- ISIN
- US25459W7552
- CUSIP
- 25459W755
- Issuer
- Direxion
- Inception Date
- Jul 16, 2009
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 3x
- Index Tracked
- MSCI US REIT Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $46M
Share Price Chart
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Performance
DRN Performance Chart
Direxion Daily Real Estate Bull 3x Shares (DRN) is up 19.5% since the beginning of the year. DRN is currently trading at $10 per share. Investors who bought $1,000 worth of DRN shares 5 years ago would now be looking at an investment worth $541.
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Returns By Period
Direxion Daily Real Estate Bull 3x Shares (DRN) has returned 19.48% so far this year and 7.81% over the past 12 months. Over the last ten years, DRN has returned -5.09% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Direxion Daily Real Estate Bull 3x Shares
- 1D
- 0.10%
- 1M
- -4.89%
- YTD
- 19.48%
- 6M
- 15.83%
- 1Y
- 7.81%
- 3Y*
- 7.35%
- 5Y*
- -11.56%
- 10Y*
- -5.09%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
DRN Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2009, DRN's average daily return is +0.13%, while the average monthly return is +2.30%. At this rate, an investment would double in approximately 2.5 years.
Historically, 58% of months were positive and 42% were negative. The best month was Oct 2011 with a return of +42.2%, while the worst month was Mar 2020 at -64.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DRN closed higher 53% of trading days. The best single day was Aug 9, 2011 with a return of +28.9%, while the worst single day was Mar 16, 2020 at -39.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.57% | 17.07% | -18.72% | 26.78% | -3.67% | -3.53% | 19.48% | ||||||
| 2025 | 3.46% | 11.98% | -8.92% | -7.46% | 1.36% | -0.61% | -1.57% | 5.00% | -0.28% | -9.91% | 4.31% | -6.84% | -11.24% |
| 2024 | -15.16% | 5.88% | 4.23% | -25.25% | 13.92% | 5.06% | 21.07% | 16.18% | 8.73% | -10.70% | 10.80% | -25.29% | -5.29% |
| 2023 | 29.90% | -18.07% | -7.38% | 1.57% | -14.32% | 15.46% | 2.94% | -10.50% | -21.37% | -10.80% | 39.12% | 25.81% | 12.03% |
| 2022 | -23.73% | -11.89% | 24.01% | -11.93% | -16.88% | -21.55% | 26.45% | -17.03% | -36.55% | 3.25% | 17.65% | -15.39% | -67.26% |
| 2021 | -1.03% | 10.00% | 15.52% | 24.81% | 1.42% | 7.32% | 13.23% | 6.13% | -16.66% | 22.05% | -7.07% | 30.33% | 152.94% |
Benchmark Metrics
Direxion Daily Real Estate Bull 3x Shares has an annualized alpha of -4.16%, beta of 2.60, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since July 17, 2009.
- This ETF captured 304.56% of S&P 500 Index gains and 222.71% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -4.16% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.60 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -4.16%
- Beta
- 2.60
- R²
- 0.52
- Upside Capture
- 304.56%
- Downside Capture
- 222.71%
Expense Ratio
DRN has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DRN ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and compare them to S&P 500 Index.
| DRN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.93 | -2.60 |
| Martin ratioReturn relative to average drawdown | 0.72 | 13.52 | -12.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Direxion Daily Real Estate Bull 3x Shares provided a 2.23% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.24 | $0.22 | $0.30 | $0.26 | $1.28 | $0.24 | $0.76 | $0.52 | $0.21 |
Dividend yield | 2.23% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily Real Estate Bull 3x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.24 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.01 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $1.13 | $1.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily Real Estate Bull 3x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily Real Estate Bull 3x Shares was 86.32%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Direxion Daily Real Estate Bull 3x Shares drawdown is 65.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -86.32%Mar 2020 | 1mo 4d | — | 6y 3moFeb 2020 - now |
2011 bear market2011 | -60.01%Oct 2011 | 2mo 10d | 9mo 18d | 11mo 28dJul 2011 - Jul 2012 |
2018 bear market2018 | -49.17%Feb 2018 | 1y 6mo | 1y 4mo | 2y 10moAug 2016 - Jun 2019 |
2010 bear market2010 | -48.20%Jul 2010 | 2mo 7d | 4mo 1d | 6mo 8dApr 2010 - Nov 2010 |
2016 bear market2016 | -48.13%Feb 2016 | 1y 15d | 4mo 20d | 1y 5moJan 2015 - Jun 2016 |
Drawdown Indicators
| DRN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -56.78% | -29.54% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -9.10% | -15.18% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -18.90% | -29.36% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | -25.43% | -55.15% |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | -33.92% | -52.40% |
Current DrawdownCurrent decline from peak | -65.93% | -0.74% | -65.19% |
Average DrawdownAverage peak-to-trough decline | -35.07% | -10.72% | -24.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 1.97% | +8.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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