DRN vs. SOXL
Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
DRN and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both DRN and SOXL 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 SOXL.
Key characteristics
| DRN | SOXL | |
|---|---|---|
| YTD Return | -25.10% | 24.21% |
| 1Y Return | -10.07% | 188.35% |
| 3Y Return (Ann) | -23.02% | 5.26% |
| 5Y Return (Ann) | -18.40% | 25.36% |
| 10Y Return (Ann) | -3.37% | 40.85% |
| Sharpe Ratio | -0.13 | 2.16 |
| Daily Std Dev | 54.89% | 84.95% |
| Max Drawdown | -86.32% | -90.46% |
| Current Drawdown | -74.59% | -45.75% |
Correlation
The correlation between DRN and SOXL is 0.43, 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. SOXL - Performance Comparison
In the year-to-date period, DRN achieves a -25.10% return, which is significantly lower than SOXL's 24.21% return. Over the past 10 years, DRN has underperformed SOXL with an annualized return of -3.37%, while SOXL has yielded a comparatively higher 40.85% 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. SOXL - Expense Ratio Comparison
Both DRN and SOXL have an expense ratio of 0.99%.
Risk-Adjusted Performance
DRN vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 3.15%, more than SOXL's 0.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 3.15% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.43% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
DRN vs. SOXL - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DRN and SOXL. For additional features, visit the drawdowns tool.
Volatility
DRN vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 18.78%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.71%. This indicates that DRN experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.