DRV vs. QLD
Compare and contrast key facts about Direxion Daily Real Estate Bear 3x Shares (DRV) and ProShares Ultra QQQ (QLD).
DRV and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both DRV and QLD 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 QLD.
Key characteristics
| DRV | QLD | |
|---|---|---|
| YTD Return | -26.54% | 45.85% |
| 1Y Return | -57.11% | 77.31% |
| 3Y Return (Ann) | -12.83% | 8.05% |
| 5Y Return (Ann) | -37.89% | 32.57% |
| 10Y Return (Ann) | -33.05% | 29.83% |
| Sharpe Ratio | -1.08 | 2.13 |
| Sortino Ratio | -1.73 | 2.61 |
| Omega Ratio | 0.80 | 1.35 |
| Calmar Ratio | -0.55 | 2.34 |
| Martin Ratio | -1.33 | 9.29 |
| Ulcer Index | 41.38% | 8.01% |
| Daily Std Dev | 51.10% | 34.98% |
| Max Drawdown | -99.99% | -83.13% |
| Current Drawdown | -99.99% | 0.00% |
Correlation
The correlation between DRV and QLD is -0.52. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DRV vs. QLD - Performance Comparison
In the year-to-date period, DRV achieves a -26.54% return, which is significantly lower than QLD's 45.85% return. Over the past 10 years, DRV has underperformed QLD with an annualized return of -33.05%, while QLD has yielded a comparatively higher 29.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRV vs. QLD - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
DRV vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and ProShares Ultra QQQ (QLD). 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.
Dividends
DRV vs. QLD - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 6.18%, more than QLD's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 6.18% | 5.35% | 0.38% | 0.00% | 0.58% | 1.72% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
DRV vs. QLD - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for DRV and QLD. For additional features, visit the drawdowns tool.
Volatility
DRV vs. QLD - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 16.89% compared to ProShares Ultra QQQ (QLD) at 10.33%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.