Correlation
The correlation between UTSL and TQQQ is 0.39, 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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTSL or TQQQ.
Performance
UTSL vs. TQQQ - Performance Comparison
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Key characteristics
UTSL:
0.67
TQQQ:
0.14
UTSL:
1.04
TQQQ:
0.71
UTSL:
1.13
TQQQ:
1.10
UTSL:
0.52
TQQQ:
0.16
UTSL:
2.00
TQQQ:
0.40
UTSL:
14.38%
TQQQ:
22.55%
UTSL:
52.19%
TQQQ:
75.92%
UTSL:
-79.55%
TQQQ:
-81.66%
UTSL:
-32.81%
TQQQ:
-24.09%
Returns By Period
In the year-to-date period, UTSL achieves a 13.64% return, which is significantly higher than TQQQ's -10.81% return.
UTSL
13.64%
5.18%
-12.64%
34.53%
-5.23%
10.68%
N/A
TQQQ
-10.81%
28.25%
-9.10%
10.25%
30.01%
28.73%
31.23%
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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.
Risk-Adjusted Performance
UTSL vs. TQQQ — Risk-Adjusted Performance Rank
UTSL
TQQQ
UTSL vs. TQQQ - Risk-Adjusted Performance 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.
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Dividends
UTSL vs. TQQQ - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.61%, more than TQQQ's 1.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 1.61% | 1.61% | 3.61% | 1.15% | 1.20% | 1.40% | 5.01% | 1.46% | 0.57% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.40% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
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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Volatility
UTSL vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 13.90%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.36%. 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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