UCC vs. UTSL
UCC (ProShares Ultra Consumer Services) and UTSL (Direxion Daily Utilities Bull 3X Shares) are both Leveraged Equities funds - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while UTSL tracks the Utilities Select Sector Index (300%). Both are passively managed. Over the past 5 years, UCC returned -0.24%/yr vs 8.66%/yr for UTSL. At a 0.27 correlation, their price movements are largely independent. UCC charges 0.95%/yr vs 0.99%/yr for UTSL.
Performance
UCC vs. UTSL - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -8.62% return, which is significantly lower than UTSL's 6.35% return.
UCC
- 1D
- 0.57%
- 1M
- -4.37%
- YTD
- -8.62%
- 6M
- -10.29%
- 1Y
- 12.48%
- 3Y*
- 14.37%
- 5Y*
- -0.24%
- 10Y*
- 13.99%
UTSL
- 1D
- 3.20%
- 1M
- -4.35%
- YTD
- 6.35%
- 6M
- 6.90%
- 1Y
- 20.28%
- 3Y*
- 20.77%
- 5Y*
- 8.66%
- 10Y*
- —
UCC vs. UTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -8.62% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 16.97% |
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 UCC and UTSL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.27 |
The correlation between UCC and UTSL shifts across timeframes, from 0.15 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. UTSL — Risk / Return Rank
UCC
UTSL
UCC vs. UTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) 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.
| UCC | UTSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.64 | -0.29 |
| Martin ratioReturn relative to average drawdown | 0.97 | 1.30 | -0.34 |
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Drawdowns
UCC vs. UTSL - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, roughly equal to the maximum UTSL drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for UCC and UTSL.
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Drawdown Indicators
| UCC | UTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -79.55% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -28.45% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -46.22% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -68.01% | +6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | — | — |
Current DrawdownCurrent decline from peak | -18.41% | -21.69% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -33.19% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.45% | 13.87% | -3.42% |
Volatility
UCC vs. UTSL - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 12.41%, while Direxion Daily Utilities Bull 3X Shares (UTSL) has a volatility of 17.03%. This indicates that UCC 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
| UCC | UTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.41% | 17.03% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 27.05% | 35.33% | -8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.41% | 43.73% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.70% | 52.08% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 59.23% | -18.55% |
UCC vs. UTSL - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is lower than UTSL's 0.99% expense ratio.
Dividends
UCC vs. UTSL - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, less than UTSL's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.18% | 1.10% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
UCC and UTSL have a correlation of 0.15, 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 UCC (12.41%). In terms of maximum drawdown, UCC dropped -83.05% vs UTSL's -79.55%.
On 5-year performance, UTSL leads with 8.66% vs -0.24% for UCC. On fees, UCC is cheaper at 0.95% per year. On volatility, UCC has been the lower-risk option at 12.41%. 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 -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC is cheaper with a 0.95% expense ratio, compared with 0.99% for UTSL.
UTSL has the higher dividend yield at 1.71%, compared with 1.18% for UCC.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while UTSL tracks Utilities Select Sector Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for UCC and 0.99% for UTSL.
UTSL currently has the higher Sharpe Ratio (0.42 vs 0.28), 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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