XPP vs. UTSL
Compare and contrast key facts about ProShares Ultra FTSE China 50 (XPP) and Direxion Daily Utilities Bull 3X Shares (UTSL).
XPP and UTSL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPP is a passively managed fund by ProShares that tracks the performance of the FTSE/Xinhua China 25 Index (200%). It was launched on Jun 2, 2009. 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. Both XPP and UTSL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XPP vs. UTSL - Performance Comparison
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XPP vs. UTSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | -14.59% | 45.84% | 38.18% | -34.77% | -50.06% | -40.45% | 7.07% | 24.88% | -31.36% | 48.69% |
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% |
Returns By Period
In the year-to-date period, XPP achieves a -14.59% return, which is significantly lower than UTSL's 20.69% return.
XPP
- 1D
- 5.09%
- 1M
- -8.06%
- YTD
- -14.59%
- 6M
- -26.23%
- 1Y
- -6.76%
- 3Y*
- 2.42%
- 5Y*
- -20.09%
- 10Y*
- -4.96%
UTSL
- 1D
- -0.75%
- 1M
- -11.14%
- YTD
- 20.69%
- 6M
- 11.50%
- 1Y
- 42.18%
- 3Y*
- 21.90%
- 5Y*
- 13.39%
- 10Y*
- —
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XPP vs. UTSL - Expense Ratio Comparison
XPP has a 0.95% expense ratio, which is lower than UTSL's 0.99% expense ratio.
Return for Risk
XPP vs. UTSL — Risk / Return Rank
XPP
UTSL
XPP vs. UTSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra FTSE China 50 (XPP) and Direxion Daily Utilities Bull 3X Shares (UTSL). 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.
| XPP | UTSL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.14 | 0.90 | -1.04 |
Sortino ratioReturn per unit of downside risk | 0.13 | 1.37 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.18 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.67 | -1.88 |
Martin ratioReturn relative to average drawdown | -0.52 | 3.80 | -4.32 |
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
| XPP | UTSL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 0.90 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.26 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.17 | -0.26 |
Correlation
The correlation between XPP and UTSL is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XPP vs. UTSL - Dividend Comparison
XPP's dividend yield for the trailing twelve months is around 2.54%, more than UTSL's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPP ProShares Ultra FTSE China 50 | 2.54% | 2.32% | 2.96% | 2.87% | 0.00% | 0.00% | 0.00% | 3.81% | 1.47% | 0.00% |
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% |
Drawdowns
XPP vs. UTSL - Drawdown Comparison
The maximum XPP drawdown since its inception was -89.90%, which is greater than UTSL's maximum drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for XPP and UTSL.
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Drawdown Indicators
| XPP | UTSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.90% | -79.55% | -10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -32.37% | -27.94% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -85.54% | -68.01% | -17.53% |
Max Drawdown (10Y)Largest decline over 10 years | -89.90% | — | — |
Current DrawdownCurrent decline from peak | -77.40% | -11.14% | -66.26% |
Average DrawdownAverage peak-to-trough decline | -47.52% | -33.61% | -13.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.67% | 12.30% | +0.37% |
Volatility
XPP vs. UTSL - Volatility Comparison
The current volatility for ProShares Ultra FTSE China 50 (XPP) is 14.38%, while Direxion Daily Utilities Bull 3X Shares (UTSL) has a volatility of 15.69%. This indicates that XPP experiences smaller price fluctuations and is considered to be less risky than UTSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPP | UTSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 15.69% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 29.09% | 31.12% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.42% | 47.20% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.68% | 51.60% | +11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.98% | 59.39% | -4.41% |