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UDOW vs UTSL

ProShares UltraPro Dow30

UDOWANYSE Arca

Direxion Daily Utilities Bull 3X ETF

UTSLCNYSE Arca

Overlap

Expense ratio

UDOW −0.03pt a year

UDOW0.94%UTSL0.97%

Avg volume · 30D

UDOW 9.0×the volume

UDOW1.72MUTSL191K

5Y return · a year

UDOW +5.1pt

UDOW+10.7%UTSL+5.6%

UDOW vs UTSL Performance

Oct 29, 2021 – Oct 30, 2026

+66.5%UDOW+31.3%UTSL

Oct 29, 2021 to Oct 30, 2026. UDOW +66.5%. UTSL +31.3%. Use the arrow keys to read each point.−50%−25%0%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
UDOW 0.94%, better
UTSL 0.97%
Fund size
UDOW $841M
UTSL $69M
1Y total return
UDOW +16.0%, better
UTSL −15.6%
Yield (12M)
UDOW 1.06%
UTSL 2.41%, better
Holdings
UDOW 33
UTSL 39
Avg volume (30D)
UDOW 1.72M sh, better
UTSL 191K sh
NAV per share
UDOW $65.43
UTSL $37.49
52W range

ETF.net Grade

UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71. UTSL: Cost 38, Risk 53, Mission not scored, Tradability 60, Holdings not scored, Durability 37.
Pillar letters and Scores for UDOW, UTSL, with each pillar’s weight
PillarUDOWUTSL
Cost30% weightA78HigherD38
Mission25% weightA77Not scored
Risk15% weightA85HigherC53
Tradability15% weightA89HigherB60
Holdings10% weightB56Not scored
Durability5% weightA71HigherD37

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. UDOW 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 ›

UDOW ranks 2nd 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 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 47
  5. Rank 15CUTSLDirexion Daily Utilities Bull 3X ETFScore 46
  6. Rank 16CDUSLDirexion Daily Industrials Bull 3X ETFScore 45

Our read on each fund

ETF.net Research

UDOWAProShares UltraPro Dow30

UTSLCDirexion Daily Utilities Bull 3X ETF

In short

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.

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

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.

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

  • 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.
  • 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

  • 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
  • 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 UDOW profile⁠

Full UTSL profile⁠

UDOW 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.

UDOW vs UTSL Cost

Overpaying UTSL vs UDOW

$494

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

  • UDOW 0.94%

    $17,704

  • UTSL 0.97%

    $18,198

$10,000
30 years

Cost over time

  • UDOW 0.94%
  • 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 $18,198UDOW $17,704

Year by year

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

Expense ratio

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

UDOW 7th cheapest of 30 funds

UTSL 16th cheapest of 30 funds

UDOW vs UTSL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UDOW 1.06%
UTSL 2.41%, better
Payout (12M)
UDOW $0.69
UTSL $0.92
Last payment
UDOW $0.15
UTSL $0.40
Ex-dividend
UDOW Sep 23, 2026
UTSL Sep 22, 2026
Paid on
UDOW Sep 29, 2026
UTSL Sep 29, 2026
Frequency
UDOW Quarterly
UTSL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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$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

UDOW vs UTSL Risk

Fall from peak · 5 years

  • UDOW
  • UTSL
Oct 29, 2021 to Oct 30, 2026. Worst fall: UTSL −68.0% · Oct 2023. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UDOW 37.2%, betterUTSL 48.3%
Return per unit of riskSharpe ratio, 3 years
UDOW 0.95, betterUTSL 0.71
Worst fallMax drawdown, 5 years
UDOW −56.0%, betterUTSL −68.0%
Market sensitivityBeta, 5 years
UDOW 2.62UTSL 1.20

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