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 -27.93%/yr vs -19.05%/yr for BRZU. Their -0.31 correlation means they have often moved in opposite directions in the past. DRV charges 1.08%/yr vs 1.29%/yr for BRZU.
Performance
DRV vs. BRZU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly lower than BRZU's 25.69% return. Over the past 10 years, DRV has underperformed BRZU with an annualized return of -27.93%, while BRZU has yielded a comparatively higher -19.05% annualized return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
BRZU
- 1D
- 0.98%
- 1M
- 12.57%
- 6M
- -6.32%
- YTD
- 25.69%
- 1Y
- 83.60%
- 3Y*
- 6.48%
- 5Y*
- 2.33%
- 10Y*
- -19.05%
- ALL TIME*
- -29.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.63M | $1.55M | $2.54M | |
| $3.36M | $3.03M | $2.54M |
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 | -31.44% | -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 | 25.69% | 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 -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.23 |
Correlation (3Y) Balances recent behavior with more history. | -0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.31 |
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. 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 | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.28 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 2.36 | -3.10 |
| Martin ratioReturn relative to average drawdown | -1.49 | 5.48 | -6.97 |
Loading charts...
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.
Loading charts...
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 | -37.53% | -35.97% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -58.25% | -15.64% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -62.89% | -13.24% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -98.11% | +0.51% |
Current DrawdownCurrent decline from peak | -99.99% | -99.10% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -89.64% | -8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 15.49% | +2.97% |
Volatility
DRV vs. BRZU - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Brazil Bull 2X Shares (BRZU) have volatilities of 13.26% and 13.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DRV | BRZU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 13.30% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 38.80% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 50.02% | -7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 54.96% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 82.21% | -19.37% |
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 3.94%, more than BRZU's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRZU Direxion Daily Brazil Bull 2X Shares | 1.79% | 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 | 3.94% | 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 -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRZU has higher volatility (13.30%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs BRZU's -99.71%.
On 10-year performance, BRZU leads with -19.05% vs -27.93% for DRV. On fees, DRV is cheaper at 1.08% per year. Their volatility is very similar. 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 -19.05% return vs -27.93%. 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 3.94%, compared with 1.79% 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 (1.70 vs -0.66), 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 BRZU
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