DRV vs. DEW
DRV (Direxion Daily Real Estate Bear 3x Shares) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 10 years, DRV returned -29.40%/yr vs 9.72%/yr for DEW. At a correlation of -0.62, they often move in opposite directions. DRV charges 1.08%/yr vs 0.58%/yr for DEW.
Performance
DRV vs. DEW - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -29.93% return, which is significantly lower than DEW's 12.97% return. Over the past 10 years, DRV has underperformed DEW with an annualized return of -29.40%, while DEW has yielded a comparatively higher 9.72% annualized return.
DRV
- 1D
- -4.91%
- 1M
- -4.37%
- YTD
- -29.93%
- 6M
- -30.51%
- 1Y
- -22.15%
- 3Y*
- -27.14%
- 5Y*
- -17.01%
- 10Y*
- -29.40%
DEW
- 1D
- 0.43%
- 1M
- -0.07%
- YTD
- 12.97%
- 6M
- 12.77%
- 1Y
- 25.61%
- 3Y*
- 19.27%
- 5Y*
- 11.57%
- 10Y*
- 9.72%
DRV vs. DEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.93% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
DEW WisdomTree Global High Dividend Fund | 12.97% | 22.39% | 11.58% | 9.39% | -2.73% | 21.29% | -7.32% | 20.45% | -10.58% | 15.38% |
Correlation
The correlation between DRV and DEW is -0.71, 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 | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | -0.62 |
The correlation between DRV and DEW has been stable across timeframes, ranging from -0.72 to -0.62 - a consistent structural relationship.
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Return for Risk
DRV vs. DEW — Risk / Return Rank
DRV
DEW
DRV vs. DEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and WisdomTree Global High Dividend Fund (DEW). 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 | DEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.16 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.47 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 4.06 | -4.74 |
| Martin ratioReturn relative to average drawdown | -1.47 | 15.88 | -17.35 |
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Drawdowns
DRV vs. DEW - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than DEW's maximum drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for DRV and DEW.
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Drawdown Indicators
| DRV | DEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -65.55% | -34.44% |
Max Drawdown (1Y)Largest decline over 1 year | -32.86% | -6.34% | -26.52% |
Max Drawdown (3Y)Largest decline over 3 years | -71.93% | -11.80% | -60.13% |
Max Drawdown (5Y)Largest decline over 5 years | -74.35% | -18.86% | -55.49% |
Max Drawdown (10Y)Largest decline over 10 years | -97.42% | -38.77% | -58.65% |
Current DrawdownCurrent decline from peak | -99.99% | -1.12% | -98.87% |
Average DrawdownAverage peak-to-trough decline | -97.75% | -12.41% | -85.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 1.62% | +13.50% |
Volatility
DRV vs. DEW - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 16.42% compared to WisdomTree Global High Dividend Fund (DEW) at 2.77%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | DEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.42% | 2.77% | +13.65% |
Volatility (6M)Calculated over the trailing 6-month period | 31.89% | 7.35% | +24.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.62% | 9.76% | +32.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.12% | 12.98% | +44.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 15.42% | +47.40% |
DRV vs. DEW - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than DEW's 0.58% expense ratio.
Dividends
DRV vs. DEW - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.00%, more than DEW's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEW WisdomTree Global High Dividend Fund | 3.18% | 3.71% | 4.02% | 4.55% | 3.82% | 3.55% | 4.10% | 3.74% | 4.17% | 3.18% | 3.42% | 4.32% |
DRV Direxion Daily Real Estate Bear 3x Shares | 4.00% | 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 DEW have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (16.42%) compared to DEW (2.77%). In terms of maximum drawdown, DRV dropped -99.99% vs DEW's -65.55%.
On 10-year performance, DEW leads with 9.72% vs -29.40% for DRV. On fees, DEW is cheaper at 0.58% per year. On volatility, DEW has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DEW has performed better with a 9.72% return vs -29.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEW is cheaper with a 0.58% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 4.00%, compared with 3.18% for DEW.
DRV is categorized as REIT, while DEW is Large Cap Value Equities. DRV tracks MSCI US REIT Index (-300%), while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 1.08% for DRV and 0.58% for DEW.
DEW currently has the higher Sharpe Ratio (2.64 vs -0.52), 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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