UTSL vs. COTG
UTSL (Direxion Daily Utilities Bull 3X Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. UTSL is passively managed, while COTG is actively managed. At a 0.14 correlation, their price movements are largely independent. UTSL charges 0.99%/yr vs 0.75%/yr for COTG.
Performance
UTSL vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, UTSL achieves a 1.14% return, which is significantly lower than COTG's 17.32% return.
UTSL
- 1D
- -1.50%
- 1M
- -17.87%
- YTD
- 1.14%
- 6M
- -5.29%
- 1Y
- 9.70%
- 3Y*
- 20.67%
- 5Y*
- 8.32%
- 10Y*
- —
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTSL vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 1.14% | 3.58% |
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -21.71% |
Correlation
The correlation between UTSL and COTG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025 | 0.14 |
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Return for Risk
UTSL vs. COTG — Risk / Return Rank
UTSL
COTG
UTSL vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Leverage Shares 2X Long COST Daily ETF (COTG). 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 | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | — | — |
| Martin ratioReturn relative to average drawdown | 0.73 | — | — |
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 | COTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.28 | +0.42 |
Drawdowns
UTSL vs. COTG - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for UTSL and COTG.
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Drawdown Indicators
| UTSL | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -25.69% | -53.86% |
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 DrawdownCurrent decline from peak | -25.53% | -23.48% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -33.23% | -8.35% | -24.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.34% | — | — |
Volatility
UTSL vs. COTG - Volatility Comparison
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Volatility by Period
| UTSL | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.41% | 40.65% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.02% | 40.65% | +11.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.28% | 40.65% | +18.63% |
UTSL vs. COTG - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
UTSL vs. COTG - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.80%, while COTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.80% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
Frequently Asked Questions
UTSL and COTG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COTG is cheaper with a 0.75% expense ratio, compared with 0.99% for UTSL.
UTSL has the higher dividend yield at 1.80%, compared with 0.00% for COTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for UTSL and 0.75% for COTG.
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