DRV vs. BRZU
DRV (Direxion Daily Real Estate Bear 3x Shares) and BRZU (Direxion Daily Brazil Bull 2X Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while BRZU is a Leveraged Equities fund tracking the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 10 years, DRV returned -28.03%/yr vs -19.50%/yr for BRZU. At a correlation of -0.31, they often move in opposite directions. DRV charges 1.08%/yr vs 1.29%/yr for BRZU.
Performance
DRV vs. BRZU - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -29.68% return, which is significantly lower than BRZU's 17.66% return. Over the past 10 years, DRV has underperformed BRZU with an annualized return of -28.03%, while BRZU has yielded a comparatively higher -19.50% 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%
BRZU
- 1D
- -3.22%
- 1M
- 2.78%
- 6M
- 10.20%
- YTD
- 17.66%
- 1Y
- 59.89%
- 3Y*
- 6.11%
- 5Y*
- -2.17%
- 10Y*
- -19.50%
DRV vs. BRZU - 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% |
BRZU Direxion Daily Brazil Bull 2X Shares | 17.66% | 97.99% | -57.07% | 55.48% | 8.30% | -39.23% | -91.34% | 57.02% | -37.21% | 30.80% |
Correlation
The correlation between DRV and BRZU is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.31 |
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Return for Risk
DRV vs. BRZU — Risk / Return Rank
DRV
BRZU
DRV vs. BRZU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Brazil Bull 2X Shares (BRZU). 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 | BRZU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.67 | -2.40 |
| Martin ratioReturn relative to average drawdown | -1.50 | 4.23 | -5.73 |
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Drawdowns
DRV vs. BRZU - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, roughly equal to the maximum BRZU drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for DRV and BRZU.
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Drawdown Indicators
| DRV | BRZU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -99.71% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -34.33% | -35.97% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -58.25% | -14.30% |
Max Drawdown (5Y)Largest decline over 5 years | -74.91% | -62.89% | -12.02% |
Max Drawdown (10Y)Largest decline over 10 years | -97.48% | -98.11% | +0.63% |
Current DrawdownCurrent decline from peak | -99.99% | -99.16% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -89.60% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 14.19% | +2.42% |
Volatility
DRV vs. BRZU - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 15.36% compared to Direxion Daily Brazil Bull 2X Shares (BRZU) at 12.08%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than BRZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | BRZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 12.08% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 39.65% | -6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 49.78% | -6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 55.29% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 82.30% | -19.48% |
DRV vs. BRZU - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is lower than BRZU's 1.29% expense ratio.
Dividends
DRV vs. BRZU - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.84%, more than BRZU's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 1.91% | 2.39% | 8.73% | 3.24% | 4.70% | 6.29% | 0.78% | 0.95% | 1.04% | 0.74% |
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% |
Frequently Asked Questions
DRV and BRZU have a correlation of -0.28, 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 BRZU (12.08%). In terms of maximum drawdown, DRV dropped -99.99% vs BRZU's -99.71%.
On 10-year performance, BRZU leads with -19.50% vs -28.03% for DRV. On fees, DRV is cheaper at 1.08% per year. On volatility, BRZU has been the lower-risk option at 12.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BRZU has performed better with a -19.50% return vs -28.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRV is cheaper with a 1.08% expense ratio, compared with 1.29% for BRZU.
DRV has the higher dividend yield at 3.84%, compared with 1.91% for BRZU.
DRV is categorized as REIT, while BRZU is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while BRZU tracks MSCI Brazil 25/50 Index. Their fees differ too: 1.08% for DRV and 1.29% for BRZU.
BRZU currently has the higher Sharpe Ratio (1.21 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.
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