DRV vs. NVDU
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 -28.22% vs 5.47% for NVDU. Their -0.00 correlation means they have often moved in opposite directions in the past. DRV charges 1.08%/yr vs 1.04%/yr for NVDU.
Performance
DRV vs. NVDU - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -31.44% return, which is significantly lower than NVDU's 0.62% return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
NVDU
- 1D
- 5.78%
- 1M
- 4.31%
- 6M
- -2.96%
- YTD
- 0.62%
- 1Y
- 5.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 84.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $38.96M | $45.67M | $64.93M |
DRV vs. NVDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | -7.27% | -10.50% | -30.39% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 0.62% | 33.65% | 289.29% | 12.08% |
Correlation
The correlation between DRV and NVDU is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | -0.00 |
The correlation between DRV and NVDU shifts across timeframes, from -0.00 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRV vs. NVDU — Risk / Return Rank
DRV
NVDU
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 ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.06 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.01 | -0.74 |
| Martin ratioReturn relative to average drawdown | -1.49 | 0.02 | -1.51 |
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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.
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Drawdown Indicators
| DRV | NVDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -67.27% | -32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -37.53% | -42.27% | +4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -31.47% | -68.52% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -19.33% | -78.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 21.69% | -3.23% |
Volatility
DRV vs. NVDU - Volatility Comparison
The current volatility for Direxion Daily Real Estate Bear 3x Shares (DRV) is 13.26%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 24.22%. 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.
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Volatility by Period
| DRV | NVDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 24.22% | -10.96% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 56.16% | -23.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 72.37% | -29.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 90.52% | -33.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 90.52% | -27.68% |
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 3.94%, less than NVDU's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 5.87% | 5.68% | 16.85% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRV and NVDU have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDU has higher volatility (24.22%) compared to DRV (13.26%). In terms of maximum drawdown, DRV dropped -99.99% vs NVDU's -67.27%.
On 1-year performance, NVDU leads with 5.47% vs -28.22% for DRV. On fees, NVDU is cheaper at 1.04% per year. On volatility, DRV has been the lower-risk option at 13.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDU has performed better with a 5.47% return vs -28.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVDU is cheaper with a 1.04% expense ratio, compared with 1.08% for DRV.
NVDU has the higher dividend yield at 5.87%, compared with 3.94% for DRV.
DRV is categorized as REIT, while NVDU is Leveraged Equities. Their fees differ too: 1.08% for DRV and 1.04% for NVDU.
NVDU currently has the higher Sharpe Ratio (0.00 vs -0.66), 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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