DRN vs. ITB
Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and iShares U.S. Home Construction ETF (ITB).
DRN and ITB 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. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. Both DRN and ITB 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 ITB.
Key characteristics
| DRN | ITB | |
|---|---|---|
| YTD Return | 9.23% | 17.34% |
| 1Y Return | 72.29% | 46.85% |
| 3Y Return (Ann) | -22.15% | 17.79% |
| 5Y Return (Ann) | -13.48% | 22.89% |
| 10Y Return (Ann) | -2.18% | 17.75% |
| Sharpe Ratio | 1.32 | 1.83 |
| Sortino Ratio | 1.93 | 2.57 |
| Omega Ratio | 1.24 | 1.31 |
| Calmar Ratio | 0.85 | 3.10 |
| Martin Ratio | 4.52 | 8.19 |
| Ulcer Index | 14.96% | 5.95% |
| Daily Std Dev | 51.01% | 26.64% |
| Max Drawdown | -86.32% | -86.53% |
| Current Drawdown | -62.95% | -7.99% |
Correlation
The correlation between DRN and ITB is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DRN vs. ITB - Performance Comparison
In the year-to-date period, DRN achieves a 9.23% return, which is significantly lower than ITB's 17.34% return. Over the past 10 years, DRN has underperformed ITB with an annualized return of -2.18%, while ITB has yielded a comparatively higher 17.75% 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. ITB - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than ITB's 0.42% expense ratio.
Risk-Adjusted Performance
DRN vs. ITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and iShares U.S. Home Construction ETF (ITB). 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. ITB - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 2.17%, more than ITB's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 2.17% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
ITB iShares U.S. Home Construction ETF | 0.38% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
Drawdowns
DRN vs. ITB - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, roughly equal to the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for DRN and ITB. For additional features, visit the drawdowns tool.
Volatility
DRN vs. ITB - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 16.36% compared to iShares U.S. Home Construction ETF (ITB) at 7.88%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.