UTSL vs. SPY
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and SPDR S&P 500 ETF (SPY).
UTSL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UTSL and SPY 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 SPY.
Correlation
The correlation between UTSL and SPY is 0.38, 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.
Performance
UTSL vs. SPY - Performance Comparison
Key characteristics
UTSL:
2.20
SPY:
1.87
UTSL:
2.61
SPY:
2.52
UTSL:
1.33
SPY:
1.35
UTSL:
1.52
SPY:
2.81
UTSL:
9.40
SPY:
11.69
UTSL:
10.89%
SPY:
2.02%
UTSL:
46.61%
SPY:
12.65%
UTSL:
-79.55%
SPY:
-55.19%
UTSL:
-31.76%
SPY:
0.00%
Returns By Period
In the year-to-date period, UTSL achieves a 15.41% return, which is significantly higher than SPY's 4.58% return.
UTSL
15.41%
3.56%
14.25%
103.39%
-6.84%
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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UTSL vs. SPY - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
UTSL vs. SPY — Risk-Adjusted Performance Rank
UTSL
SPY
UTSL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and SPDR S&P 500 ETF (SPY). 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.
Dividends
UTSL vs. SPY - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.40%, more than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 1.40% | 1.61% | 3.61% | 1.15% | 1.20% | 1.40% | 5.01% | 1.46% | 0.57% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UTSL vs. SPY - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UTSL and SPY. For additional features, visit the drawdowns tool.
Volatility
UTSL vs. SPY - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 15.86% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.