DRN vs. UTSL
DRN (Direxion Daily Real Estate Bull 3x Shares) and UTSL (Direxion Daily Utilities Bull 3X Shares) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while UTSL is a Leveraged Equities fund tracking the Utilities Select Sector Index (300%). Both are passively managed. Over the past 5 years, DRN returned -10.77%/yr vs 8.66%/yr for UTSL. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
DRN vs. UTSL - Performance Comparison
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Returns By Period
In the year-to-date period, DRN achieves a 34.24% return, which is significantly higher than UTSL's 6.35% return.
DRN
- 1D
- 2.62%
- 1M
- 13.81%
- YTD
- 34.24%
- 6M
- 33.93%
- 1Y
- 19.88%
- 3Y*
- 10.01%
- 5Y*
- -10.77%
- 10Y*
- -3.96%
UTSL
- 1D
- 3.20%
- 1M
- 2.56%
- YTD
- 6.35%
- 6M
- 6.90%
- 1Y
- 20.28%
- 3Y*
- 20.77%
- 5Y*
- 8.66%
- 10Y*
- —
DRN vs. UTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 34.24% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 5.29% |
UTSL Direxion Daily Utilities Bull 3X Shares | 6.35% | 29.03% | 54.24% | -35.55% | -14.06% | 48.16% | -38.58% | 81.07% | -2.27% | 11.00% |
Correlation
The correlation between DRN and UTSL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.60 |
The correlation between DRN and UTSL shifts across timeframes, from 0.48 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DRN vs. UTSL — Risk / Return Rank
DRN
UTSL
DRN vs. UTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily Utilities Bull 3X Shares (UTSL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRN | UTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.64 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.51 | 1.30 | +0.20 |
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Drawdowns
DRN vs. UTSL - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, which is greater than UTSL's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for DRN and UTSL.
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Drawdown Indicators
| DRN | UTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -79.55% | -6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -28.45% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -46.22% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | -68.01% | -12.57% |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | — | — |
Current DrawdownCurrent decline from peak | -61.73% | -21.69% | -40.04% |
Average DrawdownAverage peak-to-trough decline | -35.11% | -33.19% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | 13.87% | -2.95% |
Volatility
DRN vs. UTSL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 14.29%, while Direxion Daily Utilities Bull 3X Shares (UTSL) has a volatility of 17.03%. This indicates that DRN experiences smaller price fluctuations and is considered to be less risky than UTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRN | UTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.29% | 17.03% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 35.33% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.19% | 43.73% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.78% | 52.08% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.68% | 59.23% | +1.45% |
DRN vs. UTSL - Expense Ratio Comparison
Both DRN and UTSL have an expense ratio of 0.99%.
Dividends
DRN vs. UTSL - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.98%, more than UTSL's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.98% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.71% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
Frequently Asked Questions
DRN and UTSL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTSL has higher volatility (17.03%) compared to DRN (14.29%). In terms of maximum drawdown, DRN dropped -86.32% vs UTSL's -79.55%.
On 5-year performance, UTSL leads with 8.66% vs -10.77% for DRN. Both ETFs have the same 0.99% expense ratio. On volatility, DRN has been the lower-risk option at 14.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UTSL has performed better with a 8.66% return vs -10.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRN and UTSL have the same expense ratio: 0.99% per year.
DRN has the higher dividend yield at 1.98%, compared with 1.71% for UTSL.
DRN is categorized as REIT, while UTSL is Leveraged Equities. DRN tracks MSCI US REIT Index (300%), while UTSL tracks Utilities Select Sector Index (300%).
UTSL currently has the higher Sharpe Ratio (0.42 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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