DRN vs. BLDG
DRN (Direxion Daily Real Estate Bull 3x Shares) and BLDG (Cambria Global Real Estate ETF) are both REIT funds. DRN is passively managed, while BLDG is actively managed. Over the past 5 years, DRN returned -11.80%/yr vs 3.43%/yr for BLDG. Their correlation of 0.81 means they have usually moved in the same direction. DRN charges 0.99%/yr vs 0.59%/yr for BLDG.
Performance
DRN vs. BLDG - Performance Comparison
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Returns By Period
In the year-to-date period, DRN achieves a 32.35% return, which is significantly higher than BLDG's 13.98% return.
DRN
- 1D
- -1.59%
- 1M
- 1.27%
- 6M
- 24.19%
- YTD
- 32.35%
- 1Y
- 22.62%
- 3Y*
- 7.14%
- 5Y*
- -11.80%
- 10Y*
- -6.41%
- ALL TIME*
- 14.10%
BLDG
- 1D
- -0.24%
- 1M
- 1.28%
- 6M
- 9.65%
- YTD
- 13.98%
- 1Y
- 17.84%
- 3Y*
- 9.83%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.83K | $83.90K | $581.35K | |
| $8.18M | $8.89M | $10.29M |
DRN vs. BLDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 32.35% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | 42.39% |
BLDG Cambria Global Real Estate ETF | 13.98% | 4.26% | 8.18% | 1.76% | -14.66% | 22.47% | 15.25% |
Correlation
The correlation between DRN and BLDG is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.81 |
The correlation between DRN and BLDG shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRN vs. BLDG — Risk / Return Rank
DRN
BLDG
DRN vs. BLDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Cambria Global Real Estate ETF (BLDG). 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.
| DRN | BLDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.71 | -0.83 |
| Martin ratioReturn relative to average drawdown | 2.33 | 6.03 | -3.69 |
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Drawdowns
DRN vs. BLDG - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, which is greater than BLDG's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for DRN and BLDG.
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Drawdown Indicators
| DRN | BLDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -27.25% | -59.07% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -10.08% | -14.20% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -18.57% | -29.69% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | -27.25% | -53.33% |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | — | — |
Current DrawdownCurrent decline from peak | -62.26% | -1.92% | -60.34% |
Average DrawdownAverage peak-to-trough decline | -35.32% | -8.99% | -26.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 2.85% | +6.31% |
Volatility
DRN vs. BLDG - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 13.15% compared to Cambria Global Real Estate ETF (BLDG) at 3.77%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than BLDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRN | BLDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 3.77% | +9.38% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 9.59% | +23.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.10% | 11.52% | +30.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.91% | 15.23% | +41.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.80% | 15.50% | +45.30% |
DRN vs. BLDG - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than BLDG's 0.59% expense ratio.
Dividends
DRN vs. BLDG - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.87%, less than BLDG's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BLDG Cambria Global Real Estate ETF | 5.15% | 7.46% | 7.97% | 4.99% | 3.99% | 10.40% | 0.59% | 0.00% | 0.00% | 0.00% |
DRN Direxion Daily Real Estate Bull 3x Shares | 1.87% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
Frequently Asked Questions
DRN and BLDG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (13.15%) compared to BLDG (3.77%). In terms of maximum drawdown, DRN dropped -86.32% vs BLDG's -27.25%.
On 5-year performance, BLDG leads with 3.43% vs -11.80% for DRN. On fees, BLDG is cheaper at 0.59% per year. On volatility, BLDG has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BLDG has performed better with a 3.43% return vs -11.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BLDG is cheaper with a 0.59% expense ratio, compared with 0.99% for DRN.
BLDG has the higher dividend yield at 5.15%, compared with 1.87% for DRN.
They also come from different issuers: Direxion and Cambria. Their fees differ too: 0.99% for DRN and 0.59% for BLDG.
BLDG currently has the higher Sharpe Ratio (1.50 vs 0.51), 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.
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