Correlation
The correlation between UPW and UTSL is 0.39, 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.
UPW vs. UTSL
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Direxion Daily Utilities Bull 3X Shares (UTSL).
UPW and UTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. 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. Both UPW and UTSL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPW or UTSL.
Performance
UPW vs. UTSL - Performance Comparison
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Key characteristics
UPW:
0.77
UTSL:
0.64
UPW:
1.20
UTSL:
1.13
UPW:
1.15
UTSL:
1.15
UPW:
0.93
UTSL:
0.59
UPW:
2.87
UTSL:
2.29
UPW:
9.27%
UTSL:
14.39%
UPW:
34.74%
UTSL:
52.09%
UPW:
-77.75%
UTSL:
-79.55%
UPW:
-4.60%
UTSL:
-30.78%
Returns By Period
In the year-to-date period, UPW achieves a 14.06% return, which is significantly lower than UTSL's 17.07% return.
UPW
14.06%
5.65%
-4.34%
22.48%
2.80%
11.56%
12.02%
UTSL
17.07%
9.24%
-10.27%
26.52%
-2.90%
11.34%
N/A
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UPW vs. UTSL - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is lower than UTSL's 0.99% expense ratio.
Risk-Adjusted Performance
UPW vs. UTSL — Risk-Adjusted Performance Rank
UPW
UTSL
UPW vs. UTSL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
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Dividends
UPW vs. UTSL - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.71%, more than UTSL's 1.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.71% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% | 1.69% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.56% | 1.61% | 3.61% | 1.15% | 1.20% | 1.40% | 5.01% | 1.46% | 0.57% | 0.00% | 0.00% | 0.00% |
Drawdowns
UPW vs. UTSL - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, roughly equal to the maximum UTSL drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for UPW and UTSL.
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Volatility
UPW vs. UTSL - Volatility Comparison
The current volatility for ProShares Ultra Utilities (UPW) is 9.19%, while Direxion Daily Utilities Bull 3X Shares (UTSL) has a volatility of 14.01%. This indicates that UPW 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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