WANT vs. UVIX
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and UVIX (Volatility Shares 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 – Benchmark TR Gross (200%). Both are passively managed. Over the past 3 years, WANT returned 19.16%/yr vs -82.43%/yr for UVIX. At a correlation of -0.64, they often move in opposite directions. 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 -14.08% return, which is significantly higher than UVIX's -31.87% return.
WANT
- 1D
- -2.18%
- 1M
- -3.95%
- YTD
- -14.08%
- 6M
- -14.66%
- 1Y
- 6.37%
- 3Y*
- 19.16%
- 5Y*
- -5.36%
- 10Y*
- —
UVIX
- 1D
- -0.26%
- 1M
- -29.01%
- YTD
- -31.87%
- 6M
- -51.86%
- 1Y
- -85.80%
- 3Y*
- -82.43%
- 5Y*
- —
- 10Y*
- —
WANT vs. UVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -14.08% | -6.94% | 60.52% | 114.43% | -76.54% |
UVIX Volatility Shares 2x Long VIX Futures ETF | -31.87% | -83.21% | -75.24% | -95.28% | -62.08% |
Correlation
The correlation between WANT and UVIX is -0.63, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022 | -0.64 |
The correlation between WANT and UVIX has been stable across timeframes, ranging from -0.65 to -0.63 - 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 Volatility Shares 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.
| WANT | UVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.81 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | -0.98 | +1.14 |
| Martin ratioReturn relative to average drawdown | 0.42 | -1.26 | +1.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WANT | UVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.77 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.62 | +0.73 |
Drawdowns
WANT vs. UVIX - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, smaller than the maximum UVIX drawdown of -99.97%. 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% | -99.97% | +14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -87.35% | +46.08% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -99.44% | +35.91% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | — | — |
Current DrawdownCurrent decline from peak | -58.58% | -99.97% | +41.39% |
Average DrawdownAverage peak-to-trough decline | -43.07% | -88.52% | +45.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.11% | 67.78% | -52.67% |
Volatility
WANT vs. UVIX - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Volatility Shares 2x Long VIX Futures ETF (UVIX) have volatilities of 15.45% and 15.41%, 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.
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Volatility by Period
| WANT | UVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.45% | 15.41% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 38.86% | 82.35% | -43.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.92% | 111.51% | -57.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.65% | 136.15% | -65.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.50% | 136.15% | -64.65% |
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 0.62%, while UVIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
UVIX Volatility Shares 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 | 0.62% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
Frequently Asked Questions
WANT and UVIX have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (15.45%) compared to UVIX (15.41%). In terms of maximum drawdown, WANT dropped -85.89% vs UVIX's -99.97%.
On 3-year performance, WANT leads with 19.16% vs -82.43% for UVIX. On fees, WANT is cheaper at 0.98% per year. Their volatility is very similar. 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 19.16% return vs -82.43%. 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 0.62%, 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 – Benchmark TR Gross (200%). 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 (0.12 vs -0.77), 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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