UTSL vs. BITX
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
UTSL and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Performance
UTSL vs. BITX - Performance Comparison
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UTSL vs. BITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 22.85% | 29.03% | 54.24% | -16.07% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | -46.11% | -38.71% | 163.41% | 47.23% |
Returns By Period
In the year-to-date period, UTSL achieves a 22.85% return, which is significantly higher than BITX's -46.11% return.
UTSL
- 1D
- 1.79%
- 1M
- -7.34%
- YTD
- 22.85%
- 6M
- 10.22%
- 1Y
- 43.29%
- 3Y*
- 22.63%
- 5Y*
- 13.80%
- 10Y*
- —
BITX
- 1D
- 1.09%
- 1M
- -5.43%
- YTD
- -46.11%
- 6M
- -72.82%
- 1Y
- -55.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UTSL vs. BITX - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is lower than BITX's 1.85% expense ratio.
Return for Risk
UTSL vs. BITX — Risk / Return Rank
UTSL
BITX
UTSL vs. BITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
| UTSL | BITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | -0.62 | +1.54 |
Sortino ratioReturn per unit of downside risk | 1.39 | -0.61 | +2.00 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.93 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.68 | +2.28 |
Martin ratioReturn relative to average drawdown | 3.63 | -1.29 | +4.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTSL | BITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | -0.62 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.09 | +0.08 |
Correlation
The correlation between UTSL and BITX is 0.14, 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
UTSL vs. BITX - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.48%, less than BITX's 36.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 1.48% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 36.26% | 21.69% | 10.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UTSL vs. BITX - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, roughly equal to the maximum BITX drawdown of -77.88%. Use the drawdown chart below to compare losses from any high point for UTSL and BITX.
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Drawdown Indicators
| UTSL | BITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -77.88% | -1.67% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -77.88% | +49.94% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | — | — |
Current DrawdownCurrent decline from peak | -9.55% | -76.18% | +66.63% |
Average DrawdownAverage peak-to-trough decline | -33.60% | -29.26% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.31% | 40.73% | -28.42% |
Volatility
UTSL vs. BITX - Volatility Comparison
The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 15.76%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 25.94%. This indicates that UTSL experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | BITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.76% | 25.94% | -10.18% |
Volatility (6M)Calculated over the trailing 6-month period | 31.17% | 73.72% | -42.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.13% | 90.21% | -43.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.60% | 99.82% | -48.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.38% | 99.82% | -40.44% |