Correlation
The correlation between UTSL and UPW 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. UPW
Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and ProShares Ultra Utilities (UPW).
UTSL and UPW 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. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. Both UTSL and UPW 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 UPW.
Performance
UTSL vs. UPW - Performance Comparison
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Key characteristics
UTSL:
0.64
UPW:
0.77
UTSL:
1.13
UPW:
1.20
UTSL:
1.15
UPW:
1.15
UTSL:
0.59
UPW:
0.93
UTSL:
2.29
UPW:
2.87
UTSL:
14.39%
UPW:
9.27%
UTSL:
52.09%
UPW:
34.74%
UTSL:
-79.55%
UPW:
-77.75%
UTSL:
-30.78%
UPW:
-4.60%
Returns By Period
In the year-to-date period, UTSL achieves a 17.07% return, which is significantly higher than UPW's 14.06% return.
UTSL
17.07%
9.24%
-10.27%
26.52%
-2.90%
11.34%
N/A
UPW
14.06%
5.65%
-4.34%
22.48%
2.80%
11.56%
12.02%
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UTSL vs. UPW - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is higher than UPW's 0.95% expense ratio.
Risk-Adjusted Performance
UTSL vs. UPW — Risk-Adjusted Performance Rank
UTSL
UPW
UTSL vs. UPW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and ProShares Ultra Utilities (UPW). 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. UPW - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.56%, less than UPW's 1.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 1.56% | 1.61% | 3.61% | 1.15% | 1.20% | 1.40% | 5.01% | 1.46% | 0.57% | 0.00% | 0.00% | 0.00% |
UPW ProShares Ultra Utilities | 1.71% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% | 1.69% |
Drawdowns
UTSL vs. UPW - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, roughly equal to the maximum UPW drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for UTSL and UPW.
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Volatility
UTSL vs. UPW - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 14.01% compared to ProShares Ultra Utilities (UPW) at 9.19%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than UPW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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