{"url":"https://etfiq.com/compare/leverage/sdp-vs-utsl","section":"compare","title":"SDP vs UTSL: which held to its multiple? | ETFIQ","description":"SDP sets out to return -2 times XLU each day and UTSL +3 times. Over the three months to Sep 30, 2026 they finished +5.1 pts and +0.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SDP or UTSL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SDP finished 5.1 points from what its multiple implies and UTSL finished 0.8 points from its own, so UTSL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SDP and UTSL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on utilities, SDP at -2 times and UTSL at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SDP or UTSL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SDP\u2019s moved at 14% annualized and UTSL\u2019s at 14%, so SDP has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SDP or UTSL for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SDP or UTSL?","acceptedAnswer":{"@type":"Answer","text":"SDP charges 0.95% a year and UTSL charges 0.97%, so SDP is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SDP vs UTSL","item":"https://etfiq.com/compare/leverage/sdp-vs-utsl"}]},{"@type":"WebPage","name":"SDP vs UTSL: which held to its multiple?","description":"SDP sets out to return -2 times XLU each day and UTSL +3 times. Over the three months to Sep 30, 2026 they finished +5.1 pts and +0.8 pts away.","url":"https://etfiq.com/compare/leverage/sdp-vs-utsl","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SDP finished 2.6 points over and UTSL 1.8 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SDP and UTSL","description":"SDP sets out to return -2 times XLU each day and UTSL +3 times. Over the three months to Sep 30, 2026 they finished +5.1 pts and +0.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/sdp-vs-utsl","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7037,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SDP vs UTSL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SDP vs UTSL: which held to its multiple?\n\n Over three months against its own daily promise, SDP finished 2.6 points over and UTSL 1.8 points short.\n Copy this for sharing \n \n ProShares UltraShort Utilities and Direxion Daily Utilities Bull 3X ETF.\n\n Download as PDF \n\n +27.6% SDP returned, 3 months \n \u221233.0% UTSL returned, 3 months \n +5.1 pts SDP from its stated multiple \n +0.8 pts UTSL from its stated multiple \n\n ETFIQ Decay Resistance Score: UTSL scores higher\n Did it kee","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/sdp-vs-utsl","a":{"ticker":"SDP","name":"ProShares UltraShort Utilities","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SDP returned +27.6% where its own daily promise gave +24.9%, 2.6 points over.","url":"https://etfiq.com/funds/sdp","key_facts":[{"label":"What XLU did","value":"\u221211.3%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+24.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+27.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"UTSL","name":"Direxion Daily Utilities Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UTSL returned \u221233.0% where its own daily promise gave \u221231.2%, 1.8 points short.","url":"https://etfiq.com/funds/utsl","key_facts":[{"label":"What XLU did","value":"\u221211.3%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221231.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221233.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$55m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/sdp-vs-utsl"}