DRN vs. URE
Compare and contrast key facts about Direxion Daily Real Estate Bull 3x Shares (DRN) and ProShares Ultra Real Estate (URE).
DRN and URE 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. URE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (200%). It was launched on Jan 30, 2007. Both DRN and URE 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 URE.
Key characteristics
| DRN | URE | |
|---|---|---|
| YTD Return | 19.10% | 16.38% |
| 1Y Return | 93.56% | 62.34% |
| 3Y Return (Ann) | -19.90% | -9.65% |
| 5Y Return (Ann) | -11.94% | -1.26% |
| 10Y Return (Ann) | -1.44% | 5.08% |
| Sharpe Ratio | 1.65 | 1.71 |
| Sortino Ratio | 2.23 | 2.34 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 1.07 | 0.83 |
| Martin Ratio | 5.64 | 6.02 |
| Ulcer Index | 15.00% | 9.55% |
| Daily Std Dev | 51.25% | 33.62% |
| Max Drawdown | -86.32% | -97.16% |
| Current Drawdown | -59.61% | -49.88% |
Correlation
The correlation between DRN and URE is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DRN vs. URE - Performance Comparison
In the year-to-date period, DRN achieves a 19.10% return, which is significantly higher than URE's 16.38% return. Over the past 10 years, DRN has underperformed URE with an annualized return of -1.44%, while URE has yielded a comparatively higher 5.08% 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. URE - Expense Ratio Comparison
DRN has a 0.99% expense ratio, which is higher than URE's 0.95% expense ratio.
Risk-Adjusted Performance
DRN vs. URE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and ProShares Ultra Real Estate (URE). 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. URE - Dividend Comparison
DRN's dividend yield for the trailing twelve months is around 1.99%, more than URE's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.99% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
URE ProShares Ultra Real Estate | 1.84% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.54% | 0.93% | 1.23% | 0.81% | 1.24% | 1.13% |
Drawdowns
DRN vs. URE - Drawdown Comparison
The maximum DRN drawdown since its inception was -86.32%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for DRN and URE. For additional features, visit the drawdowns tool.
Volatility
DRN vs. URE - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 17.35% compared to ProShares Ultra Real Estate (URE) at 11.45%. This indicates that DRN's price experiences larger fluctuations and is considered to be riskier than URE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.