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TBXU vs UYG

Direxion Daily Biotech Top 5 Bull 2X ETF

TBXUDNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.05pt a year

TBXU0.98%UYG0.93%

Avg volume · 30D

UYG 4.6×the volume

TBXU3.73KUYG17.3K

TBXU vs UYG Performance

Oct 31, 2025 – Oct 30, 2026

+68.1%TBXU+11.5%UYG

Oct 31, 2025 to Oct 30, 2026. TBXU +68.1%. UYG +11.5%. Use the arrow keys to read each point.−20%0%40%Oct 2025Apr 2026Oct 2026
Expense ratio
TBXU 0.98%
UYG 0.93%, better
Fund size
TBXU $3M
UYG $777M
1Y total return
TBXU +68.1%, better
UYG +11.5%
Yield (12M)
TBXU No data
UYG 11.13%
Holdings
TBXU 11
UYG 83
Avg volume (30D)
TBXU 3.73K sh
UYG 17.3K sh, better
NAV per share
TBXU $43.68
UYG $93.27
52W range

ETF.net Grade

TBXU: Cost 29, Risk 65, Mission not scored, Tradability 35, Holdings not scored, Durability 44. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for TBXU, UYG, with each pillar’s weight
PillarTBXUUYG
Cost30% weightD29A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightB65A76Higher
Tradability15% weightD35A78Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44A80Higher

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. TBXU and UYG 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 ›

UYG ranks 2nd and TBXU 70th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 37CXWCorgi Ex-U.S. Equities 2x Daily ETFScore 40
  5. Rank 70DTBXUDirexion Daily Biotech Top 5 Bull 2X ETFScore 39
  6. Rank 71DEZJProShares Ultra MSCI JapanScore 38

Our read on each fund

ETF.net Research

TBXUDDirexion Daily Biotech Top 5 Bull 2X ETF

UYGAProShares Ultra Financials

In short

TBXU Leveraged biotech, boiled down to five names. TBXU targets 200% of the daily move in an equal-weight basket of the largest US-listed biotechs, at 0.98% net of a waiver through September 1, 2027.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

TBXU The fund seeks daily results equal to 200% of the NYSE Biotechnology Top 5 Equal Weight Index before fees and expenses.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

Why people hold it

  • TBXU Not a sprawling biotech index: the benchmark holds the top five US-listed biotech stocks, equal weighted, and the fund targets 200% of its daily move.direxion.com
  • Quarterly housekeeping: the index resets to equal weight and swaps in new names if any of the five slip out of the top five by market cap.direxion.com
  • 0.98% net of a waiver through September 1, 2027 (6.27% gross), near the category median for leveraged bull funds and close to ProShares' ROM at 0.93%.
  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

  • TBXU Daily reset: hold past one day and compounding takes over, so results can drift from 2X the index over that stretch. Direxion says not to expect 2X beyond a day.direxion.com
  • Five stocks, doubled. One failed trial or ugly readout in a single name lands on the whole basket.direxion.com
  • Launched October 2025, still small and thinly traded, which can widen spreads; the 0.98% rests on that waiver through September 1, 2027.
  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full TBXU profile⁠

Full UYG profile⁠

TBXU vs UYG 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.

TBXU vs UYG Cost

Overpaying TBXU vs UYG

$823

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

  • TBXU 0.98%

    $18,362

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • TBXU 0.98%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TBXU $18,362UYG $17,539

Year by year

YearTBXUUYGOverpaying
10$1,729$1,644$85
20$6,504$6,199$305
30$18,362$17,539$823

Expense ratio

  • 0.98%TBXU
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

TBXU 71st cheapest of 95 funds

TBXU vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TBXU No data
UYG 11.13%
Payout (12M)
TBXU No data
UYG $10.38
Last payment
TBXU $0.14
UYG $0.09
Ex-dividend
TBXU Sep 22, 2026
UYG Sep 23, 2026
Paid on
TBXU Sep 29, 2026
UYG Sep 29, 2026
Frequency
TBXU Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TBXUQuarterly · 5 paymentsAll TBXU payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Dec 10, 2025 $0.31; Dec 23, 2025 $0.10; Mar 24, 2026 $0.10; Jun 23, 2026 $0.11; Sep 22, 2026 $0.14. Use the arrow keys to read each point.$0$102017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD

TBXU vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TBXU 40.6%since Nov 2025UYG 30.5%
Return per unit of riskSharpe ratio, 3 years
TBXU 1.39since Nov 2025UYG 1.04
Worst fallMax drawdown, 5 years
TBXU −26.5%since Oct 2025UYG −47.8%
Market sensitivityBeta, 5 years
TBXU −0.18UYG 1.58

TBXU and UYG in the news

All news⁠

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