Direxion Daily Utilities Bull 3X ETF

Frequently Asked Questions About UTSL

What does UTSL invest in?

The Direxion Daily Utilities Bull 3X ETF is designed to provide daily returns that are three times (300%) the performance of the Utilities Select Sector Index, calculated before any fees or expenses. However, there is no assurance that the fund will successfully meet this stated objective.

What is the expense ratio of UTSL?

Direxion Daily Utilities Bull 3X ETF (UTSL) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.

Is UTSL a good long-term hold?

UTSL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does UTSL's daily reset work?

UTSL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is UTSL?

Direxion Daily Utilities Bull 3X ETF (UTSL) manages $44.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is UTSL actively managed or an index fund?

UTSL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.