DRV vs. SRVR
DRV (Direxion Daily Real Estate Bear 3x Shares) and SRVR (Pacer Data & Infrastructure Real Estate ETF) are both REIT funds - DRV tracks the MSCI US REIT Index (-300%) while SRVR tracks the FTSE Nareit All Equity REITs Index. Both are passively managed. Over the past 5 years, DRV returned -16.17%/yr vs -3.67%/yr for SRVR. At a correlation of -0.79, they often move in opposite directions. DRV charges 1.08%/yr vs 0.49%/yr for SRVR.
Performance
DRV vs. SRVR - 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 SRVR's 6.87% 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%
SRVR
- 1D
- -1.78%
- 1M
- -10.64%
- 6M
- 0.07%
- YTD
- 6.87%
- 1Y
- -4.54%
- 3Y*
- 3.89%
- 5Y*
- -3.67%
- 10Y*
- —
DRV vs. SRVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -33.29% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | -10.49% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 6.87% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
Correlation
The correlation between DRV and SRVR is -0.58, 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 | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | -0.79 |
Over the past year, the inverse relationship between DRV and SRVR has weakened: their correlation has moved from -0.79 to -0.58, meaning they move in opposite directions less often than they have historically.
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Return for Risk
DRV vs. SRVR — Risk / Return Rank
DRV
SRVR
DRV vs. SRVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and Pacer Data & Infrastructure Real Estate ETF (SRVR). 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 | SRVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.97 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.30 | -0.49 |
| Martin ratioReturn relative to average drawdown | -1.65 | -0.60 | -1.05 |
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Drawdowns
DRV vs. SRVR - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than SRVR's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for DRV and SRVR.
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Drawdown Indicators
| DRV | SRVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -40.99% | -59.00% |
Max Drawdown (1Y)Largest decline over 1 year | -35.30% | -14.98% | -20.32% |
Max Drawdown (3Y)Largest decline over 3 years | -72.95% | -18.34% | -54.61% |
Max Drawdown (5Y)Largest decline over 5 years | -75.28% | -40.99% | -34.29% |
Max Drawdown (10Y)Largest decline over 10 years | -97.51% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -21.75% | -78.24% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -15.27% | -82.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 7.55% | +9.41% |
Volatility
DRV vs. SRVR - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 16.05% compared to Pacer Data & Infrastructure Real Estate ETF (SRVR) at 4.22%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than SRVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | SRVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.05% | 4.22% | +11.83% |
Volatility (6M)Calculated over the trailing 6-month period | 33.48% | 14.02% | +19.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.02% | 17.29% | +25.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.25% | 19.85% | +37.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 21.41% | +41.41% |
DRV vs. SRVR - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than SRVR's 0.49% expense ratio.
Dividends
DRV vs. SRVR - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.05%, more than SRVR's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.86% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% |
Frequently Asked Questions
DRV and SRVR have a correlation of -0.58, 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 SRVR (4.22%). In terms of maximum drawdown, DRV dropped -99.99% vs SRVR's -40.99%.
On 5-year performance, SRVR leads with -3.67% vs -16.17% for DRV. On fees, SRVR is cheaper at 0.49% per year. On volatility, SRVR has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SRVR has performed better with a -3.67% return vs -16.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRVR is cheaper with a 0.49% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 4.05%, compared with 2.86% for SRVR.
DRV tracks MSCI US REIT Index (-300%), while SRVR tracks FTSE Nareit All Equity REITs Index. They also come from different issuers: Direxion and Pacer. Their fees differ too: 1.08% for DRV and 0.49% for SRVR.
SRVR currently has the higher Sharpe Ratio (-0.26 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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