UTSL vs. TSMX
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and Direxion Daily TSM Bull 2X Shares (TSMX).
UTSL and TSMX 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. TSMX is an actively managed fund by Direxion. It was launched on Oct 3, 2024.
Performance
UTSL vs. TSMX - Performance Comparison
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UTSL vs. TSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 20.69% | 29.03% | -21.71% |
TSMX Direxion Daily TSM Bull 2X Shares | 16.15% | 81.48% | 14.76% |
Returns By Period
In the year-to-date period, UTSL achieves a 20.69% return, which is significantly higher than TSMX's 16.15% return.
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
TSMX
- 1D
- 13.81%
- 1M
- -20.58%
- YTD
- 16.15%
- 6M
- 30.27%
- 1Y
- 227.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UTSL vs. TSMX - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is lower than TSMX's 1.05% expense ratio.
Return for Risk
UTSL vs. TSMX — Risk / Return Rank
UTSL
TSMX
UTSL vs. TSMX - 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 TSM Bull 2X Shares (TSMX). 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 | TSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 2.95 | -2.05 |
Sortino ratioReturn per unit of downside risk | 1.37 | 3.08 | -1.72 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.39 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.67 | 6.59 | -4.91 |
Martin ratioReturn relative to average drawdown | 3.80 | 20.50 | -16.70 |
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 | TSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.95 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.01 | -0.84 |
Correlation
The correlation between UTSL and TSMX is 0.17, 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. TSMX - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.51%, less than TSMX's 7.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TSMX Direxion Daily TSM Bull 2X Shares | 7.11% | 8.01% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UTSL vs. TSMX - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than TSMX's maximum drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for UTSL and TSMX.
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Drawdown Indicators
| UTSL | TSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -63.80% | -15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -34.93% | +6.99% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | — | — |
Current DrawdownCurrent decline from peak | -11.14% | -25.94% | +14.80% |
Average DrawdownAverage peak-to-trough decline | -33.61% | -16.74% | -16.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.30% | 11.22% | +1.08% |
Volatility
UTSL vs. TSMX - Volatility Comparison
The current volatility for Direxion Daily Utilities Bull 3X Shares (UTSL) is 15.69%, while Direxion Daily TSM Bull 2X Shares (TSMX) has a volatility of 29.06%. This indicates that UTSL experiences smaller price fluctuations and is considered to be less risky than TSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | TSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.69% | 29.06% | -13.37% |
Volatility (6M)Calculated over the trailing 6-month period | 31.12% | 54.61% | -23.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.20% | 77.49% | -30.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.60% | 81.26% | -29.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.39% | 81.26% | -21.87% |