DRV vs. NUDV
DRV (Direxion Daily Real Estate Bear 3x Shares) and NUDV (Nuveen ESG Dividend ETF) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while NUDV is a Large Cap Value Equities fund tracking the Nuveen ESG USA High Dividend Yield Index. Both are passively managed. Over the past 3 years, DRV returned -27.14%/yr vs 15.78%/yr for NUDV. At a correlation of -0.78, they often move in opposite directions. DRV charges 1.08%/yr vs 0.26%/yr for NUDV.
Performance
DRV vs. NUDV - 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 NUDV's 10.55% 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%
NUDV
- 1D
- 0.49%
- 1M
- 0.65%
- YTD
- 10.55%
- 6M
- 9.98%
- 1Y
- 19.54%
- 3Y*
- 15.78%
- 5Y*
- —
- 10Y*
- —
DRV vs. NUDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.93% | -7.27% | -10.50% | -33.74% | 68.51% | -34.00% |
NUDV Nuveen ESG Dividend ETF | 10.55% | 10.77% | 14.02% | 10.13% | -7.83% | 8.35% |
Correlation
The correlation between DRV and NUDV 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 | -0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | -0.78 |
The correlation between DRV and NUDV has been stable across timeframes, ranging from -0.78 to -0.71 - a consistent structural relationship.
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Return for Risk
DRV vs. NUDV — Risk / Return Rank
DRV
NUDV
DRV vs. NUDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Nuveen ESG Dividend ETF (NUDV). 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 | NUDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.31 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.98 | -3.65 |
| Martin ratioReturn relative to average drawdown | -1.47 | 10.57 | -12.04 |
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Drawdowns
DRV vs. NUDV - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than NUDV's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for DRV and NUDV.
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Drawdown Indicators
| DRV | NUDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -20.10% | -79.89% |
Max Drawdown (1Y)Largest decline over 1 year | -32.86% | -6.60% | -26.26% |
Max Drawdown (3Y)Largest decline over 3 years | -71.93% | -16.48% | -55.45% |
Max Drawdown (5Y)Largest decline over 5 years | -74.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.42% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.84% | -99.15% |
Average DrawdownAverage peak-to-trough decline | -97.75% | -4.87% | -92.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 1.85% | +13.27% |
Volatility
DRV vs. NUDV - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 16.42% compared to Nuveen ESG Dividend ETF (NUDV) at 3.13%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than NUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | NUDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.42% | 3.13% | +13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 31.89% | 7.65% | +24.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.62% | 10.44% | +32.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.12% | 14.93% | +42.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 14.93% | +47.89% |
DRV vs. NUDV - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than NUDV's 0.26% expense ratio.
Dividends
DRV vs. NUDV - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.00%, more than NUDV's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
NUDV Nuveen ESG Dividend ETF | 2.26% | 2.36% | 6.18% | 2.48% | 2.96% | 0.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRV and NUDV 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 NUDV (3.13%). In terms of maximum drawdown, DRV dropped -99.99% vs NUDV's -20.10%.
On 3-year performance, NUDV leads with 15.78% vs -27.14% for DRV. On fees, NUDV is cheaper at 0.26% per year. On volatility, NUDV has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NUDV has performed better with a 15.78% return vs -27.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NUDV is cheaper with a 0.26% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 4.00%, compared with 2.26% for NUDV.
DRV is categorized as REIT, while NUDV is Large Cap Value Equities. DRV tracks MSCI US REIT Index (-300%), while NUDV tracks Nuveen ESG USA High Dividend Yield Index. They also come from different issuers: Direxion and Nuveen. Their fees differ too: 1.08% for DRV and 0.26% for NUDV.
NUDV currently has the higher Sharpe Ratio (1.89 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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