UTSL vs. FCLD
UTSL (Direxion Daily Utilities Bull 3X Shares) and FCLD (Fidelity Cloud Computing ETF) are both exchange-traded funds - UTSL is a Leveraged Equities fund tracking the Utilities Select Sector Index (300%), while FCLD is a Technology Equities fund tracking the Fidelity Cloud Computing Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, UTSL returned 20.22%/yr vs 24.29%/yr for FCLD. Their 0.15 correlation means their historical movements had little consistent relationship. UTSL charges 0.99%/yr vs 0.39%/yr for FCLD.
Performance
UTSL vs. FCLD - Performance Comparison
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Returns By Period
In the year-to-date period, UTSL achieves a 4.80% return, which is significantly lower than FCLD's 33.66% return.
UTSL
- 1D
- -2.23%
- 1M
- -10.12%
- 6M
- 1.79%
- YTD
- 4.80%
- 1Y
- 1.29%
- 3Y*
- 20.22%
- 5Y*
- 8.32%
- 10Y*
- —
- ALL TIME*
- 8.16%
FCLD
- 1D
- 1.33%
- 1M
- 4.17%
- 6M
- 35.89%
- YTD
- 33.66%
- 1Y
- 45.67%
- 3Y*
- 24.29%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $599.13K | $567.95K | $795.73K | |
| $4.76M | $4.30M | $4.57M |
UTSL vs. FCLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 4.80% | 29.03% | 54.24% | -35.55% | -14.06% | 30.10% |
FCLD Fidelity Cloud Computing ETF | 33.66% | 8.19% | 21.80% | 53.05% | -41.32% | -1.59% |
Correlation
The correlation between UTSL and FCLD is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.15 |
The correlation between UTSL and FCLD shifts across timeframes, from -0.13 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UTSL vs. FCLD — Risk / Return Rank
UTSL
FCLD
UTSL vs. FCLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Fidelity Cloud Computing ETF (FCLD). 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 | FCLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.23 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 2.28 | -2.22 |
| Martin ratioReturn relative to average drawdown | 0.10 | 5.48 | -5.39 |
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Drawdowns
UTSL vs. FCLD - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than FCLD's maximum drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for UTSL and FCLD.
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Drawdown Indicators
| UTSL | FCLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -50.85% | -28.70% |
Max Drawdown (1Y)Largest decline over 1 year | -28.45% | -17.48% | -10.97% |
Max Drawdown (3Y)Largest decline over 3 years | -35.97% | -34.80% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | — | — |
Current DrawdownCurrent decline from peak | -22.83% | -4.65% | -18.18% |
Average DrawdownAverage peak-to-trough decline | -32.96% | -20.08% | -12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 7.31% | +7.86% |
Volatility
UTSL vs. FCLD - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 13.70% compared to Fidelity Cloud Computing ETF (FCLD) at 6.98%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than FCLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | FCLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.70% | 6.98% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 36.19% | 22.27% | +13.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.78% | 28.80% | +15.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.07% | 30.39% | +21.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.06% | 30.39% | +28.67% |
UTSL vs. FCLD - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than FCLD's 0.39% expense ratio.
Dividends
UTSL vs. FCLD - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.68%, more than FCLD's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FCLD Fidelity Cloud Computing ETF | 0.01% | 0.03% | 0.13% | 0.17% | 0.26% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.68% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
Frequently Asked Questions
UTSL and FCLD have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTSL has higher volatility (13.70%) compared to FCLD (6.98%). In terms of maximum drawdown, UTSL dropped -79.55% vs FCLD's -50.85%.
On 3-year performance, FCLD leads with 24.29% vs 20.22% for UTSL. On fees, FCLD is cheaper at 0.39% per year. On volatility, FCLD has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FCLD has performed better with a 24.29% return vs 20.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCLD is cheaper with a 0.39% expense ratio, compared with 0.99% for UTSL.
UTSL has the higher dividend yield at 1.68%, compared with 0.01% for FCLD.
UTSL is categorized as Leveraged Equities, while FCLD is Technology Equities. UTSL tracks Utilities Select Sector Index (300%), while FCLD tracks Fidelity Cloud Computing Index - Benchmark TR Gross. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 0.99% for UTSL and 0.39% for FCLD.
FCLD currently has the higher Sharpe Ratio (1.38 vs 0.03), 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.
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