DRN vs. SCHD

Last updated Jun 3, 2026

DRN (Direxion Daily Real Estate Bull 3x Shares) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, DRN returned -5.10%/yr vs 12.77%/yr for SCHD. A 0.62 correlation means they provide meaningful diversification when combined. DRN charges 0.99%/yr vs 0.06%/yr for SCHD.

Performance

DRN vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Real Estate Bull 3x Shares (DRN) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DRN having a 19.36% return and SCHD slightly lower at 19.01%. Over the past 10 years, DRN has underperformed SCHD with an annualized return of -5.10%, while SCHD has yielded a comparatively higher 12.77% annualized return.

DRN

• 1D: 1.30%
• 1M: -6.56%
• YTD: 19.36%
• 6M: 16.51%
• 1Y: 6.60%
• 3Y*: 7.32%
• 5Y*: -11.56%
• 10Y*: -5.10%

SCHD

• 1D: 0.59%
• 1M: 1.60%
• YTD: 19.01%
• 6M: 20.36%
• 1Y: 28.08%
• 3Y*: 15.09%
• 5Y*: 8.49%
• 10Y*: 12.77%

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

DRN vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	19.36%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	7.50%
SCHD Schwab U.S. Dividend Equity ETF	19.01%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between DRN and SCHD is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011	0.62

The correlation between DRN and SCHD shifts across timeframes, from 0.57 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

DRN vs. SCHD - Sectors Allocation Comparison

Sectors	DRN	SCHD
Real Estate	19.6%	-
Basic Materials	0.4%	1.2%
Communication Services	-	6.3%
Consumer Cyclical	-	6.3%
Consumer Defensive	-	19.2%
Energy	-	16.2%
Financial Services	-	9.3%
Healthcare	-	18.8%
Industrials	-	7.5%
Technology	-	16.4%
Utilities	-	0.0%

Return for Risk

DRN vs. SCHD — Risk / Return Rank

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

DRN

DRN Risk / Return Rank: 12
DRN Sharpe Ratio Rank: 11
DRN Sortino Ratio Rank: 12
DRN Omega Ratio Rank: 12
DRN Calmar Ratio Rank: 12
DRN Martin Ratio Rank: 12

SCHD

SCHD Risk / Return Rank: 82
SCHD Sharpe Ratio Rank: 78
SCHD Sortino Ratio Rank: 87
SCHD Omega Ratio Rank: 76
SCHD Calmar Ratio Rank: 92
SCHD Martin Ratio Rank: 77

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. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio Return per unit of total volatility	0.17	2.57	-2.41
Sortino ratio Return per unit of downside risk	0.50	3.98	-3.48
Omega ratio Gain probability vs. loss probability	1.06	1.46	-0.40
Calmar ratio Return relative to maximum drawdown	0.29	6.17	-5.88
Martin ratio Return relative to average drawdown	0.65	15.20	-14.56
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. SCHD - Sharpe Ratio Comparison

The current DRN Sharpe Ratio is 0.17, which is lower than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of DRN and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRN	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	2.57	-2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.59	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	0.77	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.86	-0.65

Drawdowns

DRN vs. SCHD - Drawdown Comparison

The maximum DRN drawdown since its inception was -86.32%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DRN and SCHD.

Drawdown Indicators

	DRN	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-86.32%	-33.37%	-52.95%
Max Drawdown (1Y) Largest decline over 1 year	-24.28%	-4.61%	-19.67%
Max Drawdown (3Y) Largest decline over 3 years	-48.26%	-16.13%	-32.13%
Max Drawdown (5Y) Largest decline over 5 years	-80.58%	-16.85%	-63.73%
Max Drawdown (10Y) Largest decline over 10 years	-86.32%	-33.37%	-52.95%
Current Drawdown Current decline from peak	-65.97%	-1.40%	-64.57%
Average Drawdown Average peak-to-trough decline	-35.06%	-3.32%	-31.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.89%	1.87%	+9.02%

Volatility

DRN vs. SCHD - Volatility Comparison

Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 11.21% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.92%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRN	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	2.92%	+8.29%
Volatility (6M) Calculated over the trailing 6-month period	29.18%	7.66%	+21.52%
Volatility (1Y) Calculated over the trailing 1-year period	40.04%	10.96%	+29.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.66%	14.38%	+42.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.62%	16.72%	+43.90%

DRN vs. SCHD - Expense Ratio Comparison

DRN has a 0.99% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

DRN vs. SCHD - Dividend Comparison

DRN's dividend yield for the trailing twelve months is around 2.23%, less than SCHD's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRN Direxion Daily Real Estate Bull 3x Shares	2.23%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.26%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both DRN and SCHD in my portfolio?

DRN and SCHD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRN or SCHD?

DRN has higher volatility (11.21%) compared to SCHD (2.92%). In terms of maximum drawdown, DRN dropped -86.32% vs SCHD's -33.37%.

Which ETF is better, DRN or SCHD?

On 10-year performance, SCHD leads with 12.77% vs -5.10% for DRN. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRN or SCHD?

Over the 10-year period, SCHD has performed better with a 12.77% return vs -5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRN or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.99% for DRN.

Which ETF pays a higher dividend yield, DRN or SCHD?

SCHD has the higher dividend yield at 3.26%, compared with 2.23% for DRN.

What is the main difference between DRN and SCHD?

DRN is categorized as REIT, while SCHD is Dividend. DRN tracks MSCI US REIT Index (300%), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: Direxion and Charles Schwab. Their fees differ too: 0.99% for DRN and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.57 vs 0.17), 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.