UTSL vs. SOXS
UTSL (Direxion Daily Utilities Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - UTSL is a Leveraged Equities fund tracking the Utilities Select Sector Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, UTSL returned 8.32%/yr vs -78.46%/yr for SOXS. Their -0.14 correlation means they have often moved in opposite directions in the past. UTSL charges 0.99%/yr vs 1.08%/yr for SOXS.
Performance
UTSL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, UTSL achieves a 4.80% return, which is significantly higher than SOXS's -91.17% 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%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.72B | $3.43B | $3.32B | |
| $4.76M | $4.30M | $4.57M |
UTSL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 4.80% | 29.03% | 54.24% | -35.55% | -14.06% | 48.16% | -38.58% | 81.07% | -2.27% | 11.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.17% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -56.06% |
Correlation
The correlation between UTSL and SOXS is -0.11, 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. | -0.11 |
Correlation (3Y) Balances recent behavior with more history. | -0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.14 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | -0.14 |
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Return for Risk
UTSL vs. SOXS — Risk / Return Rank
UTSL
SOXS
UTSL vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.74 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.98 | +1.04 |
| Martin ratioReturn relative to average drawdown | 0.10 | -1.35 | +1.45 |
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Drawdowns
UTSL vs. SOXS - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UTSL and SOXS.
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Drawdown Indicators
| UTSL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -100.00% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -28.45% | -97.89% | +69.44% |
Max Drawdown (3Y)Largest decline over 3 years | -35.97% | -99.87% | +63.90% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | -99.98% | +31.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -22.83% | -100.00% | +77.17% |
Average DrawdownAverage peak-to-trough decline | -32.96% | -92.65% | +59.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.17% | 71.27% | -56.10% |
Volatility
UTSL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 13.70%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. This indicates that UTSL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.70% | 55.41% | -41.71% |
Volatility (6M)Calculated over the trailing 6-month period | 36.19% | 117.32% | -81.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.78% | 132.87% | -88.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.07% | 114.55% | -62.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.06% | 103.76% | -44.70% |
UTSL vs. SOXS - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
UTSL vs. SOXS - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.68%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 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 SOXS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to UTSL (13.70%). In terms of maximum drawdown, UTSL dropped -79.55% vs SOXS's -100.00%.
On 5-year performance, UTSL leads with 8.32% vs -78.46% for SOXS. On fees, UTSL is cheaper at 0.99% per year. On volatility, UTSL has been the lower-risk option at 13.70%. 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 8.32% return vs -78.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTSL is cheaper with a 0.99% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 41.84%, compared with 1.68% for UTSL.
UTSL is categorized as Leveraged Equities, while SOXS is Inverse Equities. UTSL tracks Utilities Select Sector Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.99% for UTSL and 1.08% for SOXS.
UTSL currently has the higher Sharpe Ratio (0.03 vs -0.73), 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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