DRV vs. SRS
Compare and contrast key facts about Direxion Daily Real Estate Bear 3x Shares (DRV) and ProShares UltraShort Real Estate (SRS).
DRV and SRS 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. SRS is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (-200%). It was launched on Jan 30, 2007. Both DRV and SRS 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 SRS.
Key characteristics
| DRV | SRS | |
|---|---|---|
| YTD Return | -21.72% | -13.35% |
| 1Y Return | -53.89% | -38.56% |
| 3Y Return (Ann) | -11.30% | -2.61% |
| 5Y Return (Ann) | -36.74% | -20.03% |
| 10Y Return (Ann) | -32.83% | -19.38% |
| Sharpe Ratio | -1.04 | -1.10 |
| Sortino Ratio | -1.61 | -1.60 |
| Omega Ratio | 0.81 | 0.81 |
| Calmar Ratio | -0.53 | -0.38 |
| Martin Ratio | -1.28 | -1.31 |
| Ulcer Index | 41.18% | 28.69% |
| Daily Std Dev | 51.07% | 34.21% |
| Max Drawdown | -99.99% | -99.96% |
| Current Drawdown | -99.99% | -99.96% |
Correlation
The correlation between DRV and SRS is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DRV vs. SRS - Performance Comparison
In the year-to-date period, DRV achieves a -21.72% return, which is significantly lower than SRS's -13.35% return. Over the past 10 years, DRV has underperformed SRS with an annualized return of -32.83%, while SRS has yielded a comparatively higher -19.38% 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. SRS - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than SRS's 0.95% expense ratio.
Risk-Adjusted Performance
DRV vs. SRS - 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 UltraShort Real Estate (SRS). 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. SRS - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 5.80%, more than SRS's 5.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 5.80% | 5.35% | 0.38% | 0.00% | 0.58% | 1.72% | 0.42% |
SRS ProShares UltraShort Real Estate | 5.32% | 2.29% | 0.30% | 0.00% | 0.05% | 1.52% | 0.32% |
Drawdowns
DRV vs. SRS - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, roughly equal to the maximum SRS drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for DRV and SRS. For additional features, visit the drawdowns tool.
Volatility
DRV vs. SRS - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 17.06% compared to ProShares UltraShort Real Estate (SRS) at 11.74%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than SRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.