WANT vs. UVIX
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and UVIX (2x Long VIX Futures ETF) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while UVIX is a Volatility fund tracking the Long VIX Futures Index (200% Daily). Both are passively managed. Over the past 3 years, WANT returned 10.00%/yr vs -81.87%/yr for UVIX. Their -0.65 correlation means they have often moved in opposite directions in the past. WANT charges 0.98%/yr vs 2.78%/yr for UVIX.
Performance
WANT vs. UVIX - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -14.35% return, which is significantly higher than UVIX's -52.21% return.
WANT
- 1D
- 5.55%
- 1M
- 0.14%
- 6M
- -18.34%
- YTD
- -14.35%
- 1Y
- 7.55%
- 3Y*
- 10.00%
- 5Y*
- -8.28%
- 10Y*
- —
- ALL TIME*
- 7.92%
UVIX
- 1D
- -2.05%
- 1M
- -11.91%
- 6M
- -48.80%
- YTD
- -52.21%
- 1Y
- -86.41%
- 3Y*
- -81.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -83.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.04M | $96.41M | $155.15M | |
| $2.02M | $1.30M | $1.32M |
WANT vs. UVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -14.35% | -6.94% | 60.52% | 114.43% | -77.52% |
UVIX 2x Long VIX Futures ETF | -52.21% | -83.21% | -75.24% | -95.28% | -61.86% |
Correlation
The correlation between WANT and UVIX is -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.65 |
The correlation between WANT and UVIX has been stable across timeframes, ranging from -0.66 to -0.65 - a consistent structural relationship.
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Return for Risk
WANT vs. UVIX — Risk / Return Rank
WANT
UVIX
WANT vs. UVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and 2x Long VIX Futures ETF (UVIX). 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 | UVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.81 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -1.02 | +1.21 |
| Martin ratioReturn relative to average drawdown | 0.40 | -1.43 | +1.84 |
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Drawdowns
WANT vs. UVIX - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, smaller than the maximum UVIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for WANT and UVIX.
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Drawdown Indicators
| WANT | UVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -99.98% | +14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -84.53% | +43.26% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -99.42% | +35.89% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | — | — |
Current DrawdownCurrent decline from peak | -58.72% | -99.98% | +41.26% |
Average DrawdownAverage peak-to-trough decline | -43.42% | -88.87% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.70% | 64.63% | -45.93% |
Volatility
WANT vs. UVIX - Volatility Comparison
The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 22.32%, while 2x Long VIX Futures ETF (UVIX) has a volatility of 28.43%. This indicates that WANT experiences smaller price fluctuations and is considered to be less risky than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WANT | UVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.32% | 28.43% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 44.85% | 85.88% | -41.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.50% | 113.77% | -56.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.48% | 135.10% | -63.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.45% | 135.10% | -63.65% |
WANT vs. UVIX - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Dividends
WANT vs. UVIX - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.52%, while UVIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UVIX 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.52% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
Frequently Asked Questions
WANT and UVIX have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVIX has higher volatility (28.43%) compared to WANT (22.32%). In terms of maximum drawdown, WANT dropped -85.89% vs UVIX's -99.98%.
On 3-year performance, WANT leads with 10.00% vs -81.87% for UVIX. On fees, WANT is cheaper at 0.98% per year. On volatility, WANT has been the lower-risk option at 22.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WANT has performed better with a 10.00% return vs -81.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WANT is cheaper with a 0.98% expense ratio, compared with 2.78% for UVIX.
WANT has the higher dividend yield at 0.52%, compared with 0.00% for UVIX.
WANT is categorized as Leveraged Equities, while UVIX is Volatility. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while UVIX tracks Long VIX Futures Index (200% Daily). They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 0.98% for WANT and 2.78% for UVIX.
WANT currently has the higher Sharpe Ratio (0.13 vs -0.76), 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.
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