ECLN vs. UTSL

Last updated Jul 17, 2026

ECLN (First Trust EIP Carbon Impact ETF) and UTSL (Direxion Daily Utilities Bull 3X Shares) are both exchange-traded funds - ECLN is a Utilities Equities fund actively managed by First Trust, while UTSL is a Leveraged Equities fund tracking the Utilities Select Sector Index (300%). ECLN is actively managed, while UTSL is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. ECLN charges 0.97%/yr vs 0.99%/yr for UTSL.

Performance

ECLN vs. UTSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust EIP Carbon Impact ETF (ECLN) and Direxion Daily Utilities Bull 3X Shares (UTSL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTSL

• 1D: 1.64%
• 1M: 3.63%
• 6M: 7.84%
• YTD: 13.99%
• 1Y: 24.88%
• 3Y*: 23.65%
• 5Y*: 9.79%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECLN vs. UTSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ECLN First Trust EIP Carbon Impact ETF	12.96%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%
UTSL Direxion Daily Utilities Bull 3X Shares	13.99%	29.03%	54.24%	-35.55%	-14.06%	48.16%	-38.58%	16.34%

Correlation

The correlation between ECLN and UTSL is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.86

The correlation between ECLN and UTSL has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

ECLN vs. UTSL - Sectors Allocation Comparison

Sectors	ECLN	UTSL
Utilities	76.4%	100.0%
Energy	16.3%	-
Industrials	6.8%	-
Technology	0.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

ECLN vs. UTSL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UTSL

UTSL Risk / Return Rank: 21
UTSL Sharpe Ratio Rank: 20
UTSL Sortino Ratio Rank: 22
UTSL Omega Ratio Rank: 22
UTSL Calmar Ratio Rank: 23
UTSL Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ECLN vs. UTSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust EIP Carbon Impact ETF (ECLN) 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.

	ECLN	UTSL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.56	—
Sortino ratio: Return per unit of downside risk	—	1.01	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.88	—
Martin ratio: Return relative to average drawdown	—	1.69	—

Drawdowns

Drawdown Indicators

	ECLN	UTSL	Difference
Max Drawdown Largest peak-to-trough decline	—	-79.55%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-28.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-68.01%	—
Current Drawdown Current decline from peak	—	-16.07%	—
Average Drawdown Average peak-to-trough decline	—	-33.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.72%	—

Volatility

Volatility by Period

	ECLN	UTSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	35.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	52.07%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	59.11%	—

ECLN vs. UTSL - Expense Ratio Comparison

ECLN has a 0.97% expense ratio, which is lower than UTSL's 0.99% expense ratio.

Dividends

ECLN vs. UTSL - Dividend Comparison

ECLN has not paid dividends to shareholders, while UTSL's dividend yield for the trailing twelve months is around 1.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%	0.00%	0.00%
UTSL Direxion Daily Utilities Bull 3X Shares	1.54%	1.69%	1.61%	3.61%	1.15%	1.19%	1.40%	5.01%	1.46%	0.57%

Frequently Asked Questions

Can I hold both ECLN and UTSL in my portfolio?

ECLN and UTSL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECLN or UTSL?

On fees, ECLN is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ECLN or UTSL?

ECLN is cheaper with a 0.97% expense ratio, compared with 0.99% for UTSL.

Which ETF pays a higher dividend yield, ECLN or UTSL?

UTSL has the higher dividend yield at 1.54%, compared with 1.43% for ECLN.

What is the main difference between ECLN and UTSL?

ECLN is categorized as Utilities Equities, while UTSL is Leveraged Equities. They also come from different issuers: First Trust and Direxion. Their fees differ too: 0.97% for ECLN and 0.99% for UTSL.