UTSL vs. TQQQ
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and ProShares UltraPro QQQ (TQQQ).
UTSL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both UTSL and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UTSL vs. TQQQ - Performance Comparison
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UTSL vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 20.69% | 29.03% | 54.24% | -35.55% | -14.06% | 48.16% | -38.58% | 81.07% | -2.27% | 11.26% |
TQQQ ProShares UltraPro QQQ | -20.81% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 42.51% |
Returns By Period
In the year-to-date period, UTSL achieves a 20.69% return, which is significantly higher than TQQQ's -20.81% return.
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
TQQQ
- 1D
- 10.00%
- 1M
- -15.69%
- YTD
- -20.81%
- 6M
- -19.12%
- 1Y
- 46.49%
- 3Y*
- 45.09%
- 5Y*
- 12.72%
- 10Y*
- 34.82%
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UTSL vs. TQQQ - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Return for Risk
UTSL vs. TQQQ — Risk / Return Rank
UTSL
TQQQ
UTSL vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.69 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.37 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.25 | +0.42 |
Martin ratioReturn relative to average drawdown | 3.80 | 3.87 | -0.06 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.69 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.19 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.64 | -0.47 |
Correlation
The correlation between UTSL and TQQQ is 0.24, 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. TQQQ - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.51%, more than TQQQ's 0.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.76% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
UTSL vs. TQQQ - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UTSL and TQQQ.
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Drawdown Indicators
| UTSL | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -81.66% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -36.97% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | -81.66% | +13.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -11.14% | -30.66% | +19.52% |
Average DrawdownAverage peak-to-trough decline | -33.61% | -18.66% | -14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 12.00% | +0.30% |
Volatility
UTSL vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 15.69%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.43%. This indicates that UTSL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 19.43% | -3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 31.12% | 38.32% | -7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.20% | 67.26% | -20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.60% | 66.55% | -14.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.39% | 65.83% | -6.44% |