Direxion Daily Utilities Bull 3X Shares (UTSL) Performance
UTSL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.1% since Dec 31, 2025
- 1 year
- −23.6% total return
- 5 years
- +4.0% a year
- Since first price
- +6.4% a year since 2017
UTSL trailing returns vs SPY, QQQ, AGG
| Period | UTSL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +20.6% | +20.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −23.4% | −24.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −25.2% | −26.3% | +7.8% | +8.4% | −1.5% |
| YTD | −9.1% | −11.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −23.6% | −25.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +138.0%+33.5%/yr | +122.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +21.8%+4.0%/yr | +9.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 3, 2017 | +79.6%+6.4%/yr | +45.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: UTSL vs SPY
From May 3, 2017: UTSL grew to $17,959, SPY to $36,936.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UTSL returns by calendar year
4 of 8 full years positive. Best 2019 (+81.1%), worst 2020 (−38.6%). 2026 is year to date.
UTSL annual returns table
| Year | UTSL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.1% | −46.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +29.0% | −26.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +54.2% | −27.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −35.6% | −56.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.1% | −52.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +48.2% | −25.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −38.6% | −79.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +81.1% | −16.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.3% | −24.8% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
UTSL largest drawdowns
Now 33.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −79.5% | Mar 23, 2020 | Feb 24, 2026 | 34 days | 6.0 years |
| Feb 27, 2026 | −46.7% | Sep 28, 2026 | not yet | 7 months | 8 months so far |
| Nov 14, 2017 | −41.0% | Feb 8, 2018 | Mar 8, 2019 | 3 months | 1.3 years |
| Sep 26, 2019 | −16.8% | Nov 11, 2019 | Jan 15, 2020 | 46 days | 4 months |
| Jun 19, 2017 | −15.1% | Jul 11, 2017 | Aug 15, 2017 | 22 days | 57 days |
| Mar 26, 2019 | −11.0% | May 9, 2019 | May 22, 2019 | 44 days | 57 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UTSL risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +20.4% | +2.6% | +2.8% |
| Volatility (annualized) | 45.4% | 50.1% | 48.2% |
| Sharpe ratio | 0.54 | 0.22 | 0.26 |
| Sortino ratio | 0.87 | 0.34 | 0.37 |
| Best month | +31.9% | +33.0% | +33.7% |
| Worst month | −23.3% | −31.9% | −45.3% |
| Best 12 months | +130.4% | +130.4% | +130.4% |
| Worst 12 months | −32.3% | −47.3% | −51.3% |
| Positive months | 61% | 57% | 58% |
| Beta vs S&P 500 | 0.98 | 1.64 | — |
| Correlation with S&P 500 | 0.27 | 0.51 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
UTSL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 102 | −51.3% | +19.8% | +130.4% | 60% |
| 3-year (a year) | 78 | −15.7% | +3.1% | +31.8% | 65% |
| 5-year (a year) | 54 | −7.6% | +3.8% | +22.9% | 67% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
UTSL performance overview
Direxion Daily Utilities Bull 3X Shares (UTSL) returned −23.6% over the past year and +4.0% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +6.4% a year, turning $10,000 into about $17,959. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −79.5%, from Feb 18, 2020 to Mar 23, 2020, and it took 5.9 years to get back to the old high. UTSL finished 4 of its 8 full calendar years with a gain; the best year was 2019 (+81.1%) and the worst 2020 (−38.6%). Volatility has been 48.2% a year.
Related: UTSL chart, UTSL dividends. See the UTSL overview for the latest quote and fund facts.
UTSL performance FAQ
What is the UTSL return over the past year?
UTSL returned −23.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 25.5%.
What is the average annual return of UTSL?
UTSL has returned +4.0% a year over 5 years, +6.4% a year since May 3, 2017 (total return, distributions reinvested).
How much would $10,000 invested in UTSL be worth?
$10,000 invested in UTSL at its first recorded close on May 3, 2017 would be worth about $17,959 on October 23, 2026 with distributions reinvested.
What was the worst year for UTSL?
The worst calendar year was 2020, with a total return of −38.6%. The best was 2019 at +81.1%.
What is the biggest drawdown of UTSL?
The largest peak-to-trough decline was −79.5% between February 18, 2020 and March 23, 2020. It recovered to the old high on February 24, 2026, 5.9 years after the bottom.
How volatile is UTSL?
Over the past 3 years UTSL had an annualized volatility of 45.4% and a Sharpe ratio of 0.54 (excess return over 1–3 month T-bills per unit of risk).