DRN vs. CHAU
Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU).
DRN and CHAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRN is a passively managed fund by Direxion that tracks the performance of the MSCI US REIT Index (300%). It was launched on Jul 16, 2009. CHAU is a passively managed fund by Direxion that tracks the performance of the CSI 300 Index (200%). It was launched on Apr 16, 2015. Both DRN and CHAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRN or CHAU.
Key characteristics
| DRN | CHAU | |
|---|---|---|
| YTD Return | 19.10% | 18.66% |
| 1Y Return | 93.56% | 12.02% |
| 3Y Return (Ann) | -19.90% | -22.98% |
| 5Y Return (Ann) | -11.94% | -5.22% |
| Sharpe Ratio | 1.65 | 0.18 |
| Sortino Ratio | 2.23 | 0.72 |
| Omega Ratio | 1.28 | 1.11 |
| Calmar Ratio | 1.07 | 0.14 |
| Martin Ratio | 5.64 | 0.62 |
| Ulcer Index | 15.00% | 17.53% |
| Daily Std Dev | 51.25% | 60.83% |
| Max Drawdown | -86.32% | -79.21% |
| Current Drawdown | -59.61% | -69.60% |
Correlation
The correlation between DRN and CHAU is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DRN vs. CHAU - Performance Comparison
The year-to-date returns for both stocks are quite close, with DRN having a 19.10% return and CHAU slightly lower at 18.66%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRN vs. CHAU - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is lower than CHAU's 1.21% expense ratio.
Risk-Adjusted Performance
DRN vs. CHAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU). 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.
Dividends
DRN vs. CHAU - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.99%, less than CHAU's 2.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.99% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% |
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 2.55% | 3.97% | 0.77% | 1.73% | 0.09% | 0.57% | 0.82% | 0.00% |
Drawdowns
DRN vs. CHAU - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, which is greater than CHAU's maximum drawdown of -79.21%. Use the drawdown chart below to compare losses from any high point for DRN and CHAU. For additional features, visit the drawdowns tool.
Volatility
DRN vs. CHAU - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 17.35%, while Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a volatility of 25.05%. This indicates that DRN experiences smaller price fluctuations and is considered to be less risky than CHAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.