DRV vs. DPST
DRV (Direxion Daily Real Estate Bear 3x Shares) and DPST (Direxion Daily Regional Banks Bull 3X Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%). Both are passively managed. Over the past 10 years, DRV returned -27.93%/yr vs -11.01%/yr for DPST. Their -0.40 correlation means they have often moved in opposite directions in the past. DRV charges 1.08%/yr vs 0.99%/yr for DPST.
Performance
DRV vs. DPST - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly lower than DPST's 45.96% return. Over the past 10 years, DRV has underperformed DPST with an annualized return of -27.93%, while DPST has yielded a comparatively higher -11.01% 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%
DPST
- 1D
- 0.85%
- 1M
- 2.62%
- 6M
- 24.97%
- YTD
- 45.96%
- 1Y
- 81.17%
- 3Y*
- 22.15%
- 5Y*
- -14.99%
- 10Y*
- -11.01%
- ALL TIME*
- -12.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.57M | $38.84M | $44.12M | |
| $3.36M | $3.03M | $2.54M |
DRV vs. DPST - 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% |
DPST Direxion Daily Regional Banks Bull 3X Shares | 45.96% | -5.90% | 15.48% | -55.79% | -54.10% | 108.31% | -76.53% | 70.65% | -56.75% | 7.28% |
Correlation
The correlation between DRV and DPST is -0.46, 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. | -0.46 |
Correlation (3Y) Balances recent behavior with more history. | -0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | -0.40 |
The correlation between DRV and DPST shifts across timeframes, from -0.52 (5 years) to -0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DRV vs. DPST — Risk / Return Rank
DRV
DPST
DRV vs. DPST - 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 Regional Banks Bull 3X Shares (DPST). 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 | DPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.22 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.73 | -2.47 |
| Martin ratioReturn relative to average drawdown | -1.49 | 3.92 | -5.41 |
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Drawdowns
DRV vs. DPST - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, roughly equal to the maximum DPST drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for DRV and DPST.
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Drawdown Indicators
| DRV | DPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -97.73% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -40.44% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -68.38% | -5.51% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -93.99% | +17.86% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -97.73% | +0.13% |
Current DrawdownCurrent decline from peak | -99.99% | -91.06% | -8.93% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -64.52% | -33.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 17.85% | +0.61% |
Volatility
DRV vs. DPST - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 13.26%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 16.37%. This indicates that DRV experiences smaller price fluctuations and is considered to be less risky than DPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | DPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 16.37% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 46.05% | -12.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 68.21% | -25.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 88.35% | -31.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 94.21% | -31.37% |
DRV vs. DPST - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than DPST's 0.99% expense ratio.
Dividends
DRV vs. DPST - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.94%, more than DPST's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.50% | 2.18% | 1.55% | 1.78% | 1.51% | 0.58% | 0.90% | 1.29% | 2.18% | 0.30% |
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 DPST have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DPST has higher volatility (16.37%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs DPST's -97.73%.
On 10-year performance, DPST leads with -11.01% vs -27.93% for DRV. On fees, DPST is cheaper at 0.99% per year. On volatility, DRV has been the lower-risk option at 13.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DPST has performed better with a -11.01% return vs -27.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DPST is cheaper with a 0.99% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.94%, compared with 1.50% for DPST.
DRV is categorized as REIT, while DPST is Leveraged Equities. DRV tracks MSCI US REIT Index (-300%), while DPST tracks Solactive US Regional Banks Total Return Index (300%). Their fees differ too: 1.08% for DRV and 0.99% for DPST.
DPST currently has the higher Sharpe Ratio (1.03 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.
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