScore 27
  4. Rank 89DUBOTDirexion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETFScore 25
  5. Rank 89DUSLVDirexion Daily Silver Bull 2X ETFScore 25

Our read on each fund

ETF.net Research

QLDAProShares Ultra QQQ

UBOTDDirexion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF

In short

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

UBOT A 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

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

UBOT 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

  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.
  • UBOT Rare wrapper: 2x daily exposure to a global robotics and AI basket in one ticker, no margin account or swap desk required.
  • Direxion cut the fund from 3x to 2x after the close on October 29, 2020. Same theme, smaller daily swings than the original build.sec.gov
  • Listed since 2018, which puts it among the longer-running geared thematic funds rather than a fresh launch chasing the AI headline.
  • The target is written down plainly: 200% of the daily performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index, before fees and expenses.direxion.com

Worth knowing

  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.
  • UBOT Costs sit above the category median: 1.32% net of a waiver through September 1, 2027 (1.35% gross), versus 0.89% for QLD, itself net of a waiver through September 30, 2027.
  • The leverage resets daily and compounds. Held longer than a day, especially through choppy stretches, results can diverge sharply from 2x the index move for the period.sec.gov
  • It is a small, lightly traded fund next to index-based geared names like QLD and ROM, so spreads and order size are worth a look before you trade.

Full QLD profile⁠

Full UBOT profile⁠

QLD vs UBOT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QLD vs UBOT Cost

Overpaying UBOT vs QLD

$6,796

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QLD 0.89%

    $16,872

  • UBOT 1.32%

    $23,668

$10,000
30 years

Cost over time

  • QLD 0.89%
  • UBOT 1.32%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530UBOT $23,668QLD $16,872

Year by year

YearQLDUBOTOverpaying
10$1,576$2,296$720
20$5,953$8,507$2,554
30$16,872$23,668$6,796

Expense ratio

  • 0.89%QLD, cheaper
  • 1.32%UBOT
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

UBOT 91st cheapest of 95 funds

QLD vs UBOT Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QLD 0.15%
UBOT 1.41%, better
Payout (12M)
QLD $0.12
UBOT $0.25
Last payment
QLD $0.03
UBOT $0.07
Ex-dividend
QLD Sep 23, 2026
UBOT Sep 22, 2026
Paid on
QLD Sep 29, 2026
UBOT Sep 29, 2026
Frequency
QLD Quarterly
UBOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$2.502017202020232026YTD
UBOTQuarterly · 23 paymentsAll UBOT payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 19, 2018 $0.0036; Dec 27, 2018 $0.04; Mar 19, 2019 $0.03; Jun 25, 2019 $0.03; Sep 24, 2019 $0.06; Dec 23, 2019 $0.03; Dec 10, 2020 $3.62; Dec 9, 2021 $0.98; Mar 21, 2023 $0.0071; Jun 21, 2023 $0.02; Sep 19, 2023 $0.04; Dec 21, 2023 $0.06; Mar 19, 2024 $0.07; Jun 25, 2024 $0.08; Sep 24, 2024 $0.08; Dec 23, 2024 $0.10; Mar 25, 2025 $0.02; Jun 24, 2025 $0.05; Sep 23, 2025 $0.06; Dec 23, 2025 $0.06; Mar 24, 2026 $0.06; Jun 23, 2026 $0.07; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$2.502017202020232026YTD

QLD vs UBOT Risk

Fall from peak · 5 years

  • QLD
  • UBOT
Nov 2, 2021 to Nov 2, 2026. Worst fall: UBOT −82.9% · Oct 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
QLD 36.7%, betterUBOT 46.3%
Return per unit of riskSharpe ratio, 3 years
QLD 1.04, betterUBOT 0.36
Worst fallMax drawdown, 5 years
QLD −63.7%, betterUBOT −82.9%
Market sensitivityBeta, 5 years
QLD 2.46UBOT 3.02

QLD and UBOT in the news

All news⁠

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