UTSL vs. UTG

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily Utilities Bull 3X Shares (UTSL) and Reaves Utility Income Trust (UTG).

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.

Performance

UTSL vs. UTG - Performance Comparison

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

UTSL vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTSL Direxion Daily Utilities Bull 3X Shares	20.69%	29.03%	54.24%	-35.55%	-14.06%	48.16%	-38.58%	81.07%	-2.27%	11.26%
UTG Reaves Utility Income Trust	8.44%	23.24%	28.10%	2.84%	-13.38%	14.26%	-5.25%	33.65%	1.84%	-6.75%

Returns By Period

In the year-to-date period, UTSL achieves a 20.69% return, which is significantly higher than UTG's 8.44% return.

UTSL

• 1D: -0.75%
• 1M: -11.14%
• YTD: 20.69%
• 6M: 11.50%
• 1Y: 42.18%
• 3Y*: 21.90%
• 5Y*: 13.39%
• 10Y*: —

UTG

• 1D: 0.41%
• 1M: -5.57%
• YTD: 8.44%
• 6M: 2.25%
• 1Y: 28.68%
• 3Y*: 20.05%
• 5Y*: 11.13%
• 10Y*: 10.34%

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

Return for Risk

UTSL vs. UTG — Risk / Return Rank

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

UTSL

UTSL Risk / Return Rank: 53
UTSL Sharpe Ratio Rank: 52
UTSL Sortino Ratio Rank: 53
UTSL Omega Ratio Rank: 50
UTSL Calmar Ratio Rank: 68
UTSL Martin Ratio Rank: 42

UTG

UTG Risk / Return Rank: 81
UTG Sharpe Ratio Rank: 85
UTG Sortino Ratio Rank: 76
UTG Omega Ratio Rank: 82
UTG Calmar Ratio Rank: 82
UTG Martin Ratio Rank: 79

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. UTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Reaves Utility Income Trust (UTG). 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	UTG	Difference
Sharpe ratio Return per unit of total volatility	0.90	1.52	-0.62
Sortino ratio Return per unit of downside risk	1.37	1.83	-0.47
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	1.67	2.41	-0.74
Martin ratio Return relative to average drawdown	3.80	5.37	-1.56
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. UTG - Sharpe Ratio Comparison

The current UTSL Sharpe Ratio is 0.90, which is lower than the UTG Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of UTSL and UTG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UTSL	UTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	1.52	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.68	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.47	-0.30

Correlation

The correlation between UTSL and UTG is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UTSL vs. UTG - Dividend Comparison

UTSL's dividend yield for the trailing twelve months is around 1.51%, less than UTG's 6.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
UTG Reaves Utility Income Trust	6.03%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

Drawdowns

UTSL vs. UTG - Drawdown Comparison

The maximum UTSL drawdown since its inception was -79.55%, which is greater than UTG's maximum drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for UTSL and UTG.

Drawdown Indicators

	UTSL	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-79.55%	-67.77%	-11.78%
Max Drawdown (1Y) Largest decline over 1 year	-27.94%	-12.01%	-15.93%
Max Drawdown (5Y) Largest decline over 5 years	-68.01%	-26.54%	-41.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.91%	—
Current Drawdown Current decline from peak	-11.14%	-6.02%	-5.12%
Average Drawdown Average peak-to-trough decline	-33.61%	-8.79%	-24.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.30%	5.40%	+6.90%

Volatility

UTSL vs. UTG - Volatility Comparison

Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 15.69% compared to Reaves Utility Income Trust (UTG) at 6.42%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTSL	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	6.42%	+9.27%
Volatility (6M) Calculated over the trailing 6-month period	31.12%	13.20%	+17.92%
Volatility (1Y) Calculated over the trailing 1-year period	47.20%	18.93%	+28.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.60%	16.56%	+35.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.39%	21.54%	+37.85%