BBRE vs. DRN

Last updated Jun 4, 2026

BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds - BBRE tracks the MSCI US REIT Index while DRN tracks the MSCI US REIT Index (300%). Both are passively managed. Over the past 5 years, BBRE returned 4.42%/yr vs -11.56%/yr for DRN. Their correlation of 0.95 suggests significant overlap in exposure. BBRE charges 0.11%/yr vs 0.99%/yr for DRN.

Performance

BBRE vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Direxion Daily Real Estate Bull 3x Shares (DRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBRE achieves a 11.77% return, which is significantly lower than DRN's 19.48% return.

BBRE

• 1D: 0.16%
• 1M: -0.16%
• YTD: 11.77%
• 6M: 10.56%
• 1Y: 14.11%
• 3Y*: 10.99%
• 5Y*: 4.42%
• 10Y*: —

DRN

• 1D: 0.10%
• 1M: -4.89%
• YTD: 19.48%
• 6M: 15.83%
• 1Y: 7.81%
• 3Y*: 7.35%
• 5Y*: -11.56%
• 10Y*: -5.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBRE vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	11.77%	2.09%	8.24%	13.85%	-24.68%	42.99%	-7.55%	26.06%	-2.60%
DRN Direxion Daily Real Estate Bull 3x Shares	19.48%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-14.95%

Correlation

The correlation between BBRE and DRN is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.95

The correlation between BBRE and DRN has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

BBRE vs. DRN - Sectors Allocation Comparison

Sectors	BBRE	DRN
Real Estate	98.9%	19.6%
Financial Services	0.1%	-
Basic Materials	-	0.4%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BBRE vs. DRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBRE

BBRE Risk / Return Rank: 31
BBRE Sharpe Ratio Rank: 29
BBRE Sortino Ratio Rank: 27
BBRE Omega Ratio Rank: 27
BBRE Calmar Ratio Rank: 35
BBRE Martin Ratio Rank: 35

DRN

DRN Risk / Return Rank: 12
DRN Sharpe Ratio Rank: 11
DRN Sortino Ratio Rank: 12
DRN Omega Ratio Rank: 13
DRN Calmar Ratio Rank: 12
DRN Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBRE vs. DRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Direxion Daily Real Estate Bull 3x Shares (DRN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBRE	DRN	Difference
Sharpe ratio Return per unit of total volatility	1.06	0.20	+0.86
Sortino ratio Return per unit of downside risk	1.50	0.53	+0.96
Omega ratio Gain probability vs. loss probability	1.19	1.07	+0.12
Calmar ratio Return relative to maximum drawdown	1.76	0.32	+1.43
Martin ratio Return relative to average drawdown	5.54	0.72	+4.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBRE vs. DRN - Sharpe Ratio Comparison

The current BBRE Sharpe Ratio is 1.06, which is higher than the DRN Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of BBRE and DRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBRE	DRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.20	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	-0.20	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.21	+0.10

Drawdowns

BBRE vs. DRN - Drawdown Comparison

The maximum BBRE drawdown since its inception was -43.61%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for BBRE and DRN.

Drawdown Indicators

	BBRE	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-86.32%	+42.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-24.28%	+16.21%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-48.26%	+29.34%
Max Drawdown (5Y) Largest decline over 5 years	-31.15%	-80.58%	+49.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.32%	—
Current Drawdown Current decline from peak	-3.12%	-65.93%	+62.81%
Average Drawdown Average peak-to-trough decline	-10.53%	-35.07%	+24.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	10.91%	-8.36%

Volatility

BBRE vs. DRN - Volatility Comparison

The current volatility for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) is 3.99%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 11.13%. This indicates that BBRE experiences smaller price fluctuations and is considered to be less risky than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBRE	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	11.13%	-7.14%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	28.89%	-19.42%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	40.04%	-26.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	56.65%	-37.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	60.61%	-38.05%

BBRE vs. DRN - Expense Ratio Comparison

BBRE has a 0.11% expense ratio, which is lower than DRN's 0.99% expense ratio.

Dividends

BBRE vs. DRN - Dividend Comparison

BBRE's dividend yield for the trailing twelve months is around 2.81%, more than DRN's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.81%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%	0.00%
DRN Direxion Daily Real Estate Bull 3x Shares	2.23%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%

Frequently Asked Questions

Can I hold both BBRE and DRN in my portfolio?

With a correlation of 0.93, BBRE and DRN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BBRE or DRN?

DRN has higher volatility (11.13%) compared to BBRE (3.99%). In terms of maximum drawdown, BBRE dropped -43.61% vs DRN's -86.32%.

Which ETF is better, BBRE or DRN?

On 5-year performance, BBRE leads with 4.42% vs -11.56% for DRN. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBRE or DRN?

Over the 5-year period, BBRE has performed better with a 4.42% return vs -11.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBRE or DRN?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.99% for DRN.

Which ETF pays a higher dividend yield, BBRE or DRN?

BBRE has the higher dividend yield at 2.81%, compared with 2.23% for DRN.

What is the main difference between BBRE and DRN?

BBRE tracks MSCI US REIT Index, while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: JPMorgan and Direxion. Their fees differ too: 0.11% for BBRE and 0.99% for DRN.

Which has better risk-adjusted returns?

BBRE currently has the higher Sharpe Ratio (1.06 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.