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

UBOT

ETF +2x BULL standard
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF
Issuer: Direxion · Tracks: AI · Listed: 2018-04-19
Implied AUM
$22.5M
Last Close
$20.99
20260720
30d Avg Vol
18,530
Options
available
Realized return vs theoretical +2x AI
Pair counterpart found: AIBD (-2x bear, Direxion Daily AI and Big Data Bear 2X ETF)
Shorting both legs of a daily-reset bull/bear pair captures combined decay drift over time. Theoretical "free money" — actual edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow products.
Other leveraged products tracking AI
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AIQU +3x BULL MicroSectors MicroSectors 3x Long Artificial Intelligence (AI) ETNs — 10,769
AIBU +2x BULL Direxion Direxion Daily AI and Big Data Bull 2X ETF $24.2M 11,654
AIBD -2x BEAR Direxion Direxion Daily AI and Big Data Bear 2X ETF $6.2M 9,173
AIQD -3x BEAR MicroSectors MicroSectors -3x Short Artificial Intelligence (AI) ETNs — 735

How UBOT works

UBOT targets +2x the daily return of AI — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on UBOT carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.