DRN vs. SOXL
DRN (Direxion Daily Real Estate Bull 3x Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while SOXL is a Leveraged Equities fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, DRN returned -6.41%/yr vs 48.63%/yr for SOXL. Their 0.38 correlation means their historical movements had little consistent relationship. DRN charges 0.99%/yr vs 0.75%/yr for SOXL.
Performance
DRN vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, DRN achieves a 32.35% return, which is significantly lower than SOXL's 172.95% return. Over the past 10 years, DRN has underperformed SOXL with an annualized return of -6.41%, while SOXL has yielded a comparatively higher 48.63% annualized return.
DRN
- 1D
- -1.59%
- 1M
- 1.27%
- 6M
- 24.19%
- YTD
- 32.35%
- 1Y
- 22.62%
- 3Y*
- 7.14%
- 5Y*
- -11.80%
- 10Y*
- -6.41%
- ALL TIME*
- 14.10%
SOXL
- 1D
- 0.00%
- 1M
- -36.78%
- 6M
- 85.66%
- YTD
- 172.95%
- 1Y
- 376.55%
- 3Y*
- 60.01%
- 5Y*
- 21.65%
- 10Y*
- 48.63%
- ALL TIME*
- 38.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.18M | $8.89M | $10.29M | |
| $10.60B | $10.77B | $11.72B |
DRN vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 32.35% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 172.95% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Correlation
The correlation between DRN and SOXL is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.38 |
The correlation between DRN and SOXL shifts across timeframes, from -0.00 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRN vs. SOXL — Risk / Return Rank
DRN
SOXL
DRN vs. SOXL - 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 Semiconductor Bull 3X ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRN | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 5.22 | -4.34 |
| Martin ratioReturn relative to average drawdown | 2.33 | 18.04 | -15.71 |
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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.
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Drawdown Indicators
| DRN | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -90.46% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -69.42% | +45.14% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -87.88% | +39.62% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | -90.46% | +9.88% |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | -90.46% | +4.14% |
Current DrawdownCurrent decline from peak | -62.26% | -61.86% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -35.32% | -35.00% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.16% | 20.04% | -10.88% |
Volatility
DRN vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 13.15%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. 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.
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Volatility by Period
| DRN | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.15% | 52.68% | -39.53% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 115.51% | -82.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.10% | 130.99% | -88.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.91% | 113.21% | -56.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.80% | 102.11% | -41.31% |
DRN vs. SOXL - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
DRN vs. SOXL - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.87%, more than SOXL's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.87% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
DRN and SOXL have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (52.68%) compared to DRN (13.15%). In terms of maximum drawdown, DRN dropped -86.32% vs SOXL's -90.46%.
On 10-year performance, SOXL leads with 48.63% vs -6.41% for DRN. On fees, SOXL is cheaper at 0.75% per year. On volatility, DRN has been the lower-risk option at 13.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXL has performed better with a 48.63% return vs -6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.99% for DRN.
DRN has the higher dividend yield at 1.87%, compared with 0.01% for SOXL.
DRN is categorized as REIT, while SOXL is Leveraged Equities. DRN tracks MSCI US REIT Index (300%), while SOXL tracks NYSE Semiconductor Index. Their fees differ too: 0.99% for DRN and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.77 vs 0.51), 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.
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