DRN vs. TSLL
DRN (Direxion Daily Real Estate Bull 3x Shares) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while TSLL is a Leveraged Equities fund actively managed by Direxion. DRN is passively managed, while TSLL is actively managed. Over the past 3 years, DRN returned 12.52%/yr vs -7.12%/yr for TSLL. At a 0.25 correlation, their price movements are largely independent. DRN charges 0.99%/yr vs 0.83%/yr for TSLL.
Performance
DRN vs. TSLL - Performance Comparison
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Returns By Period
In the year-to-date period, DRN achieves a 29.87% return, which is significantly higher than TSLL's -37.67% return.
DRN
- 1D
- 3.48%
- 1M
- 0.92%
- YTD
- 29.87%
- 6M
- 31.25%
- 1Y
- 12.29%
- 3Y*
- 12.52%
- 5Y*
- -10.17%
- 10Y*
- -4.65%
TSLL
- 1D
- -12.25%
- 1M
- -22.54%
- YTD
- -37.67%
- 6M
- -46.82%
- 1Y
- -13.37%
- 3Y*
- -7.12%
- 5Y*
- —
- 10Y*
- —
DRN vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 29.87% | -11.24% | -5.29% | 12.03% | -44.62% |
TSLL Direxion Daily TSLA Bull 2X ETF | -37.67% | -26.80% | 99.63% | 139.86% | -74.99% |
Correlation
The correlation between DRN and TSLL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.25 |
The correlation between DRN and TSLL shifts across timeframes, from 0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRN vs. TSLL — Risk / Return Rank
DRN
TSLL
DRN vs. TSLL - 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 TSLA Bull 2X ETF (TSLL). 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 | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | -0.25 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.12 | -0.49 | +1.61 |
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Drawdowns
DRN vs. TSLL - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, roughly equal to the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for DRN and TSLL.
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Drawdown Indicators
| DRN | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -82.88% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -54.75% | +30.47% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -82.88% | +34.62% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | — | — |
Current DrawdownCurrent decline from peak | -62.97% | -68.52% | +5.55% |
Average DrawdownAverage peak-to-trough decline | -35.15% | -53.92% | +18.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.95% | 27.78% | -16.83% |
Volatility
DRN vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 15.77%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 28.98%. This indicates that DRN experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRN | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.77% | 28.98% | -13.21% |
Volatility (6M)Calculated over the trailing 6-month period | 31.71% | 56.84% | -25.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.14% | 89.07% | -46.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.85% | 106.91% | -50.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.77% | 106.91% | -46.14% |
DRN vs. TSLL - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
DRN vs. TSLL - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 2.05%, less than TSLL's 8.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 2.05% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
TSLL Direxion Daily TSLA Bull 2X ETF | 8.21% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRN and TSLL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (28.98%) compared to DRN (15.77%). In terms of maximum drawdown, DRN dropped -86.32% vs TSLL's -82.88%.
On 3-year performance, DRN leads with 12.52% vs -7.12% for TSLL. On fees, TSLL is cheaper at 0.83% per year. On volatility, DRN has been the lower-risk option at 15.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DRN has performed better with a 12.52% return vs -7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 0.99% for DRN.
TSLL has the higher dividend yield at 8.21%, compared with 2.05% for DRN.
DRN is categorized as REIT, while TSLL is Leveraged Equities. Their fees differ too: 0.99% for DRN and 0.83% for TSLL.
DRN currently has the higher Sharpe Ratio (0.29 vs -0.15), 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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