# UTSL (Direxion Daily Utilities Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: UTSL returned −15.5% where its own daily promise gave −13.4%, 2.1 points short.

## Key facts

- UTSL, what XLU did: −4.2%, as of Sep 11, 2026.
- UTSL, what +3 times a day gives: −13.4%, as of Sep 11, 2026.
- UTSL, what the fund returned: −15.5%, as of Sep 11, 2026.
- UTSL, the fund itself cost: −2.1 pts, as of Sep 11, 2026.
- UTSL, net assets: $43m (source, as filed for Apr 30, 2026).
- UTSL, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## UTSL over each window to Sep 11, 2026

| Window | Fund | XLU | +3x the move | Difference | XLU moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −11.0% | −3.3% | −9.9% | −1.0 pts | 13% |
| 3 months | −15.5% | −4.2% | −12.6% | −2.9 pts | 14% |
| 6 months | −30.1% | −8.5% | −25.6% | −4.5 pts | 16% |
| 1 year | −9.3% | +2.4% | +7.3% | −16.5 pts | 15% |
| 3 years | +72.7% | +46.0% | +138.0% | −65.3 pts | 16% |
| Since launch | +77.3% | +121.0% | not meaningful over this window | not meaningful over this window | 20% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of XLU, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLU moved −4.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLU | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $43m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 14% annualized | ETFIQ |

## Questions

### Did UTSL return +3 times XLU?

Over the window to Sep 11, 2026, XLU moved −4.2% and UTSL returned −15.5%. 3 times that move is −12.6%, so the fund came out 2.9 points short of it.

### Why does UTSL not return +3 times over a year?

Because it resets daily. UTSL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, UTSL, data as of Sep 11, 2026. https://etfiq.com/funds/UTSL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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