UTSL
Direxion Daily Utilities Bull 3X Shares
UTSL provides daily 3x exposure to a market-cap-weighted index of utility companies in the US.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
29.8 M
ASSETS UNDER MGMT
100 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 03, 2017 |
| Assets (mns) | $30 |
| Expense ratio | 100 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.3% | 18.3% | 35.2% | -1.9% | 11.7% | -- | -- | 5.8% |
| Dividend Yield | 0.0% | 0.3% | 2.2% | 1.7% | 1.8% | -- | -- | 2.2% |
| Total Returns | 24.3% | 18.6% | 37.4% | -0.2% | 13.5% | -- | -- | 8.0% | Ann. Volatility | 52.7% | 51.4% | 51.4% | 54.5% | 52.9% | -- | -- | 61.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.75 | 31% |
| MSCI EAFE | 1.93 | 43% |
| MSCI Emg Mkts | 1.70 | 36% |
Liquidity Measures
| Avg. volume (000) | 84 |
| ADV traded (mns) | $3 |
| Turnover | 11.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| Recent close | $39.76 |
| 30d moving avg. | $41.63 |
| Annualized volatility | 47.9% |
| Relative strength (RSI) | 51 |
| Short interest | 5.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| UTSL (100 bp) Percentile rank | 95 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| UTSL | 100.0 | 10.0 | 110 |
| Peer Avg. | 48.9 | 19.6 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .