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DUSL vs UDOW

Direxion Daily Industrials Bull 3X ETF

DUSLCNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

2.3%by weight

Expense ratio

UDOW −0.03pt a year

DUSL0.97%UDOW0.94%

Avg volume · 30D

UDOW 129.8×the volume

DUSL13.3KUDOW1.72M

5Y return · a year

DUSL +2.5pt

DUSL+14.6%UDOW+12.1%

DUSL vs UDOW Performance

Nov 4, 2021 – Nov 4, 2026

+97.9%DUSL+77.0%UDOW

Nov 4, 2021 to Nov 4, 2026. DUSL +97.9%. UDOW +77.0%. Use the arrow keys to read each point.−50%0%150%Nov 2021May 2024Nov 2026
Expense ratio
DUSL 0.97%
UDOW 0.94%, better
Fund size
DUSL $40M
UDOW $914M
1Y total return
DUSL +17.0%
UDOW +30.5%, better
Yield (12M)
DUSL 9.88%, better
UDOW 0.97%
Holdings
DUSL 91
UDOW 33
Avg volume (30D)
DUSL 13.3K sh
UDOW 1.72M sh, better
NAV per share
DUSL $73.60
UDOW $71.38
52W range

ETF.net Grade

DUSL: Cost 38, Risk 73, Mission not scored, Tradability 41, Holdings not scored, Durability 33. UDOW: Cost 78, Risk 78, Mission 77, Tradability 89, Holdings 55, Durability 71.
Pillar letters and Scores for DUSL, UDOW, with each pillar’s weight
PillarDUSLUDOW
Cost30% weightD38A78Higher
Mission25% weightNot scoredA77
Risk15% weightA73A78Higher
Tradability15% weightC41A89Higher
Holdings10% weightNot scoredB55
Durability5% weightD33A71Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DUSL and UDOW are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

UDOW ranks 2nd and DUSL 15th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 2AUDOWProShares UltraPro Dow30Score 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 77
  5. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 48
  6. Rank 15CDUSLDirexion Daily Industrials Bull 3X ETFScore 46
  7. Rank 16CDRNDirexion Daily Real Estate Bull 3X ETFScore 45

Our read on each fund

ETF.net Research

DUSLCDirexion Daily Industrials Bull 3X ETF

UDOWAProShares UltraPro Dow30

In short

DUSL Triple-leveraged exposure to the least glamorous corner of the market. DUSL aims to deliver 3x the daily move of the Industrials Select Sector Index, and it resets that target every day. Running since 2017.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

Stated mandate

DUSL The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Industrials Select Sector Index.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

Why people hold it

  • DUSL One job: 300% of the Industrials Select Sector Index's daily return, before fees and expenses. Direxion has run it since 2017, so the mechanics are well seasoned.direxion.com
  • Leverage spread across roughly 80 industrial companies, so no single name runs the day, though the whole basket moves at 3x.
  • At 0.97% net of a waiver through September 1, 2027 (0.98% gross), the fee sits near the category median for 3x funds.
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

Worth knowing

  • DUSL The 3x target resets daily. Hold longer and compounding takes over: choppy stretches can leave you short of 3x the index's move over that span.
  • One of the smaller, less-traded funds in the 3x lineup, which can mean wider bid-ask spreads than the headline leveraged names.
  • Cheaper 3x options exist here: SOXL at 0.75% and TQQQ at 0.78%, each net of waivers (SOXL through September 1, 2027; TQQQ through September 30, 2027).
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full DUSL profile⁠

Full UDOW profile⁠

DUSL vs UDOW Holdings

How DUSL and UDOW differ

Overlap by weight

2.3%

Shared holdings make up 7.0% of UDOW and 2.3% of DUSL.

Level by level

  • Holdings4 in both2.3%
  • Sector9 Sectors22.6%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in DUSL and UDOW, widest gap first
SectorMore in DUSLMore in UDOWGap
IndustrialsDUSL +77.4 points
FinancialsUDOW +26.3 points
Health CareUDOW +14.0 points
TechnologyUDOW +13.0 points
Consumer DiscretionaryUDOW +9.1 points
CommunicationUDOW +5.2 points
Consumer StaplesUDOW +3.9 points
MaterialsUDOW +3.5 points
EnergyUDOW +2.4 points

Country, concentration and asset class

Country by domicile

Country weights in DUSL and UDOW, widest gap first
CountryMore in DUSLMore in UDOWGap
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • DUSL81.4%
  • UDOW69.4%

Securities held

  • DUSL85
  • UDOW32

Asset class

DUSL
Equity
UDOW
Equity

Holdings

  • Only in DUSL81
  • In both4
  • Only in UDOW28

Only in DUSL

81 securities, 23.0% of DUSL by weight

  • Goldman Finl Sq Trsry Inst 5063.20%
  • General Electric1.30%
  • Rtx Corp1.07%

Only in UDOW

28 securities, 73.7% of UDOW by weight

  • Proshares Genius Mny Mkt Etf23.82%
  • Goldman Sachs Group Inc5.49%
  • TREASURY BILL, 0%, due 2026-12-293.76%

Weight gaps

All 4 Holdings in both funds, largest gap first.

Holding weights in DUSL and UDOW, widest gap first
HoldingMore in DUSLMore in UDOWGap
Caterpillar IncCATUDOW +2.38 points
Honeywell International IncHONUDOW +1.07 points
3M CoMMMUDOW +0.79 points
Boeing Co/TheBAUDOW +0.52 points

All 85 DUSL holdings⁠All 46 UDOW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DUSL vs UDOW Cost

Overpaying DUSL vs UDOW

$494

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DUSL 0.97%

    $18,198

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • DUSL 0.97%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DUSL $18,198UDOW $17,704

Year by year

YearDUSLUDOWOverpaying
10$1,712$1,661$51
20$6,443$6,260$183
30$18,198$17,704$494

Expense ratio

  • 0.97%DUSL
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

DUSL 16th cheapest of 30 funds

DUSL vs UDOW Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
DUSL 9.88%, better
UDOW 0.97%
Payout (12M)
DUSL $7.51
UDOW $0.69
Last payment
DUSL $0.0083
UDOW $0.15
Ex-dividend
DUSL Sep 22, 2026
UDOW Sep 23, 2026
Paid on
DUSL Sep 29, 2026
UDOW Sep 29, 2026
Frequency
DUSL Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DUSLQuarterly · 36 paymentsAll DUSL payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 13, 2017 $0.09; Jun 19, 2018 $0.07; Sep 25, 2018 $0.07; Dec 27, 2018 $0.14; Mar 19, 2019 $0.09; Jun 25, 2019 $0.10; Sep 24, 2019 $0.11; Dec 23, 2019 $0.08; Mar 24, 2020 $0.06; Jun 23, 2020 $0.0042; Sep 22, 2020 $0.01; Dec 22, 2020 $0.02; Mar 23, 2021 $0.0062; Jun 22, 2021 $0.0073; Dec 21, 2021 $0.02; Mar 22, 2022 $0.0031; Jun 22, 2022 $0.02; Sep 20, 2022 $0.08; Dec 20, 2022 $0.11; Mar 21, 2023 $0.10; Jun 21, 2023 $0.15; Sep 19, 2023 $0.14; Dec 21, 2023 $0.16; Mar 19, 2024 $0.14; Jun 25, 2024 $0.11; Sep 24, 2024 $0.08; Dec 12, 2024 $3.22; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.21; Sep 23, 2025 $0.11; Dec 10, 2025 $7.27; Dec 23, 2025 $0.04; Mar 24, 2026 $0.10; Jun 23, 2026 $0.09; Sep 22, 2026 $0.0083. Use the arrow keys to read each point.$0$52017202020232026YTD
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$52017202020232026YTD

DUSL vs UDOW Risk

Fall from peak · 5 years

  • DUSL
  • UDOW
Nov 4, 2021 to Nov 4, 2026. Worst fall: DUSL −58.4% · Sep 2022. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DUSL 48.6%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
DUSL 0.93UDOW 0.95, better
Worst fallMax drawdown, 5 years
DUSL −58.4%UDOW −56.0%, better
Market sensitivityBeta, 5 years
DUSL 2.77UDOW 2.62

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