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UTSL vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.2

Performance

UTSL vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Utilities Bull 3X Shares (UTSL) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%JulyAugustSeptemberOctoberNovemberDecember
54.27%
959.76%
UTSL
TQQQ

Key characteristics

Sharpe Ratio

UTSL:

1.34

TQQQ:

1.37

Sortino Ratio

UTSL:

1.84

TQQQ:

1.84

Omega Ratio

UTSL:

1.23

TQQQ:

1.25

Calmar Ratio

UTSL:

0.91

TQQQ:

1.55

Martin Ratio

UTSL:

5.81

TQQQ:

5.79

Ulcer Index

UTSL:

10.72%

TQQQ:

12.58%

Daily Std Dev

UTSL:

46.39%

TQQQ:

53.25%

Max Drawdown

UTSL:

-79.55%

TQQQ:

-81.66%

Current Drawdown

UTSL:

-40.41%

TQQQ:

-11.00%

Returns By Period

In the year-to-date period, UTSL achieves a 55.43% return, which is significantly lower than TQQQ's 65.52% return.


UTSL

YTD

55.43%

1M

-20.00%

6M

26.36%

1Y

60.44%

5Y*

-4.18%

10Y*

N/A

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


UTSL vs. TQQQ - Expense Ratio Comparison

UTSL has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.


UTSL
Direxion Daily Utilities Bull 3X Shares
Expense ratio chart for UTSL: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for UTSL, currently valued at 1.34, compared to the broader market0.002.004.001.341.37
The chart of Sortino ratio for UTSL, currently valued at 1.84, compared to the broader market-2.000.002.004.006.008.0010.001.841.84
The chart of Omega ratio for UTSL, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.25
The chart of Calmar ratio for UTSL, currently valued at 0.91, compared to the broader market0.005.0010.0015.000.911.55
The chart of Martin ratio for UTSL, currently valued at 5.81, compared to the broader market0.0020.0040.0060.0080.00100.005.815.79
UTSL
TQQQ

The current UTSL Sharpe Ratio is 1.34, which is comparable to the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of UTSL and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.34
1.37
UTSL
TQQQ

Dividends

UTSL vs. TQQQ - Dividend Comparison

UTSL's dividend yield for the trailing twelve months is around 1.28%, more than TQQQ's 0.88% yield.


TTM2023202220212020201920182017201620152014
UTSL
Direxion Daily Utilities Bull 3X Shares
1.28%3.61%1.15%1.20%1.40%5.01%1.46%0.57%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
0.88%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. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-40.41%
-11.00%
UTSL
TQQQ

Volatility

UTSL vs. TQQQ - Volatility Comparison

The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 14.92%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 16.08%. 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.


5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
14.92%
16.08%
UTSL
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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