DRV vs. SRVR
DRV (Direxion Daily Real Estate Bear 3x Shares) and SRVR (Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF) are both REIT funds - DRV tracks the MSCI US REIT Index (-300%) while SRVR tracks the Benchmark Data & Infrastructure Real Estate SCTR Index. Both are passively managed. Over the past 5 years, DRV returned -15.28%/yr vs -0.81%/yr for SRVR. At a correlation of -0.80, they often move in opposite directions. DRV charges 1.08%/yr vs 0.60%/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 -21.17% return, which is significantly lower than SRVR's 19.79% 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%
SRVR
- 1D
- -1.79%
- 1M
- -2.74%
- YTD
- 19.79%
- 6M
- 20.69%
- 1Y
- 11.19%
- 3Y*
- 8.85%
- 5Y*
- -0.81%
- 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 | -21.17% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | -11.64% |
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 19.79% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.51% |
Correlation
The correlation between DRV and SRVR is -0.67, 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 | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.84 |
Correlation (All Time) Calculated using the full available price history since May 17, 2018 | -0.80 |
The correlation between DRV and SRVR shifts across timeframes, from -0.84 (5 years) to -0.67 (1 year), reflecting how their relationship changes across market environments.
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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 Benchmark Data & Infrastructure Real Estate SCTR 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.
| DRV | SRVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.13 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.76 | -1.32 |
| Martin ratioReturn relative to average drawdown | -1.24 | 1.64 | -2.88 |
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 | SRVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 0.67 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.04 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.30 | -0.98 |
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 | -30.02% | -14.78% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -70.74% | -18.34% | -52.40% |
Max Drawdown (5Y)Largest decline over 5 years | -73.26% | -40.99% | -32.27% |
Max Drawdown (10Y)Largest decline over 10 years | -97.31% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -12.28% | -87.71% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -15.27% | -82.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.53% | 6.83% | +6.70% |
Volatility
DRV vs. SRVR - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 11.51% compared to Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) at 5.47%. 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 | 11.51% | 5.47% | +6.04% |
Volatility (6M)Calculated over the trailing 6-month period | 28.83% | 13.12% | +15.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.37% | 16.72% | +23.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.91% | 19.71% | +37.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.65% | 21.44% | +41.21% |
DRV vs. SRVR - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than SRVR's 0.60% expense ratio.
Dividends
DRV vs. SRVR - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.56%, more than SRVR's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 2.70% | 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 -0.67, 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 SRVR (5.47%). In terms of maximum drawdown, DRV dropped -99.99% vs SRVR's -40.99%.
On 5-year performance, SRVR leads with -0.81% vs -15.28% for DRV. On fees, SRVR is cheaper at 0.60% per year. On volatility, SRVR has been the lower-risk option at 5.47%. 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 -0.81% return vs -15.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRVR is cheaper with a 0.60% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.56%, compared with 2.70% for SRVR.
DRV tracks MSCI US REIT Index (-300%), while SRVR tracks Benchmark Data & Infrastructure Real Estate SCTR Index. They also come from different issuers: Direxion and Pacer. Their fees differ too: 1.08% for DRV and 0.60% for SRVR.
SRVR currently has the higher Sharpe Ratio (0.67 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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