DRV vs. AFK
DRV (Direxion Daily Real Estate Bear 3x Shares) and AFK (VanEck Vectors Africa Index ETF) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while AFK is a Foreign Large Cap Equities fund tracking the Dow Jones Africa Titans 50 Index. Both are passively managed. Over the past 10 years, DRV returned -28.03%/yr vs 5.05%/yr for AFK. At a correlation of -0.38, they often move in opposite directions. DRV charges 1.08%/yr vs 0.78%/yr for AFK.
Performance
DRV vs. AFK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRV achieves a -29.68% return, which is significantly lower than AFK's -4.45% return. Over the past 10 years, DRV has underperformed AFK with an annualized return of -28.03%, while AFK has yielded a comparatively higher 5.05% annualized return.
DRV
- 1D
- -1.61%
- 1M
- 1.58%
- 6M
- -28.36%
- YTD
- -29.68%
- 1Y
- -24.84%
- 3Y*
- -21.19%
- 5Y*
- -15.39%
- 10Y*
- -28.03%
AFK
- 1D
- -2.11%
- 1M
- -4.88%
- 6M
- -8.52%
- YTD
- -4.45%
- 1Y
- 25.18%
- 3Y*
- 19.83%
- 5Y*
- 5.63%
- 10Y*
- 5.05%
DRV vs. AFK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.68% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
AFK VanEck Vectors Africa Index ETF | -4.45% | 74.71% | 12.10% | -12.11% | -17.31% | 3.00% | 4.26% | 9.90% | -19.55% | 28.22% |
Correlation
The correlation between DRV and AFK is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | -0.38 |
The correlation between DRV and AFK shifts across timeframes, from -0.38 (all time) to -0.23 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRV vs. AFK — Risk / Return Rank
DRV
AFK
DRV vs. AFK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and VanEck Vectors Africa Index ETF (AFK). 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.
| DRV | AFK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.18 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.29 | -2.02 |
| Martin ratioReturn relative to average drawdown | -1.50 | 3.19 | -4.69 |
Loading charts...
Drawdowns
DRV vs. AFK - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than AFK's maximum drawdown of -62.46%. Use the drawdown chart below to compare losses from any high point for DRV and AFK.
Loading charts...
Drawdown Indicators
| DRV | AFK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -62.46% | -37.53% |
Max Drawdown (1Y)Largest decline over 1 year | -34.33% | -19.54% | -14.79% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -19.54% | -53.01% |
Max Drawdown (5Y)Largest decline over 5 years | -74.91% | -37.62% | -37.29% |
Max Drawdown (10Y)Largest decline over 10 years | -97.48% | -53.33% | -44.15% |
Current DrawdownCurrent decline from peak | -99.99% | -16.36% | -83.63% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -31.93% | -65.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 7.91% | +8.70% |
Volatility
DRV vs. AFK - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 15.36% compared to VanEck Vectors Africa Index ETF (AFK) at 8.47%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than AFK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DRV | AFK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 8.47% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 23.42% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 27.18% | +15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 22.45% | +34.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 22.18% | +40.64% |
DRV vs. AFK - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than AFK's 0.78% expense ratio.
Dividends
DRV vs. AFK - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.84%, more than AFK's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFK VanEck Vectors Africa Index ETF | 1.06% | 1.02% | 0.00% | 2.27% | 3.59% | 4.17% | 3.91% | 6.34% | 1.71% | 1.99% | 2.67% | 2.16% |
DRV Direxion Daily Real Estate Bear 3x Shares | 3.84% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRV and AFK have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (15.36%) compared to AFK (8.47%). In terms of maximum drawdown, DRV dropped -99.99% vs AFK's -62.46%.
On 10-year performance, AFK leads with 5.05% vs -28.03% for DRV. On fees, AFK is cheaper at 0.78% per year. On volatility, AFK has been the lower-risk option at 8.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AFK has performed better with a 5.05% return vs -28.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AFK is cheaper with a 0.78% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.84%, compared with 1.06% for AFK.
DRV is categorized as REIT, while AFK is Foreign Large Cap Equities. DRV tracks MSCI US REIT Index (-300%), while AFK tracks Dow Jones Africa Titans 50 Index. They also come from different issuers: Direxion and VanEck. Their fees differ too: 1.08% for DRV and 0.78% for AFK.
AFK currently has the higher Sharpe Ratio (0.93 vs -0.58), 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.
Find the right allocation for DRV and AFK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer