Direxion Daily Correlations

UTSL Etf

USD 41.85 1.92 4.81%

The current 90-days correlation between Direxion Daily Utilities and Direxion Daily Industrials is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Direxion Daily moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Direxion Daily Utilities moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Direxion Daily Correlation With Market

Average diversification

The correlation between Direxion Daily Utilities and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Direxion Daily Utilities and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Direxion Daily Utilities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Direxion Etf

0.66	ITDD	iShares Trust	Pair Corr
0.72	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.66	VZ	Verizon Communications Aggressive Push	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Direxion Etf

0.66	NRGU	Bank Of Montreal	Pair Corr
0.4	LABU	Direxion Daily SP	Pair Corr
0.45	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	DUSL	TPOR	WANT	RETL	WEBL
DUSL		0.92	0.87	0.69	0.91	DUSL
TPOR	0.92		0.88	0.71	0.93	TPOR
WANT	0.87	0.88		0.7	0.95	WANT
RETL	0.69	0.71	0.7		0.68	RETL
WEBL	0.91	0.93	0.95	0.68		WEBL
	DUSL	TPOR	WANT	RETL	WEBL

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Direxion Daily Constituents Risk-Adjusted Indicators

There is a big difference between Direxion Etf performing well and Direxion Daily ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Direxion Daily's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DUSL	2.03	0.06	0.14	0.14	2.11	(2.41)	4.80	(3.64)	16.65
TPOR	2.70	0.09	0.12	0.14	2.96	(2.91)	5.81	(4.76)	19.85
WANT	2.64	0.34	0.19	0.23	2.56	(3.02)	5.56	(4.57)	14.23
RETL	2.76	(0.06)	0.07	0.10	2.57	(3.45)	6.90	(5.00)	13.87
WEBL	2.21	0.42	0.18	0.26	2.80	(2.46)	5.40	(4.70)	16.27

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