DRV vs. NVDU

Last updated Jul 14, 2026

DRV (Direxion Daily Real Estate Bear 3x Shares) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while NVDU is a Leveraged Equities fund actively managed by Direxion. DRV is passively managed, while NVDU is actively managed. Over the past year, DRV returned -24.84% vs 20.36% for NVDU. At a correlation of -0.01, they often move in opposite directions. DRV charges 1.08%/yr vs 1.04%/yr for NVDU.

Performance

DRV vs. NVDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Real Estate Bear 3x Shares (DRV) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRV achieves a -29.68% return, which is significantly lower than NVDU's 4.77% return.

DRV

• 1D: -1.61%
• 1M: 1.58%
• 6M: -28.36%
• YTD: -29.68%
• 1Y: -24.84%
• 3Y*: -21.19%
• 5Y*: -15.39%
• 10Y*: -28.03%

NVDU

• 1D: -7.22%
• 1M: -3.67%
• 6M: 6.87%
• YTD: 4.77%
• 1Y: 20.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRV vs. NVDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DRV Direxion Daily Real Estate Bear 3x Shares	-29.68%	-7.27%	-10.50%	-30.39%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	4.77%	33.65%	289.29%	12.08%

Correlation

The correlation between DRV and NVDU is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	-0.01

The correlation between DRV and NVDU shifts across timeframes, from -0.01 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DRV vs. NVDU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRV

DRV Risk / Return Rank: 4
DRV Sharpe Ratio Rank: 5
DRV Sortino Ratio Rank: 5
DRV Omega Ratio Rank: 5
DRV Calmar Ratio Rank: 3
DRV Martin Ratio Rank: 1

NVDU

NVDU Risk / Return Rank: 17
NVDU Sharpe Ratio Rank: 14
NVDU Sortino Ratio Rank: 20
NVDU Omega Ratio Rank: 19
NVDU Calmar Ratio Rank: 16
NVDU Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRV vs. NVDU - 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 NVDA Bull 2X Shares ETF (NVDU). 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	NVDU	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	0.29	-0.87
Sortino ratio: Return per unit of downside risk	-0.66	0.90	-1.57
Omega ratio: Gain probability vs. loss probability	0.93	1.10	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.73	0.48	-1.21
Martin ratio: Return relative to average drawdown	-1.50	0.99	-2.49

DRV vs. NVDU - Sharpe Ratio Comparison

The current DRV Sharpe Ratio is -0.58, which is lower than the NVDU Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of DRV and NVDU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRV vs. NVDU - Drawdown Comparison

The maximum DRV drawdown since its inception was -99.99%, which is greater than NVDU's maximum drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for DRV and NVDU.

Drawdown Indicators

	DRV	NVDU	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-67.27%	-32.72%
Max Drawdown (1Y) Largest decline over 1 year	-34.33%	-42.27%	+7.94%
Max Drawdown (3Y) Largest decline over 3 years	-72.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-97.48%	—	—
Current Drawdown Current decline from peak	-99.99%	-28.65%	-71.34%
Average Drawdown Average peak-to-trough decline	-97.76%	-19.14%	-78.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.61%	20.57%	-3.96%

Volatility

DRV vs. NVDU - Volatility Comparison

The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 15.36%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 21.81%. This indicates that DRV experiences smaller price fluctuations and is considered to be less risky than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRV	NVDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.36%	21.81%	-6.45%
Volatility (6M) Calculated over the trailing 6-month period	33.01%	54.22%	-21.21%
Volatility (1Y) Calculated over the trailing 1-year period	42.85%	71.03%	-28.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.20%	90.68%	-33.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.82%	90.68%	-27.86%

DRV vs. NVDU - Expense Ratio Comparison

DRV has a 1.08% expense ratio, which is higher than NVDU's 1.04% expense ratio.

Dividends

DRV vs. NVDU - Dividend Comparison

DRV's dividend yield for the trailing twelve months is around 3.84%, less than NVDU's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DRV Direxion Daily Real Estate Bear 3x Shares	3.84%	2.88%	4.57%	5.35%	0.38%	0.00%	0.58%	1.71%	0.42%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	5.63%	5.68%	16.85%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRV and NVDU in my portfolio?

DRV and NVDU have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRV or NVDU?

NVDU has higher volatility (21.81%) compared to DRV (15.36%). In terms of maximum drawdown, DRV dropped -99.99% vs NVDU's -67.27%.

Which ETF is better, DRV or NVDU?

On 1-year performance, NVDU leads with 20.36% vs -24.84% for DRV. On fees, NVDU is cheaper at 1.04% per year. On volatility, DRV has been the lower-risk option at 15.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRV or NVDU?

Over the 1-year period, NVDU has performed better with a 20.36% return vs -24.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRV or NVDU?

NVDU is cheaper with a 1.04% expense ratio, compared with 1.08% for DRV.

Which ETF pays a higher dividend yield, DRV or NVDU?

NVDU has the higher dividend yield at 5.63%, compared with 3.84% for DRV.

What is the main difference between DRV and NVDU?

DRV is categorized as REIT, while NVDU is Leveraged Equities. Their fees differ too: 1.08% for DRV and 1.04% for NVDU.

Which has better risk-adjusted returns?

NVDU currently has the higher Sharpe Ratio (0.29 vs -0.58), 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.