Correlation
The correlation between DRV and FREL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
DRV vs. FREL
Compare and contrast key facts about Direxion Daily Real Estate Bear 3x Shares (DRV) and Fidelity MSCI Real Estate Index ETF (FREL).
DRV and FREL 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. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015. Both DRV and FREL 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 FREL.
Performance
DRV vs. FREL - Performance Comparison
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Key characteristics
DRV:
-0.67
FREL:
0.77
DRV:
-0.83
FREL:
1.17
DRV:
0.91
FREL:
1.16
DRV:
-0.37
FREL:
0.58
DRV:
-1.06
FREL:
2.45
DRV:
34.88%
FREL:
5.85%
DRV:
54.71%
FREL:
18.16%
DRV:
-99.99%
FREL:
-42.61%
DRV:
-99.99%
FREL:
-13.18%
Returns By Period
In the year-to-date period, DRV achieves a -12.85% return, which is significantly lower than FREL's 1.12% return. Over the past 10 years, DRV has underperformed FREL with an annualized return of -31.44%, while FREL has yielded a comparatively higher 5.40% annualized return.
DRV
-12.85%
-2.62%
14.03%
-36.13%
-12.97%
-31.45%
-31.44%
FREL
1.12%
1.08%
-7.19%
13.78%
0.34%
6.67%
5.40%
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DRV vs. FREL - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than FREL's 0.08% expense ratio.
Risk-Adjusted Performance
DRV vs. FREL — Risk-Adjusted Performance Rank
DRV
FREL
DRV vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Fidelity MSCI Real Estate Index ETF (FREL). 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.
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Dividends
DRV vs. FREL - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.94%, more than FREL's 3.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 4.94% | 4.58% | 5.35% | 0.38% | 0.00% | 0.58% | 1.72% | 0.42% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.50% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
DRV vs. FREL - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than FREL's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for DRV and FREL.
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Volatility
DRV vs. FREL - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 14.18% compared to Fidelity MSCI Real Estate Index ETF (FREL) at 4.84%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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