DRV vs. DRN
Compare and contrast key facts about Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Real Estate Bull 3x Shares (DRN).
DRV and DRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRV is a passively managed fund by Direxion that tracks the performance of the MSCI US REIT Index (-300%). It was launched on Jul 16, 2009. DRN is a passively managed fund by Direxion that tracks the performance of the MSCI US REIT Index (300%). It was launched on Jul 16, 2009. Both DRV and DRN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DRV or DRN.
Key characteristics
| DRV | DRN | |
|---|---|---|
| YTD Return | -21.45% | 10.86% |
| 1Y Return | -44.74% | 53.56% |
| 3Y Return (Ann) | -10.59% | -22.00% |
| 5Y Return (Ann) | -36.39% | -13.98% |
| 10Y Return (Ann) | -32.71% | -1.97% |
| Sharpe Ratio | -0.92 | 1.11 |
| Sortino Ratio | -1.35 | 1.65 |
| Omega Ratio | 0.85 | 1.21 |
| Calmar Ratio | -0.45 | 0.70 |
| Martin Ratio | -1.42 | 3.58 |
| Ulcer Index | 31.64% | 15.11% |
| Daily Std Dev | 48.66% | 48.79% |
| Max Drawdown | -99.99% | -86.32% |
| Current Drawdown | -99.99% | -62.40% |
Correlation
The correlation between DRV and DRN is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DRV vs. DRN - Performance Comparison
In the year-to-date period, DRV achieves a -21.45% return, which is significantly lower than DRN's 10.86% return. Over the past 10 years, DRV has underperformed DRN with an annualized return of -32.71%, while DRN has yielded a comparatively higher -1.97% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRV vs. DRN - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than DRN's 0.99% expense ratio.
Risk-Adjusted Performance
DRV vs. DRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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.
Dividends
DRV vs. DRN - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 5.78%, more than DRN's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 5.78% | 5.35% | 0.38% | 0.00% | 0.58% | 1.72% | 0.42% | 0.00% |
DRN Direxion Daily Real Estate Bull 3x Shares | 2.13% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% |
Drawdowns
DRV vs. DRN - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than DRN's maximum drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for DRV and DRN. For additional features, visit the drawdowns tool.
Volatility
DRV vs. DRN - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily Real Estate Bull 3x Shares (DRN) have volatilities of 16.82% and 17.17%, 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.