DRV vs. QQQE
DRV (Direxion Daily Real Estate Bear 3x Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 10 years, DRV returned -29.40%/yr vs 15.77%/yr for QQQE. At a correlation of -0.49, they often move in opposite directions. DRV charges 1.08%/yr vs 0.35%/yr for QQQE.
Performance
DRV vs. QQQE - 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 QQQE's 16.25% return. Over the past 10 years, DRV has underperformed QQQE with an annualized return of -29.40%, while QQQE has yielded a comparatively higher 15.77% annualized 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%
QQQE
- 1D
- -2.31%
- 1M
- 1.82%
- YTD
- 16.25%
- 6M
- 14.96%
- 1Y
- 24.99%
- 3Y*
- 17.55%
- 5Y*
- 9.11%
- 10Y*
- 15.77%
DRV vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.93% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 16.25% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 26.53% |
Correlation
The correlation between DRV and QQQE is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | -0.49 |
Over the past year, the inverse relationship between DRV and QQQE has weakened: their correlation has moved from -0.49 to -0.28, meaning they move in opposite directions less often than they have historically.
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Return for Risk
DRV vs. QQQE — Risk / Return Rank
DRV
QQQE
DRV vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.67 | -3.34 |
| Martin ratioReturn relative to average drawdown | -1.47 | 8.96 | -10.42 |
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Drawdowns
DRV vs. QQQE - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for DRV and QQQE.
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Drawdown Indicators
| DRV | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -32.14% | -67.85% |
Max Drawdown (1Y)Largest decline over 1 year | -32.86% | -9.41% | -23.45% |
Max Drawdown (3Y)Largest decline over 3 years | -71.93% | -21.38% | -50.55% |
Max Drawdown (5Y)Largest decline over 5 years | -74.35% | -32.14% | -42.21% |
Max Drawdown (10Y)Largest decline over 10 years | -97.42% | -32.14% | -65.28% |
Current DrawdownCurrent decline from peak | -99.99% | -3.24% | -96.75% |
Average DrawdownAverage peak-to-trough decline | -97.75% | -5.16% | -92.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | 2.80% | +12.32% |
Volatility
DRV vs. QQQE - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 16.42% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 8.11%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.42% | 8.11% | +8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 31.89% | 12.74% | +19.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.62% | 15.68% | +26.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.12% | 20.55% | +36.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 20.80% | +42.02% |
DRV vs. QQQE - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
DRV vs. QQQE - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.00%, more than QQQE's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.53% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
DRV and QQQE have a correlation of -0.28, 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 QQQE (8.11%). In terms of maximum drawdown, DRV dropped -99.99% vs QQQE's -32.14%.
On 10-year performance, QQQE leads with 15.77% vs -29.40% for DRV. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 8.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQE has performed better with a 15.77% return vs -29.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 4.00%, compared with 0.53% for QQQE.
DRV is categorized as REIT, while QQQE is Nasdaq-100. DRV tracks MSCI US REIT Index (-300%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.08% for DRV and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.60 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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