OOQB vs. UTSL
Compare and contrast key facts about Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) and Direxion Daily Utilities Bull 3X Shares (UTSL).
OOQB and UTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OOQB is an actively managed fund by Volatility Shares. It was launched on Feb 18, 2025. UTSL is a passively managed fund by Direxion that tracks the performance of the Utilities Select Sector Index (300%). It was launched on May 3, 2017.
Performance
OOQB vs. UTSL - Performance Comparison
Loading graphics...
OOQB vs. UTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -28.69% | -13.30% |
UTSL Direxion Daily Utilities Bull 3X Shares | 20.69% | 11.80% |
Returns By Period
In the year-to-date period, OOQB achieves a -28.69% return, which is significantly lower than UTSL's 20.69% return.
OOQB
- 1D
- 5.72%
- 1M
- -2.59%
- YTD
- -28.69%
- 6M
- -45.98%
- 1Y
- -14.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OOQB vs. UTSL - Expense Ratio Comparison
OOQB has a 0.75% expense ratio, which is lower than UTSL's 0.99% expense ratio.
Return for Risk
OOQB vs. UTSL — Risk / Return Rank
OOQB
UTSL
OOQB vs. UTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) 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.
| OOQB | UTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 0.90 | -1.15 |
Sortino ratioReturn per unit of downside risk | 0.04 | 1.37 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.18 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | -0.30 | 1.67 | -1.97 |
Martin ratioReturn relative to average drawdown | -0.66 | 3.80 | -4.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| OOQB | UTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.90 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | 0.17 | -0.74 |
Correlation
The correlation between OOQB and UTSL is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
OOQB vs. UTSL - Dividend Comparison
OOQB's dividend yield for the trailing twelve months is around 13.89%, more than UTSL's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 13.89% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.51% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
Drawdowns
OOQB vs. UTSL - Drawdown Comparison
The maximum OOQB drawdown since its inception was -53.44%, smaller than the maximum UTSL drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for OOQB and UTSL.
Loading graphics...
Drawdown Indicators
| OOQB | UTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.44% | -79.55% | +26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -53.44% | -27.94% | -25.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.01% | — |
Current DrawdownCurrent decline from peak | -50.78% | -11.14% | -39.64% |
Average DrawdownAverage peak-to-trough decline | -19.94% | -33.61% | +13.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.98% | 12.30% | +11.68% |
Volatility
OOQB vs. UTSL - Volatility Comparison
Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) has a higher volatility of 18.69% compared to Direxion Daily Utilities Bull 3X Shares (UTSL) at 15.69%. This indicates that OOQB's price experiences larger fluctuations and is considered to be riskier than UTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| OOQB | UTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.69% | 15.69% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 46.05% | 31.12% | +14.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.59% | 47.20% | +12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.96% | 51.60% | +10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.96% | 59.39% | +2.57% |