DRN vs. UMDD
DRN (Direxion Daily Real Estate Bull 3x Shares) and UMDD (ProShares UltraPro MidCap400) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while UMDD is a Leveraged Equities fund tracking the S&P MidCap 400 Index (300%). Both are passively managed. Over the past 10 years, DRN returned -6.49%/yr vs 10.70%/yr for UMDD. A 0.65 correlation means they provide meaningful diversification when combined. DRN charges 0.99%/yr vs 0.95%/yr for UMDD.
Performance
DRN vs. UMDD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with DRN having a 34.25% return and UMDD slightly higher at 34.48%. Over the past 10 years, DRN has underperformed UMDD with an annualized return of -6.49%, while UMDD has yielded a comparatively higher 10.70% annualized return.
DRN
- 1D
- -1.31%
- 1M
- 11.04%
- 6M
- 18.28%
- YTD
- 34.25%
- 1Y
- 18.52%
- 3Y*
- 6.25%
- 5Y*
- -11.34%
- 10Y*
- -6.49%
- ALL TIME*
- 14.22%
UMDD
- 1D
- -2.43%
- 1M
- -4.30%
- 6M
- 13.80%
- YTD
- 34.48%
- 1Y
- 43.82%
- 3Y*
- 16.59%
- 5Y*
- 3.27%
- 10Y*
- 10.70%
- ALL TIME*
- 19.19%
DRN vs. UMDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 34.25% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
UMDD ProShares UltraPro MidCap400 | 34.48% | -2.57% | 19.68% | 27.21% | -49.60% | 72.27% | -17.30% | 78.90% | -40.29% | 49.17% |
Correlation
The correlation between DRN and UMDD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.65 |
Over the past year, the correlation between DRN and UMDD has dropped to 0.43 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
DRN vs. UMDD — Risk / Return Rank
DRN
UMDD
DRN vs. UMDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and ProShares UltraPro MidCap400 (UMDD). 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 | UMDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.69 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.70 | 5.59 | -3.89 |
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Drawdowns
DRN vs. UMDD - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, roughly equal to the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for DRN and UMDD.
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Drawdown Indicators
| DRN | UMDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.32% | -86.24% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -24.28% | -26.04% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -48.26% | -60.33% | +12.07% |
Max Drawdown (5Y)Largest decline over 5 years | -80.58% | -64.61% | -15.97% |
Max Drawdown (10Y)Largest decline over 10 years | -86.32% | -86.24% | -0.08% |
Current DrawdownCurrent decline from peak | -61.72% | -8.63% | -53.09% |
Average DrawdownAverage peak-to-trough decline | -35.27% | -23.47% | -11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 7.86% | +3.05% |
Volatility
DRN vs. UMDD - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 14.09% compared to ProShares UltraPro MidCap400 (UMDD) at 10.26%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than UMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRN | UMDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.09% | 10.26% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 35.21% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.66% | 47.26% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.85% | 58.70% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.80% | 62.09% | -1.29% |
DRN vs. UMDD - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than UMDD's 0.95% expense ratio.
Dividends
DRN vs. UMDD - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.84%, more than UMDD's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.84% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% | 0.00% |
UMDD ProShares UltraPro MidCap400 | 0.69% | 1.00% | 0.76% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% |
Frequently Asked Questions
DRN and UMDD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (14.09%) compared to UMDD (10.26%). In terms of maximum drawdown, DRN dropped -86.32% vs UMDD's -86.24%.
On 10-year performance, UMDD leads with 10.70% vs -6.49% for DRN. On fees, UMDD is cheaper at 0.95% per year. On volatility, UMDD has been the lower-risk option at 10.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UMDD has performed better with a 10.70% return vs -6.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UMDD is cheaper with a 0.95% expense ratio, compared with 0.99% for DRN.
DRN has the higher dividend yield at 1.84%, compared with 0.69% for UMDD.
DRN is categorized as REIT, while UMDD is Leveraged Equities. DRN tracks MSCI US REIT Index (300%), while UMDD tracks S&P MidCap 400 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.99% for DRN and 0.95% for UMDD.
UMDD currently has the higher Sharpe Ratio (0.93 vs 0.44), 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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