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 -29.40%/yr vs -11.17%/yr for DPST. At a correlation of -0.40, they often move in opposite directions. 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 -29.93% return, which is significantly lower than DPST's 31.18% return. Over the past 10 years, DRV has underperformed DPST with an annualized return of -29.40%, while DPST has yielded a comparatively higher -11.17% 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%
DPST
- 1D
- 4.14%
- 1M
- 16.60%
- YTD
- 31.18%
- 6M
- 20.48%
- 1Y
- 66.43%
- 3Y*
- 41.35%
- 5Y*
- -20.53%
- 10Y*
- -11.17%
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 | -29.93% | -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 | 31.18% | -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 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | -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 | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 1.65 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.47 | 3.66 | -5.12 |
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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 | -32.86% | -40.44% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -71.93% | -68.38% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -74.35% | -93.99% | +19.64% |
Max Drawdown (10Y)Largest decline over 10 years | -97.42% | -97.73% | +0.31% |
Current DrawdownCurrent decline from peak | -99.99% | -91.97% | -8.02% |
Average DrawdownAverage peak-to-trough decline | -97.75% | -64.25% | -33.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 18.22% | -3.10% |
Volatility
DRV vs. DPST - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 16.42%, while Direxion Daily Regional Banks Bull 3X Shares (DPST) has a volatility of 18.76%. 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 | 16.42% | 18.76% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 31.89% | 48.13% | -16.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.62% | 69.32% | -26.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.12% | 88.98% | -31.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 94.46% | -31.64% |
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 4.00%, more than DPST's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.61% | 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 | 4.00% | 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 (18.76%) compared to DRV (16.42%). In terms of maximum drawdown, DRV dropped -99.99% vs DPST's -97.73%.
On 10-year performance, DPST leads with -11.17% vs -29.40% for DRV. On fees, DPST is cheaper at 0.99% per year. On volatility, DRV has been the lower-risk option at 16.42%. 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 -11.17% return vs -29.40%. 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 4.00%, compared with 1.61% 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 (0.97 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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