WANT vs. DUSL

Last updated Jun 13, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and DUSL (Direxion Daily Industrials Bull 3X Shares) are both Leveraged Equities funds from Direxion - WANT tracks the S&P Consumer Discretionary Select Sector Index (-300%) while DUSL tracks the Industrials Select Sector Index (300%). Both are passively managed. Over the past 5 years, WANT returned -6.22%/yr vs 19.67%/yr for DUSL. A 0.68 correlation means they provide meaningful diversification when combined. WANT charges 0.98%/yr vs 1.01%/yr for DUSL.

Performance

WANT vs. DUSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Industrials Bull 3X Shares (DUSL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WANT achieves a -14.95% return, which is significantly lower than DUSL's 34.09% return.

WANT

• 1D: 0.66%
• 1M: -7.09%
• YTD: -14.95%
• 6M: -17.60%
• 1Y: 8.18%
• 3Y*: 12.79%
• 5Y*: -6.22%
• 10Y*: —

DUSL

• 1D: 2.31%
• 1M: 2.41%
• YTD: 34.09%
• 6M: 30.29%
• 1Y: 60.14%
• 3Y*: 45.34%
• 5Y*: 19.67%
• 10Y*: —

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

WANT vs. DUSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-14.95%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	90.07%	-24.44%
DUSL Direxion Daily Industrials Bull 3X Shares	34.09%	37.50%	34.75%	37.23%	-31.17%	60.72%	-19.77%	90.70%	-29.80%

Correlation

The correlation between WANT and DUSL is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018	0.68

The correlation between WANT and DUSL has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

WANT vs. DUSL - Sectors Allocation Comparison

Sectors	WANT	DUSL
Consumer Cyclical	18.4%	0.1%
Communication Services	0.2%	-
Technology	0.2%	0.8%
Industrials	0.0%	20.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.1%

Return for Risk

WANT vs. DUSL — Risk / Return Rank

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

WANT

WANT Risk / Return Rank: 13
WANT Sharpe Ratio Rank: 12
WANT Sortino Ratio Rank: 14
WANT Omega Ratio Rank: 14
WANT Calmar Ratio Rank: 12
WANT Martin Ratio Rank: 12

DUSL

DUSL Risk / Return Rank: 40
DUSL Sharpe Ratio Rank: 39
DUSL Sortino Ratio Rank: 39
DUSL Omega Ratio Rank: 37
DUSL Calmar Ratio Rank: 41
DUSL Martin Ratio Rank: 42

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.

WANT vs. DUSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Industrials Bull 3X Shares (DUSL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WANT	DUSL	Difference
Sharpe ratio: Return per unit of total volatility	0.15	1.23	-1.08
Sortino ratio: Return per unit of downside risk	0.60	1.82	-1.22
Omega ratio: Gain probability vs. loss probability	1.07	1.22	-0.15
Calmar ratio: Return relative to maximum drawdown	0.20	1.79	-1.60
Martin ratio: Return relative to average drawdown	0.52	5.91	-5.38

WANT vs. DUSL - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is 0.15, which is lower than the DUSL Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of WANT and DUSL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WANT vs. DUSL - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, roughly equal to the maximum DUSL drawdown of -85.74%. Use the drawdown chart below to compare losses from any high point for WANT and DUSL.

Drawdown Indicators

	WANT	DUSL	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-85.74%	-0.15%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-33.68%	-7.59%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	-50.86%	-12.67%
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	-58.43%	-27.46%
Current Drawdown Current decline from peak	-59.01%	-10.11%	-48.90%
Average Drawdown Average peak-to-trough decline	-43.11%	-21.96%	-21.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.68%	10.22%	+5.46%

Volatility

WANT vs. DUSL - Volatility Comparison

Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Industrials Bull 3X Shares (DUSL) have volatilities of 18.43% and 18.87%, 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

	WANT	DUSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.43%	18.87%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	39.93%	41.19%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	54.30%	49.18%	+5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.78%	52.90%	+17.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.47%	61.65%	+9.82%

WANT vs. DUSL - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is lower than DUSL's 1.01% expense ratio.

Dividends

WANT vs. DUSL - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.63%, less than DUSL's 8.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	8.54%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.63%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WANT and DUSL in my portfolio?

WANT and DUSL have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WANT or DUSL?

DUSL has higher volatility (18.87%) compared to WANT (18.43%). In terms of maximum drawdown, WANT dropped -85.89% vs DUSL's -85.74%.

Which ETF is better, WANT or DUSL?

On 5-year performance, DUSL leads with 19.67% vs -6.22% for WANT. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 18.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WANT or DUSL?

Over the 5-year period, DUSL has performed better with a 19.67% return vs -6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WANT or DUSL?

WANT is cheaper with a 0.98% expense ratio, compared with 1.01% for DUSL.

Which ETF pays a higher dividend yield, WANT or DUSL?

DUSL has the higher dividend yield at 8.54%, compared with 0.63% for WANT.

What is the main difference between WANT and DUSL?

WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while DUSL tracks Industrials Select Sector Index (300%). Their fees differ too: 0.98% for WANT and 1.01% for DUSL.

Which has better risk-adjusted returns?

DUSL currently has the higher Sharpe Ratio (1.23 vs 0.15), 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.