DPST vs. KRE

Last updated Jun 23, 2026

DPST (Direxion Daily Regional Banks Bull 3X Shares) and KRE (SPDR S&P Regional Banking ETF) are both exchange-traded funds - DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%), while KRE is a Financials Equities fund tracking the S&P Regional Banks Select Industry Index. Both are passively managed. Over the past 10 years, DPST returned -11.53%/yr vs 9.42%/yr for KRE. With a 0.97 correlation, they move nearly in lockstep. DPST charges 0.99%/yr vs 0.35%/yr for KRE.

Performance

DPST vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Regional Banks Bull 3X Shares (DPST) and SPDR S&P Regional Banking ETF (KRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPST achieves a 25.97% return, which is significantly higher than KRE's 12.38% return. Over the past 10 years, DPST has underperformed KRE with an annualized return of -11.53%, while KRE has yielded a comparatively higher 9.42% annualized return.

DPST

• 1D: 3.07%
• 1M: 11.97%
• YTD: 25.97%
• 6M: 13.08%
• 1Y: 71.11%
• 3Y*: 39.46%
• 5Y*: -20.47%
• 10Y*: -11.53%

KRE

• 1D: 0.96%
• 1M: 4.38%
• YTD: 12.38%
• 6M: 8.46%
• 1Y: 30.35%
• 3Y*: 25.54%
• 5Y*: 4.62%
• 10Y*: 9.42%

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

DPST vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPST Direxion Daily Regional Banks Bull 3X Shares	25.97%	-5.90%	15.48%	-55.79%	-54.10%	108.31%	-76.53%	70.65%	-56.75%	7.28%
KRE SPDR S&P Regional Banking ETF	12.38%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Correlation

The correlation between DPST and KRE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.97

The correlation between DPST and KRE has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

DPST vs. KRE - Sectors Allocation Comparison

Sectors	DPST	KRE
Financial Services	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

DPST vs. KRE — Risk / Return Rank

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

DPST

DPST Risk / Return Rank: 32
DPST Sharpe Ratio Rank: 30
DPST Sortino Ratio Rank: 32
DPST Omega Ratio Rank: 33
DPST Calmar Ratio Rank: 36
DPST Martin Ratio Rank: 29

KRE

KRE Risk / Return Rank: 38
KRE Sharpe Ratio Rank: 38
KRE Sortino Ratio Rank: 37
KRE Omega Ratio Rank: 38
KRE Calmar Ratio Rank: 42
KRE Martin Ratio Rank: 36

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.

DPST vs. KRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) and SPDR S&P Regional Banking ETF (KRE). 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.

	DPST	KRE	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.31	-0.28
Sortino ratio: Return per unit of downside risk	1.65	1.86	-0.20
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.03
Calmar ratio: Return relative to maximum drawdown	1.77	2.04	-0.27
Martin ratio: Return relative to average drawdown	3.92	5.29	-1.38

DPST vs. KRE - Sharpe Ratio Comparison

The current DPST Sharpe Ratio is 1.03, which is comparable to the KRE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of DPST and KRE, 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

DPST vs. KRE - Drawdown Comparison

The maximum DPST drawdown since its inception was -97.73%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for DPST and KRE.

Drawdown Indicators

	DPST	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-68.54%	-29.19%
Max Drawdown (1Y) Largest decline over 1 year	-40.44%	-14.95%	-25.49%
Max Drawdown (3Y) Largest decline over 3 years	-68.38%	-28.20%	-40.18%
Max Drawdown (5Y) Largest decline over 5 years	-93.99%	-52.69%	-41.30%
Max Drawdown (10Y) Largest decline over 10 years	-97.73%	-54.92%	-42.81%
Current Drawdown Current decline from peak	-92.29%	-1.36%	-90.93%
Average Drawdown Average peak-to-trough decline	-64.24%	-21.85%	-42.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.21%	5.75%	+12.46%

Volatility

DPST vs. KRE - Volatility Comparison

Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 18.44% compared to SPDR S&P Regional Banking ETF (KRE) at 6.20%. This indicates that DPST's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPST	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.44%	6.20%	+12.24%
Volatility (6M) Calculated over the trailing 6-month period	47.98%	15.98%	+32.00%
Volatility (1Y) Calculated over the trailing 1-year period	69.35%	23.33%	+46.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.96%	29.84%	+59.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.55%	31.93%	+62.62%

DPST vs. KRE - Expense Ratio Comparison

DPST has a 0.99% expense ratio, which is higher than KRE's 0.35% expense ratio.

Dividends

DPST vs. KRE - Dividend Comparison

DPST's dividend yield for the trailing twelve months is around 1.68%, less than KRE's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPST Direxion Daily Regional Banks Bull 3X Shares	1.68%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%	0.00%	0.00%
KRE SPDR S&P Regional Banking ETF	2.76%	2.45%	2.59%	2.99%	2.51%	1.97%	2.78%	2.21%	2.48%	1.40%	1.40%	1.80%

Frequently Asked Questions

Can I hold both DPST and KRE in my portfolio?

With a correlation of 1.00, DPST and KRE 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, DPST or KRE?

DPST has higher volatility (18.44%) compared to KRE (6.20%). In terms of maximum drawdown, DPST dropped -97.73% vs KRE's -68.54%.

Which ETF is better, DPST or KRE?

On 10-year performance, KRE leads with 9.42% vs -11.53% for DPST. On fees, KRE is cheaper at 0.35% per year. On volatility, KRE has been the lower-risk option at 6.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DPST or KRE?

Over the 10-year period, KRE has performed better with a 9.42% return vs -11.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DPST or KRE?

KRE is cheaper with a 0.35% expense ratio, compared with 0.99% for DPST.

Which ETF pays a higher dividend yield, DPST or KRE?

KRE has the higher dividend yield at 2.76%, compared with 1.68% for DPST.

What is the main difference between DPST and KRE?

DPST is categorized as Leveraged Equities, while KRE is Financials Equities. DPST tracks Solactive US Regional Banks Total Return Index (300%), while KRE tracks S&P Regional Banks Select Industry Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 0.99% for DPST and 0.35% for KRE.

Which has better risk-adjusted returns?

KRE currently has the higher Sharpe Ratio (1.31 vs 1.03), 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.