UTSL vs. OOQB
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB).
UTSL and OOQB 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. OOQB is an actively managed fund by Volatility Shares. It was launched on Feb 18, 2025.
Performance
UTSL vs. OOQB - Performance Comparison
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UTSL vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 20.69% | 11.80% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -28.69% | -13.30% |
Returns By Period
In the year-to-date period, UTSL achieves a 20.69% return, which is significantly higher than OOQB's -28.69% return.
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
OOQB
- 1D
- 5.72%
- 1M
- -2.59%
- YTD
- -28.69%
- 6M
- -45.98%
- 1Y
- -14.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UTSL vs. OOQB - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Return for Risk
UTSL vs. OOQB — Risk / Return Rank
UTSL
OOQB
UTSL vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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 | OOQB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | -0.25 | +1.15 |
Sortino ratioReturn per unit of downside risk | 1.37 | 0.04 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.30 | +1.97 |
Martin ratioReturn relative to average drawdown | 3.80 | -0.66 | +4.47 |
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 | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | -0.25 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.57 | +0.74 |
Correlation
The correlation between UTSL and OOQB is 0.20, 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. OOQB - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.51%, less than OOQB's 13.89% 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% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 13.89% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UTSL vs. OOQB - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for UTSL and OOQB.
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Drawdown Indicators
| UTSL | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -53.44% | -26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -53.44% | +25.50% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | — | — |
Current DrawdownCurrent decline from peak | -11.14% | -50.78% | +39.64% |
Average DrawdownAverage peak-to-trough decline | -33.61% | -19.94% | -13.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 23.98% | -11.68% |
Volatility
UTSL vs. OOQB - Volatility Comparison
The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 15.69%, while Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) has a volatility of 18.69%. This indicates that UTSL experiences smaller price fluctuations and is considered to be less risky than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 18.69% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 31.12% | 46.05% | -14.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.20% | 59.59% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.60% | 61.96% | -10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.39% | 61.96% | -2.57% |