DRN vs. CHAU

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU).

DRN and CHAU 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. CHAU is a passively managed fund by Direxion that tracks the performance of the CSI 300 Index (200%). It was launched on Apr 16, 2015. Both DRN and CHAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DRN vs. CHAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU). The values are adjusted to include any dividend payments, if applicable.

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	2.36%	-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	-2.48%	47.73%	6.61%	-28.25%	-49.17%	-2.84%	71.95%	70.01%	-51.03%	74.91%

Returns By Period

In the year-to-date period, DRN achieves a 2.36% return, which is significantly higher than CHAU's -2.48% return. Over the past 10 years, DRN has underperformed CHAU with an annualized return of -6.42%, while CHAU has yielded a comparatively higher 2.21% annualized return.

DRN

• 1D: 0.93%
• 1M: -18.42%
• YTD: 2.36%
• 6M: -10.39%
• 1Y: -14.15%
• 3Y*: -0.74%
• 5Y*: -9.58%
• 10Y*: -6.42%

CHAU

• 1D: 0.74%
• 1M: -8.47%
• YTD: -2.48%
• 6M: -0.27%
• 1Y: 47.33%
• 3Y*: 0.30%
• 5Y*: -10.61%
• 10Y*: 2.21%

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

DRN vs. CHAU - Expense Ratio Comparison

DRN has a 0.99% expense ratio, which is lower than CHAU's 1.21% expense ratio.

CHAU

Direxion Daily CSI 300 China A Share Bull 2x Shares

DRN

Direxion Daily Real Estate Bull 3x Shares

Return for Risk

DRN vs. CHAU — Risk / Return Rank

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

DRN

DRN Risk / Return Rank: 6
DRN Sharpe Ratio Rank: 7
DRN Sortino Ratio Rank: 8
DRN Omega Ratio Rank: 8
DRN Calmar Ratio Rank: 5
DRN Martin Ratio Rank: 3

CHAU

CHAU Risk / Return Rank: 71
CHAU Sharpe Ratio Rank: 70
CHAU Sortino Ratio Rank: 67
CHAU Omega Ratio Rank: 67
CHAU Calmar Ratio Rank: 74
CHAU Martin Ratio Rank: 75

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.

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.

	DRN	CHAU	Difference
Sharpe ratio Return per unit of total volatility	-0.29	1.29	-1.59
Sortino ratio Return per unit of downside risk	-0.10	1.76	-1.86
Omega ratio Gain probability vs. loss probability	0.99	1.26	-0.27
Calmar ratio Return relative to maximum drawdown	-0.43	2.08	-2.51
Martin ratio Return relative to average drawdown	-1.13	8.42	-9.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRN vs. CHAU - Sharpe Ratio Comparison

The current DRN Sharpe Ratio is -0.29, which is lower than the CHAU Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of DRN and CHAU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DRN	CHAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	1.29	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	-0.23	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.11	0.05	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.10	+0.30

Correlation

The correlation between DRN and CHAU is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DRN vs. CHAU - Dividend Comparison

DRN's dividend yield for the trailing twelve months is around 2.60%, more than CHAU's 2.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	2.60%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares	2.09%	1.97%	2.25%	3.97%	0.77%	1.73%	0.09%	0.58%	0.83%	0.00%

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.

Drawdown Indicators

	DRN	CHAU	Difference
Max Drawdown Largest peak-to-trough decline	-86.32%	-79.21%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-32.57%	-21.99%	-10.58%
Max Drawdown (5Y) Largest decline over 5 years	-80.58%	-74.32%	-6.26%
Max Drawdown (10Y) Largest decline over 10 years	-86.32%	-78.58%	-7.74%
Current Drawdown Current decline from peak	-70.82%	-60.65%	-10.17%
Average Drawdown Average peak-to-trough decline	-34.77%	-58.96%	+24.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.25%	5.47%	+6.78%

Volatility

DRN vs. CHAU - Volatility Comparison

Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 13.99% compared to Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) at 9.69%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than CHAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRN	CHAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.99%	9.69%	+4.30%
Volatility (6M) Calculated over the trailing 6-month period	28.59%	22.47%	+6.12%
Volatility (1Y) Calculated over the trailing 1-year period	48.51%	36.74%	+11.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.62%	46.97%	+9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.61%	47.25%	+13.36%