DRN vs. AVRE
Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and Avantis Real Estate ETF (AVRE).
DRN and AVRE 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. AVRE is an actively managed fund by Avantis. It was launched on Sep 29, 2021.
Performance
DRN vs. AVRE - Performance Comparison
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DRN vs. AVRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.41% | -11.24% | -5.29% | 12.03% | -67.26% | 47.83% |
AVRE Avantis Real Estate ETF | 1.21% | 8.34% | 0.54% | 9.10% | -23.70% | 13.16% |
Returns By Period
In the year-to-date period, DRN achieves a 1.41% return, which is significantly higher than AVRE's 1.21% return.
DRN
- 1D
- 4.63%
- 1M
- -18.72%
- YTD
- 1.41%
- 6M
- -11.22%
- 1Y
- -14.69%
- 3Y*
- -1.05%
- 5Y*
- -9.75%
- 10Y*
- -6.51%
AVRE
- 1D
- 1.87%
- 1M
- -7.36%
- YTD
- 1.21%
- 6M
- 0.30%
- 1Y
- 6.20%
- 3Y*
- 5.83%
- 5Y*
- —
- 10Y*
- —
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DRN vs. AVRE - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than AVRE's 0.17% expense ratio.
Return for Risk
DRN vs. AVRE — Risk / Return Rank
DRN
AVRE
DRN vs. AVRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Avantis Real Estate ETF (AVRE). 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.
| DRN | AVRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 0.43 | -0.74 |
Sortino ratioReturn per unit of downside risk | -0.11 | 0.69 | -0.80 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.09 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.63 | -1.00 |
Martin ratioReturn relative to average drawdown | -1.00 | 2.44 | -3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRN | AVRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 0.43 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.05 | +0.14 |
Correlation
The correlation between DRN and AVRE is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DRN vs. AVRE - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 2.62%, less than AVRE's 3.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 2.62% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
AVRE Avantis Real Estate ETF | 3.72% | 4.30% | 3.99% | 3.33% | 3.78% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRN vs. AVRE - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, which is greater than AVRE's maximum drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for DRN and AVRE.
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Drawdown Indicators
| DRN | AVRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -32.52% | -53.80% |
Max Drawdown (1Y)Largest decline over 1 year | -32.57% | -10.63% | -21.94% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | — | — |
Current DrawdownCurrent decline from peak | -71.08% | -8.22% | -62.86% |
Average DrawdownAverage peak-to-trough decline | -34.76% | -15.26% | -19.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 2.73% | +9.47% |
Volatility
DRN vs. AVRE - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 13.86% compared to Avantis Real Estate ETF (AVRE) at 4.76%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than AVRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRN | AVRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.86% | 4.76% | +9.10% |
Volatility (6M)Calculated over the trailing 6-month period | 28.60% | 8.45% | +20.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.60% | 14.38% | +34.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.67% | 16.71% | +39.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 16.71% | +43.91% |