Correlation
The correlation between UTSL and FNGU is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
UTSL vs. FNGU
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
UTSL and FNGU 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. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both UTSL and FNGU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTSL or FNGU.
Performance
UTSL vs. FNGU - Performance Comparison
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Key characteristics
UTSL:
0.64
FNGU:
0.25
UTSL:
1.13
FNGU:
0.92
UTSL:
1.15
FNGU:
1.12
UTSL:
0.59
FNGU:
0.28
UTSL:
2.29
FNGU:
0.64
UTSL:
14.39%
FNGU:
27.62%
UTSL:
52.09%
FNGU:
93.18%
UTSL:
-79.55%
FNGU:
-92.34%
UTSL:
-30.78%
FNGU:
-37.57%
Returns By Period
In the year-to-date period, UTSL achieves a 17.07% return, which is significantly higher than FNGU's -25.65% return.
UTSL
17.07%
10.08%
-10.27%
33.14%
-2.90%
11.34%
N/A
FNGU
-25.65%
10.02%
-14.59%
23.29%
82.06%
41.24%
N/A
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UTSL vs. FNGU - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
UTSL vs. FNGU — Risk-Adjusted Performance Rank
UTSL
FNGU
UTSL vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.
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Dividends
UTSL vs. FNGU - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.56%, while FNGU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 1.56% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UTSL vs. FNGU - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for UTSL and FNGU.
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Volatility
UTSL vs. FNGU - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 14.01% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 10.08%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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