UTSL vs. DRN
UTSL (Direxion Daily Utilities Bull 3X Shares) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - UTSL is a Leveraged Equities fund tracking the Utilities Select Sector Index (300%), while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 5 years, UTSL returned 8.66%/yr vs -10.77%/yr for DRN. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
UTSL vs. DRN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTSL achieves a 6.35% return, which is significantly lower than DRN's 34.24% return.
UTSL
- 1D
- 3.20%
- 1M
- 2.56%
- YTD
- 6.35%
- 6M
- 6.90%
- 1Y
- 20.28%
- 3Y*
- 20.77%
- 5Y*
- 8.66%
- 10Y*
- —
DRN
- 1D
- 2.62%
- 1M
- 13.81%
- YTD
- 34.24%
- 6M
- 33.93%
- 1Y
- 19.88%
- 3Y*
- 10.01%
- 5Y*
- -10.77%
- 10Y*
- -3.96%
UTSL vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
DRN Direxion Daily Real Estate Bull 3x Shares | 34.24% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 5.29% |
Correlation
The correlation between UTSL and DRN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.60 |
The correlation between UTSL and DRN shifts across timeframes, from 0.48 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UTSL vs. DRN — Risk / Return Rank
UTSL
DRN
UTSL vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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.
| UTSL | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.68 | -0.04 |
| Martin ratioReturn relative to average drawdown | 1.30 | 1.51 | -0.20 |
Loading charts...
Drawdowns
UTSL vs. DRN - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for UTSL and DRN.
Loading charts...
Drawdown Indicators
| UTSL | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -86.32% | +6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -28.45% | -24.28% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -46.22% | -48.26% | +2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | -80.58% | +12.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.32% | — |
Current DrawdownCurrent decline from peak | -21.69% | -61.73% | +40.04% |
Average DrawdownAverage peak-to-trough decline | -33.19% | -35.11% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.87% | 10.92% | +2.95% |
Volatility
UTSL vs. DRN - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 17.03% compared to Direxion Daily Real Estate Bull 3x Shares (DRN) at 14.29%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UTSL | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.03% | 14.29% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 35.33% | 30.42% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.73% | 41.19% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.08% | 56.78% | -4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.23% | 60.68% | -1.45% |
UTSL vs. DRN - Expense Ratio Comparison
Both UTSL and DRN have an expense ratio of 0.99%.
Dividends
UTSL vs. DRN - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.71%, less than DRN's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.98% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
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% |
Frequently Asked Questions
UTSL and DRN have a correlation of 0.48, 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 DRN (14.29%). In terms of maximum drawdown, UTSL dropped -79.55% vs DRN's -86.32%.
On 5-year performance, UTSL leads with 8.66% vs -10.77% for DRN. Both ETFs have the same 0.99% expense ratio. On volatility, DRN has been the lower-risk option at 14.29%. 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 -10.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTSL and DRN have the same expense ratio: 0.99% per year.
DRN has the higher dividend yield at 1.98%, compared with 1.71% for UTSL.
UTSL is categorized as Leveraged Equities, while DRN is REIT. UTSL tracks Utilities Select Sector Index (300%), while DRN tracks MSCI US REIT Index (300%).
UTSL currently has the higher Sharpe Ratio (0.42 vs 0.40), 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.
Find the right allocation for UTSL and DRN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer