UTSL vs. DBMF
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and iM DBi Managed Futures Strategy ETF (DBMF).
UTSL and DBMF 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. DBMF is an actively managed fund by Litman Gregory Capital Partners LLC. It was launched on May 8, 2019.
Performance
UTSL vs. DBMF - Performance Comparison
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UTSL vs. DBMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 20.69% | 29.03% | 54.24% | -35.55% | -14.06% | 48.16% | -38.58% | 46.72% |
DBMF iM DBi Managed Futures Strategy ETF | 7.87% | 13.85% | 7.24% | -8.94% | 21.61% | 11.49% | 1.80% | 10.67% |
Returns By Period
In the year-to-date period, UTSL achieves a 20.69% return, which is significantly higher than DBMF's 7.87% return.
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
DBMF
- 1D
- -0.20%
- 1M
- -3.82%
- YTD
- 7.87%
- 6M
- 15.44%
- 1Y
- 26.29%
- 3Y*
- 9.90%
- 5Y*
- 8.63%
- 10Y*
- —
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UTSL vs. DBMF - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than DBMF's 0.85% expense ratio.
Return for Risk
UTSL vs. DBMF — Risk / Return Rank
UTSL
DBMF
UTSL vs. DBMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and iM DBi Managed Futures Strategy ETF (DBMF). 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 | DBMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.19 | -1.29 |
Sortino ratioReturn per unit of downside risk | 1.37 | 2.98 | -1.61 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.46 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 4.25 | -2.58 |
Martin ratioReturn relative to average drawdown | 3.80 | 18.51 | -14.70 |
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 | DBMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.19 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.68 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.74 | -0.56 |
Correlation
The correlation between UTSL and DBMF is 0.03, 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. DBMF - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.51%, less than DBMF's 5.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DBMF iM DBi Managed Futures Strategy ETF | 5.30% | 5.91% | 5.75% | 2.91% | 7.72% | 10.38% | 0.86% | 9.35% | 0.00% | 0.00% |
Drawdowns
UTSL vs. DBMF - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than DBMF's maximum drawdown of -20.39%. Use the drawdown chart below to compare losses from any high point for UTSL and DBMF.
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Drawdown Indicators
| UTSL | DBMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -20.39% | -59.16% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -6.10% | -21.84% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | -20.39% | -47.62% |
Current DrawdownCurrent decline from peak | -11.14% | -3.82% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -33.61% | -6.70% | -26.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 1.40% | +10.90% |
Volatility
UTSL vs. DBMF - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 15.69% compared to iM DBi Managed Futures Strategy ETF (DBMF) at 5.24%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than DBMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | DBMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 5.24% | +10.45% |
Volatility (6M)Calculated over the trailing 6-month period | 31.12% | 11.10% | +20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.20% | 12.09% | +35.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.60% | 12.66% | +38.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.39% | 12.48% | +46.91% |