DRV vs. SCHH
DRV (Direxion Daily Real Estate Bear 3x Shares) and SCHH (Schwab US REIT ETF) are both REIT funds - DRV tracks the MSCI US REIT Index (-300%) while SCHH tracks the Dow Jones U.S. Select REIT Index. Both are passively managed. Over the past 10 years, DRV returned -28.88%/yr vs 4.02%/yr for SCHH. At a correlation of -0.99, they often move in opposite directions. DRV charges 1.08%/yr vs 0.07%/yr for SCHH.
Performance
DRV vs. SCHH - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -21.17% return, which is significantly lower than SCHH's 11.08% return. Over the past 10 years, DRV has underperformed SCHH with an annualized return of -28.88%, while SCHH has yielded a comparatively higher 4.02% annualized return.
DRV
- 1D
- -0.19%
- 1M
- 4.49%
- YTD
- -21.17%
- 6M
- -18.62%
- 1Y
- -16.69%
- 3Y*
- -22.80%
- 5Y*
- -15.28%
- 10Y*
- -28.88%
SCHH
- 1D
- 0.04%
- 1M
- -0.69%
- YTD
- 11.08%
- 6M
- 10.11%
- 1Y
- 12.09%
- 3Y*
- 9.83%
- 5Y*
- 2.95%
- 10Y*
- 4.02%
DRV vs. SCHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -21.17% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
SCHH Schwab US REIT ETF | 11.08% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
Correlation
The correlation between DRV and SCHH 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 | -0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011 | -0.99 |
The correlation between DRV and SCHH has been stable across timeframes, ranging from -0.99 to -0.96 - a consistent structural relationship.
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Return for Risk
DRV vs. SCHH — Risk / Return Rank
DRV
SCHH
DRV vs. SCHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Schwab US REIT ETF (SCHH). 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.
| DRV | SCHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.17 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 1.47 | -2.02 |
| Martin ratioReturn relative to average drawdown | -1.24 | 4.62 | -5.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRV | SCHH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 0.92 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.16 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.46 | 0.19 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.34 | -1.02 |
Drawdowns
DRV vs. SCHH - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than SCHH's maximum drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for DRV and SCHH.
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Drawdown Indicators
| DRV | SCHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -44.22% | -55.77% |
Max Drawdown (1Y)Largest decline over 1 year | -30.02% | -8.28% | -21.74% |
Max Drawdown (3Y)Largest decline over 3 years | -70.74% | -17.76% | -52.98% |
Max Drawdown (5Y)Largest decline over 5 years | -73.26% | -33.28% | -39.98% |
Max Drawdown (10Y)Largest decline over 10 years | -97.31% | -44.22% | -53.09% |
Current DrawdownCurrent decline from peak | -99.99% | -3.19% | -96.80% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -9.45% | -88.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.53% | 2.62% | +10.91% |
Volatility
DRV vs. SCHH - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 11.51% compared to Schwab US REIT ETF (SCHH) at 3.82%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than SCHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | SCHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.51% | 3.82% | +7.69% |
Volatility (6M)Calculated over the trailing 6-month period | 28.83% | 9.48% | +19.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.37% | 13.17% | +27.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.91% | 18.70% | +38.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.65% | 20.97% | +41.68% |
DRV vs. SCHH - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than SCHH's 0.07% expense ratio.
Dividends
DRV vs. SCHH - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.56%, more than SCHH's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.56% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% | 0.00% | 0.00% | 0.00% |
SCHH Schwab US REIT ETF | 2.82% | 3.04% | 3.22% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.64% | 2.22% | 2.81% | 2.48% |
Frequently Asked Questions
DRV and SCHH 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 (11.51%) compared to SCHH (3.82%). In terms of maximum drawdown, DRV dropped -99.99% vs SCHH's -44.22%.
On 10-year performance, SCHH leads with 4.02% vs -28.88% for DRV. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHH has performed better with a 4.02% return vs -28.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHH is cheaper with a 0.07% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.56%, compared with 2.82% for SCHH.
DRV tracks MSCI US REIT Index (-300%), while SCHH tracks Dow Jones U.S. Select REIT Index. They also come from different issuers: Direxion and Charles Schwab. Their fees differ too: 1.08% for DRV and 0.07% for SCHH.
SCHH currently has the higher Sharpe Ratio (0.92 vs -0.41), 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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