UTSL vs. URTY

Last updated Jun 4, 2026

UTSL (Direxion Daily Utilities Bull 3X Shares) and URTY (ProShares UltraPro Russell2000) are both Leveraged Equities funds - UTSL tracks the Utilities Select Sector Index (300%) while URTY tracks the Russell 2000 Index (300%). Both are passively managed. Over the past 5 years, UTSL returned 8.32%/yr vs -6.71%/yr for URTY. At a 0.31 correlation, their price movements are largely independent. UTSL charges 0.99%/yr vs 0.95%/yr for URTY.

Performance

UTSL vs. URTY - 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 Russell2000 (URTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTSL achieves a 1.14% return, which is significantly lower than URTY's 46.44% return.

UTSL

• 1D: -1.50%
• 1M: -17.87%
• YTD: 1.14%
• 6M: -5.29%
• 1Y: 9.70%
• 3Y*: 20.67%
• 5Y*: 8.32%
• 10Y*: —

URTY

• 1D: -4.07%
• 1M: 9.06%
• YTD: 46.44%
• 6M: 40.44%
• 1Y: 117.82%
• 3Y*: 27.59%
• 5Y*: -6.71%
• 10Y*: 7.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UTSL vs. URTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTSL Direxion Daily Utilities Bull 3X Shares	1.14%	29.03%	54.24%	-35.55%	-14.06%	48.16%	-38.58%	81.07%	-2.27%	11.26%
URTY ProShares UltraPro Russell2000	46.44%	9.26%	7.38%	24.43%	-62.81%	28.47%	-7.72%	72.37%	-39.59%	31.32%

Correlation

The correlation between UTSL and URTY is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 4, 2017	0.31

UTSL vs. URTY - Sectors Allocation Comparison

Sectors	UTSL	URTY
Utilities	100.0%	1.2%
Basic Materials	-	1.7%
Communication Services	-	0.8%
Consumer Cyclical	-	2.9%
Consumer Defensive	-	0.8%
Energy	-	2.4%
Financial Services	-	25.3%
Healthcare	-	6.1%
Industrials	-	6.4%
Real Estate	-	2.2%
Technology	-	7.3%

Return for Risk

UTSL vs. URTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UTSL

UTSL Risk / Return Rank: 13
UTSL Sharpe Ratio Rank: 12
UTSL Sortino Ratio Rank: 13
UTSL Omega Ratio Rank: 13
UTSL Calmar Ratio Rank: 13
UTSL Martin Ratio Rank: 12

URTY

URTY Risk / Return Rank: 59
URTY Sharpe Ratio Rank: 60
URTY Sortino Ratio Rank: 52
URTY Omega Ratio Rank: 47
URTY Calmar Ratio Rank: 72
URTY Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UTSL vs. URTY - 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 Russell2000 (URTY). 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	URTY	Difference
Sharpe ratio Return per unit of total volatility	0.22	2.07	-1.85
Sortino ratio Return per unit of downside risk	0.60	2.55	-1.96
Omega ratio Gain probability vs. loss probability	1.07	1.30	-0.23
Calmar ratio Return relative to maximum drawdown	0.34	3.64	-3.30
Martin ratio Return relative to average drawdown	0.73	11.96	-11.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTSL vs. URTY - Sharpe Ratio Comparison

The current UTSL Sharpe Ratio is 0.22, which is lower than the URTY Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of UTSL and URTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UTSL	URTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	2.07	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.10	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.20	-0.07

Drawdowns

UTSL vs. URTY - Drawdown Comparison

The maximum UTSL drawdown since its inception was -79.55%, smaller than the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for UTSL and URTY.

Drawdown Indicators

	UTSL	URTY	Difference
Max Drawdown Largest peak-to-trough decline	-79.55%	-88.09%	+8.54%
Max Drawdown (1Y) Largest decline over 1 year	-28.45%	-32.56%	+4.11%
Max Drawdown (3Y) Largest decline over 3 years	-46.22%	-65.85%	+19.63%
Max Drawdown (5Y) Largest decline over 5 years	-68.01%	-82.76%	+14.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-88.09%	—
Current Drawdown Current decline from peak	-25.53%	-39.71%	+14.18%
Average Drawdown Average peak-to-trough decline	-33.23%	-34.79%	+1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	9.89%	+3.45%

Volatility

UTSL vs. URTY - Volatility Comparison

Direxion Daily Utilities Bull 3X Shares (UTSL) and ProShares UltraPro Russell2000 (URTY) have volatilities of 16.50% and 17.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTSL	URTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.50%	17.18%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	34.86%	40.37%	-5.51%
Volatility (1Y) Calculated over the trailing 1-year period	43.41%	57.33%	-13.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.02%	67.43%	-15.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.28%	69.32%	-10.04%

UTSL vs. URTY - Expense Ratio Comparison

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

Dividends

UTSL vs. URTY - Dividend Comparison

UTSL's dividend yield for the trailing twelve months is around 1.80%, more than URTY's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
URTY ProShares UltraPro Russell2000	0.64%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%
UTSL Direxion Daily Utilities Bull 3X Shares	1.80%	1.69%	1.61%	3.61%	1.15%	1.19%	1.40%	5.01%	1.46%	0.57%	0.00%

Frequently Asked Questions

Can I hold both UTSL and URTY in my portfolio?

UTSL and URTY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTSL or URTY?

URTY has higher volatility (17.18%) compared to UTSL (16.50%). In terms of maximum drawdown, UTSL dropped -79.55% vs URTY's -88.09%.

Which ETF is better, UTSL or URTY?

On 5-year performance, UTSL leads with 8.32% vs -6.71% for URTY. On fees, URTY is cheaper at 0.95% per year. On volatility, UTSL has been the lower-risk option at 16.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UTSL or URTY?

Over the 5-year period, UTSL has performed better with a 8.32% return vs -6.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UTSL or URTY?

URTY is cheaper with a 0.95% expense ratio, compared with 0.99% for UTSL.

Which ETF pays a higher dividend yield, UTSL or URTY?

UTSL has the higher dividend yield at 1.80%, compared with 0.64% for URTY.

What is the main difference between UTSL and URTY?

UTSL tracks Utilities Select Sector Index (300%), while URTY tracks Russell 2000 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.99% for UTSL and 0.95% for URTY.

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (2.07 vs 0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.