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TQQQ vs UTSL

ProShares UltraPro QQQ

TQQQANasdaq

Direxion Daily Utilities Bull 3X ETF

UTSLCNYSE Arca

Overlap

Expense ratio

TQQQ −0.19pt a year

TQQQ0.78%UTSL0.97%

Avg volume · 30D

TQQQ 301.0×the volume

TQQQ57.5MUTSL191K

5Y return · a year

TQQQ +4.8pt

TQQQ+10.4%UTSL+5.6%

TQQQ vs UTSL Performance

Oct 29, 2021 – Oct 30, 2026

+64.2%TQQQ+31.3%UTSL

Oct 29, 2021 to Oct 30, 2026. TQQQ +64.2%. UTSL +31.3%. Use the arrow keys to read each point.−50%0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
TQQQ 0.78%, better
UTSL 0.97%
Fund size
TQQQ $32.1B
UTSL $69M
1Y total return
TQQQ +7.1%, better
UTSL −15.6%
Yield (12M)
TQQQ 0.78%
UTSL 2.41%, better
Holdings
TQQQ 116
UTSL 39
Avg volume (30D)
TQQQ 57.5M sh, better
UTSL 191K sh
NAV per share
TQQQ $61.97
UTSL $37.49
52W range

ETF.net Grade

TQQQ: Cost 97, Risk 57, Mission 84, Tradability 97, Holdings not scored, Durability 79. UTSL: Cost 38, Risk 53, Mission not scored, Tradability 60, Holdings not scored, Durability 37.
Pillar letters and Scores for TQQQ, UTSL, with each pillar’s weight
PillarTQQQUTSL
Cost30% weightA97HigherD38
Mission25% weightA84Not scored
Risk15% weightB57HigherC53
Tradability15% weightA97HigherB60
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherD37

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. TQQQ and UTSL 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 ›

TQQQ ranks 1st and UTSL 15th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 47
  4. Rank 15CUTSLDirexion Daily Utilities Bull 3X ETFScore 46
  5. Rank 16CDUSLDirexion Daily Industrials Bull 3X ETFScore 45

Our read on each fund

ETF.net Research

TQQQAProShares UltraPro QQQ

UTSLCDirexion Daily Utilities Bull 3X ETF

In short

TQQQ The original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

UTSL Triple-leveraged exposure pointed at the market's sleepiest sector: UTSL seeks 300% of the Utilities Select Sector Index's daily move, reset every day. 0.97% net of a waiver through September 1, 2027.

Stated mandate

TQQQ The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

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

Why people hold it

  • TQQQ Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov
  • UTSL Most 3x funds point at tech, banks or broad indexes. This one aims at electric and multi-utility names, seeking 300% of the Utilities Select Sector Index's daily move.direxion.com
  • Trading since 2017, a long run for a single-sector 3x fund, built on the S&P Dow Jones utilities benchmark and its roughly 40 large power and gas names.direxion.com
  • 0.97% net of a waiver through September 1, 2027 (0.98% gross) sits near the median for 3x funds, so the niche mandate carries no surcharge.

Worth knowing

  • TQQQ The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.
  • UTSL Leverage resets daily. Over any stretch longer than a day the result depends on the path utilities take, and choppy markets can leave it short of 3x the index move.direxion.com
  • A smaller, moderately traded fund next to headline 3x names like TQQQ and SOXL, so spreads and order size deserve a look before trading.
  • Cheaper gearing exists in the same lineup: SOXL charges 0.75% net of a waiver through September 1, 2027, pointed at semiconductors rather than utilities.

Full TQQQ profile⁠

Full UTSL profile⁠

TQQQ vs UTSL 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.

TQQQ vs UTSL Cost

Overpaying UTSL vs TQQQ

$3,196

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

  • TQQQ 0.78%

    $15,002

  • UTSL 0.97%

    $18,198

$10,000
30 years

Cost over time

  • TQQQ 0.78%
  • UTSL 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UTSL $18,198TQQQ $15,002

Year by year

YearTQQQUTSLOverpaying
10$1,388$1,712$324
20$5,268$6,443$1,175
30$15,002$18,198$3,196

Expense ratio

  • 0.78%TQQQ, cheaper
  • 0.97%UTSL
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TQQQ 2nd cheapest of 30 funds

UTSL 16th cheapest of 30 funds

TQQQ vs UTSL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TQQQ 0.78%
UTSL 2.41%, better
Payout (12M)
TQQQ $0.48
UTSL $0.92
Last payment
TQQQ $0.16
UTSL $0.40
Ex-dividend
TQQQ Sep 23, 2026
UTSL Sep 22, 2026
Paid on
TQQQ Sep 29, 2026
UTSL Sep 29, 2026
Frequency
TQQQ Quarterly
UTSL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$12017202020232026YTD
UTSLQuarterly · 37 paymentsAll UTSL payments⁠
One bar per payment. 37 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.16; Mar 20, 2018 $0.11; Jun 19, 2018 $0.13; Sep 25, 2018 $0.15; Mar 19, 2019 $0.34; Jun 25, 2019 $0.18; Sep 24, 2019 $0.18; Dec 12, 2019 $1.34; Dec 23, 2019 $0.24; Mar 24, 2020 $0.15; Jun 23, 2020 $0.06; Sep 22, 2020 $0.07; Dec 22, 2020 $0.10; Mar 23, 2021 $0.09; Jun 22, 2021 $0.09; Sep 21, 2021 $0.08; Dec 9, 2021 $0.08; Dec 21, 2021 $0.13; Mar 22, 2022 $0.09; Jun 22, 2022 $0.13; Sep 20, 2022 $0.16; Dec 20, 2022 $0.02; Mar 21, 2023 $0.31; Jun 21, 2023 $0.12; Sep 19, 2023 $0.14; Dec 21, 2023 $0.19; Mar 19, 2024 $0.15; Jun 25, 2024 $0.18; Sep 24, 2024 $0.09; Dec 23, 2024 $0.10; Mar 25, 2025 $0.21; Jun 24, 2025 $0.16; Sep 23, 2025 $0.18; Dec 23, 2025 $0.14; Mar 24, 2026 $0.26; Jun 23, 2026 $0.13; Sep 22, 2026 $0.40. Use the arrow keys to read each point.$0$12017202020232026YTD

TQQQ vs UTSL Risk

Fall from peak · 5 years

  • TQQQ
  • UTSL
Oct 29, 2021 to Oct 30, 2026. Worst fall: TQQQ −81.7% · Dec 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
TQQQ 56.9%UTSL 48.3%, better
Return per unit of riskSharpe ratio, 3 years
TQQQ 0.98, betterUTSL 0.71
Worst fallMax drawdown, 5 years
TQQQ −81.7%UTSL −68.0%, better
Market sensitivityBeta, 5 years
TQQQ 3.71UTSL 1.20

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