DRN vs. CHAU
DRN (Direxion Daily Real Estate Bull 3x Shares) and CHAU (Direxion Daily CSI 300 China A Share Bull 2x Shares) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while CHAU is a China Equities fund tracking the CSI 300 Index (200%). Both are passively managed. Over the past 10 years, DRN returned -6.30%/yr vs 3.13%/yr for CHAU. At a 0.21 correlation, their price movements are largely independent. DRN charges 0.99%/yr vs 1.21%/yr for CHAU.
Performance
DRN vs. CHAU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRN achieves a 29.86% return, which is significantly higher than CHAU's 5.90% return. Over the past 10 years, DRN has underperformed CHAU with an annualized return of -6.30%, while CHAU has yielded a comparatively higher 3.13% annualized return.
DRN
- 1D
- 1.48%
- 1M
- -3.26%
- 6M
- 27.76%
- YTD
- 29.86%
- 1Y
- 16.43%
- 3Y*
- 4.43%
- 5Y*
- -11.67%
- 10Y*
- -6.30%
CHAU
- 1D
- -4.96%
- 1M
- -5.32%
- 6M
- -2.77%
- YTD
- 5.90%
- 1Y
- 46.02%
- 3Y*
- 8.70%
- 5Y*
- -9.88%
- 10Y*
- 3.13%
DRN vs. CHAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 29.86% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 5.90% | 47.73% | 6.61% | -28.25% | -49.17% | -2.84% | 71.95% | 70.01% | -51.03% | 74.91% |
Correlation
The correlation between DRN and CHAU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.21 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRN vs. CHAU — Risk / Return Rank
DRN
CHAU
DRN vs. CHAU - Risk-Adjusted Trends 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.
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 | CHAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.03 | -2.35 |
| Martin ratioReturn relative to average drawdown | 1.51 | 7.95 | -6.44 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| DRN | CHAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -79.21% | -7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -15.27% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -59.88% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | -71.97% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | -78.58% | -7.74% |
Current DrawdownCurrent decline from peak | -62.98% | -57.26% | -5.72% |
Average DrawdownAverage peak-to-trough decline | -35.23% | -58.83% | +23.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 5.81% | +5.10% |
Volatility
DRN vs. CHAU - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 15.53%, while Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a volatility of 17.36%. 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.
Loading charts...
Volatility by Period
| DRN | CHAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.53% | 17.36% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 33.02% | 28.48% | +4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.58% | 37.60% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.94% | 47.52% | +9.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.77% | 47.35% | +13.42% |
DRN vs. CHAU - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is lower than CHAU's 1.21% expense ratio.
Dividends
DRN vs. CHAU - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.90%, less than CHAU's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 2.04% | 1.97% | 2.25% | 3.97% | 0.77% | 1.73% | 0.09% | 0.58% | 0.83% | 0.00% |
DRN Direxion Daily Real Estate Bull 3x Shares | 1.90% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
Frequently Asked Questions
DRN and CHAU have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHAU has higher volatility (17.36%) compared to DRN (15.53%). In terms of maximum drawdown, DRN dropped -86.32% vs CHAU's -79.21%.
On 10-year performance, CHAU leads with 3.13% vs -6.30% for DRN. On fees, DRN is cheaper at 0.99% per year. On volatility, DRN has been the lower-risk option at 15.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CHAU has performed better with a 3.13% return vs -6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRN is cheaper with a 0.99% expense ratio, compared with 1.21% for CHAU.
CHAU has the higher dividend yield at 2.04%, compared with 1.90% for DRN.
DRN is categorized as REIT, while CHAU is China Equities. DRN tracks MSCI US REIT Index (300%), while CHAU tracks CSI 300 Index (200%). Their fees differ too: 0.99% for DRN and 1.21% for CHAU.
CHAU currently has the higher Sharpe Ratio (1.23 vs 0.39), 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.
Find the right allocation for DRN and CHAU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer