DRV vs. PSR
DRV (Direxion Daily Real Estate Bear 3x Shares) and PSR (Invesco Active U.S. Real Estate Fund) are both REIT funds. DRV is passively managed, while PSR is actively managed. Over the past 10 years, DRV returned -28.36%/yr vs 5.54%/yr for PSR. At a correlation of -0.90, they often move in opposite directions. DRV charges 1.08%/yr vs 0.35%/yr for PSR.
Performance
DRV vs. PSR - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -33.29% return, which is significantly lower than PSR's 20.01% return. Over the past 10 years, DRV has underperformed PSR with an annualized return of -28.36%, while PSR has yielded a comparatively higher 5.54% annualized return.
DRV
- 1D
- -5.75%
- 1M
- -5.35%
- 6M
- -26.60%
- YTD
- -33.29%
- 1Y
- -27.98%
- 3Y*
- -23.26%
- 5Y*
- -16.17%
- 10Y*
- -28.36%
PSR
- 1D
- 2.57%
- 1M
- 3.18%
- 6M
- 16.18%
- YTD
- 20.01%
- 1Y
- 19.40%
- 3Y*
- 9.62%
- 5Y*
- 2.65%
- 10Y*
- 5.54%
DRV vs. PSR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -33.29% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
PSR Invesco Active U.S. Real Estate Fund | 20.01% | 2.63% | 1.79% | 8.34% | -25.52% | 41.71% | -6.04% | 28.76% | -4.58% | 11.95% |
Correlation
The correlation between DRV and PSR is -0.96, 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 | -0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | -0.90 |
The correlation between DRV and PSR has been stable across timeframes, ranging from -0.98 to -0.90 - a consistent structural relationship.
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Return for Risk
DRV vs. PSR — Risk / Return Rank
DRV
PSR
DRV vs. PSR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Invesco Active U.S. Real Estate Fund (PSR). 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 | PSR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.25 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.34 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.65 | 7.35 | -9.00 |
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Drawdowns
DRV vs. PSR - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than PSR's maximum drawdown of -42.31%. Use the drawdown chart below to compare losses from any high point for DRV and PSR.
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Drawdown Indicators
| DRV | PSR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -42.31% | -57.68% |
Max Drawdown (1Y)Largest decline over 1 year | -35.30% | -8.33% | -26.97% |
Max Drawdown (3Y)Largest decline over 3 years | -72.95% | -16.58% | -56.37% |
Max Drawdown (5Y)Largest decline over 5 years | -75.28% | -34.81% | -40.47% |
Max Drawdown (10Y)Largest decline over 10 years | -97.51% | -42.31% | -55.20% |
Current DrawdownCurrent decline from peak | -99.99% | 0.00% | -99.99% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -9.28% | -88.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 2.65% | +14.31% |
Volatility
DRV vs. PSR - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 16.05% compared to Invesco Active U.S. Real Estate Fund (PSR) at 5.25%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than PSR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | PSR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.05% | 5.25% | +10.80% |
Volatility (6M)Calculated over the trailing 6-month period | 33.48% | 11.08% | +22.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.02% | 14.00% | +29.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.25% | 18.63% | +38.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 20.35% | +42.47% |
DRV vs. PSR - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than PSR's 0.35% expense ratio.
Dividends
DRV vs. PSR - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.05%, more than PSR's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 4.05% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% | 0.00% | 0.00% | 0.00% |
PSR Invesco Active U.S. Real Estate Fund | 2.46% | 2.56% | 3.06% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.60% | 3.20% |
Frequently Asked Questions
DRV and PSR have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (16.05%) compared to PSR (5.25%). In terms of maximum drawdown, DRV dropped -99.99% vs PSR's -42.31%.
On 10-year performance, PSR leads with 5.54% vs -28.36% for DRV. On fees, PSR is cheaper at 0.35% per year. On volatility, PSR has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PSR has performed better with a 5.54% return vs -28.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSR is cheaper with a 0.35% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 4.05%, compared with 2.46% for PSR.
They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.08% for DRV and 0.35% for PSR.
PSR currently has the higher Sharpe Ratio (1.39 vs -0.65), 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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