CSRE vs. DRN

Last updated Jun 23, 2026

CSRE (Cohen & Steers Real Estate Active ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds. CSRE is actively managed, while DRN is passively managed. Over the past year, CSRE returned 12.27% vs 12.78% for DRN. Their correlation of 0.94 suggests significant overlap in exposure. CSRE charges 0.70%/yr vs 0.99%/yr for DRN.

Performance

CSRE vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Real Estate Active ETF (CSRE) 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, CSRE achieves a 11.91% return, which is significantly lower than DRN's 25.50% return.

CSRE

• 1D: 1.17%
• 1M: -1.28%
• YTD: 11.91%
• 6M: 12.59%
• 1Y: 12.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRN

• 1D: 3.81%
• 1M: -2.48%
• YTD: 25.50%
• 6M: 26.99%
• 1Y: 12.78%
• 3Y*: 11.24%
• 5Y*: -10.91%
• 10Y*: -4.97%

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

CSRE vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025
CSRE Cohen & Steers Real Estate Active ETF	11.91%	4.30%
DRN Direxion Daily Real Estate Bull 3x Shares	25.50%	-13.78%

Correlation

The correlation between CSRE and DRN is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.94

The correlation between CSRE and DRN has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

CSRE vs. DRN — Risk / Return Rank

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

CSRE

CSRE Risk / Return Rank: 28
CSRE Sharpe Ratio Rank: 26
CSRE Sortino Ratio Rank: 24
CSRE Omega Ratio Rank: 24
CSRE Calmar Ratio Rank: 31
CSRE Martin Ratio Rank: 33

DRN

DRN Risk / Return Rank: 14
DRN Sharpe Ratio Rank: 13
DRN Sortino Ratio Rank: 14
DRN Omega Ratio Rank: 14
DRN Calmar Ratio Rank: 14
DRN Martin Ratio Rank: 14

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.

CSRE vs. DRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Active ETF (CSRE) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CSRE	DRN	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.31	+0.60
Sortino ratio: Return per unit of downside risk	1.29	0.69	+0.61
Omega ratio: Gain probability vs. loss probability	1.16	1.09	+0.08
Calmar ratio: Return relative to maximum drawdown	1.46	0.53	+0.93
Martin ratio: Return relative to average drawdown	4.68	1.17	+3.51

CSRE vs. DRN - Sharpe Ratio Comparison

The current CSRE Sharpe Ratio is 0.91, which is higher than the DRN Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of CSRE 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.

Drawdowns

CSRE vs. DRN - Drawdown Comparison

The maximum CSRE drawdown since its inception was -13.03%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for CSRE and DRN.

Drawdown Indicators

	CSRE	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-13.03%	-86.32%	+73.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-24.28%	+15.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-48.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.32%	—
Current Drawdown Current decline from peak	-1.69%	-64.22%	+62.53%
Average Drawdown Average peak-to-trough decline	-2.25%	-35.14%	+32.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	10.95%	-8.32%

Volatility

CSRE vs. DRN - Volatility Comparison

The current volatility for Cohen & Steers Real Estate Active ETF (CSRE) is 4.88%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 15.38%. This indicates that CSRE 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

	CSRE	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	15.38%	-10.50%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	31.62%	-21.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	42.08%	-28.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	56.83%	-41.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	60.77%	-45.16%

CSRE vs. DRN - Expense Ratio Comparison

CSRE has a 0.70% expense ratio, which is lower than DRN's 0.99% expense ratio.

Dividends

CSRE vs. DRN - Dividend Comparison

CSRE's dividend yield for the trailing twelve months is around 2.25%, more than DRN's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSRE Cohen & Steers Real Estate Active ETF	2.25%	2.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DRN Direxion Daily Real Estate Bull 3x Shares	2.12%	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 CSRE and DRN in my portfolio?

With a correlation of 0.92, CSRE 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, CSRE or DRN?

DRN has higher volatility (15.38%) compared to CSRE (4.88%). In terms of maximum drawdown, CSRE dropped -13.03% vs DRN's -86.32%.

Which ETF is better, CSRE or DRN?

On 1-year performance, DRN leads with 12.78% vs 12.27% for CSRE. On fees, CSRE is cheaper at 0.70% per year. On volatility, CSRE has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSRE or DRN?

Over the 1-year period, DRN has performed better with a 12.78% return vs 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSRE or DRN?

CSRE is cheaper with a 0.70% expense ratio, compared with 0.99% for DRN.

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

CSRE has the higher dividend yield at 2.25%, compared with 2.12% for DRN.

What is the main difference between CSRE and DRN?

They also come from different issuers: Cohen & Steers and Direxion. Their fees differ too: 0.70% for CSRE and 0.99% for DRN.

Which has better risk-adjusted returns?

CSRE currently has the higher Sharpe Ratio (0.91 vs 0.31), 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.