DRN vs. DRV
Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily Real Estate Bear 3x Shares (DRV).
DRN and DRV 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. DRV 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. Both DRN and DRV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRN or DRV.
Key characteristics
| DRN | DRV | |
|---|---|---|
| YTD Return | 14.02% | -23.98% |
| 1Y Return | 58.56% | -46.61% |
| 3Y Return (Ann) | -20.73% | -12.15% |
| 5Y Return (Ann) | -13.51% | -36.83% |
| 10Y Return (Ann) | -1.56% | -33.02% |
| Sharpe Ratio | 1.64 | -1.08 |
| Sortino Ratio | 2.22 | -1.73 |
| Omega Ratio | 1.28 | 0.80 |
| Calmar Ratio | 1.09 | -0.55 |
| Martin Ratio | 5.56 | -1.75 |
| Ulcer Index | 15.08% | 31.52% |
| Daily Std Dev | 51.18% | 51.08% |
| Max Drawdown | -86.32% | -99.99% |
| Current Drawdown | -61.33% | -99.99% |
Correlation
The correlation between DRN and DRV is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DRN vs. DRV - Performance Comparison
In the year-to-date period, DRN achieves a 14.02% return, which is significantly higher than DRV's -23.98% return. Over the past 10 years, DRN has outperformed DRV with an annualized return of -1.56%, while DRV has yielded a comparatively lower -33.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRN vs. DRV - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is lower than DRV's 1.08% expense ratio.
Risk-Adjusted Performance
DRN vs. DRV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily Real Estate Bear 3x Shares (DRV). 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.
Dividends
DRN vs. DRV - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 2.08%, less than DRV's 5.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 2.08% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% |
DRV Direxion Daily Real Estate Bear 3x Shares | 5.97% | 5.35% | 0.38% | 0.00% | 0.58% | 1.72% | 0.42% | 0.00% |
Drawdowns
DRN vs. DRV - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, smaller than the maximum DRV drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for DRN and DRV. For additional features, visit the drawdowns tool.
Volatility
DRN vs. DRV - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily Real Estate Bear 3x Shares (DRV) have volatilities of 17.32% and 16.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.