DRV vs. WTRE
DRV (Direxion Daily Real Estate Bear 3x Shares) and WTRE (WisdomTree New Economy Real Estate ETF) are both REIT funds - DRV tracks the MSCI US REIT Index (-300%) while WTRE tracks the CenterSquare New Economy Real Estate Index. Both are passively managed. Over the past 10 years, DRV returned -28.03%/yr vs 2.63%/yr for WTRE. At a correlation of -0.63, they often move in opposite directions. DRV charges 1.08%/yr vs 0.58%/yr for WTRE.
Performance
DRV vs. WTRE - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -29.68% return, which is significantly lower than WTRE's 13.07% return. Over the past 10 years, DRV has underperformed WTRE with an annualized return of -28.03%, while WTRE has yielded a comparatively higher 2.63% annualized return.
DRV
- 1D
- -1.61%
- 1M
- 1.58%
- 6M
- -28.36%
- YTD
- -29.68%
- 1Y
- -24.84%
- 3Y*
- -21.19%
- 5Y*
- -15.39%
- 10Y*
- -28.03%
WTRE
- 1D
- -1.40%
- 1M
- -6.93%
- 6M
- 6.32%
- YTD
- 13.07%
- 1Y
- 27.24%
- 3Y*
- 13.42%
- 5Y*
- 0.28%
- 10Y*
- 2.63%
DRV vs. WTRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.68% | -7.27% | -10.50% | -33.74% | 68.51% | -68.77% | -60.48% | -51.70% | 5.07% | -17.10% |
WTRE WisdomTree New Economy Real Estate ETF | 13.07% | 26.36% | -3.27% | 14.07% | -31.68% | 1.00% | -15.74% | 22.28% | -11.21% | 37.80% |
Correlation
The correlation between DRV and WTRE is -0.43, 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 | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | -0.63 |
The correlation between DRV and WTRE shifts across timeframes, from -0.75 (5 years) to -0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRV vs. WTRE — Risk / Return Rank
DRV
WTRE
DRV vs. WTRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and WisdomTree New Economy Real Estate ETF (WTRE). 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 | WTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.92 | -2.65 |
| Martin ratioReturn relative to average drawdown | -1.50 | 4.91 | -6.41 |
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Drawdowns
DRV vs. WTRE - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than WTRE's maximum drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for DRV and WTRE.
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Drawdown Indicators
| DRV | WTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -74.18% | -25.81% |
Max Drawdown (1Y)Largest decline over 1 year | -34.33% | -14.22% | -20.11% |
Max Drawdown (3Y)Largest decline over 3 years | -72.55% | -22.14% | -50.41% |
Max Drawdown (5Y)Largest decline over 5 years | -74.91% | -42.52% | -32.39% |
Max Drawdown (10Y)Largest decline over 10 years | -97.48% | -48.47% | -49.01% |
Current DrawdownCurrent decline from peak | -99.99% | -10.79% | -89.20% |
Average DrawdownAverage peak-to-trough decline | -97.76% | -24.88% | -72.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.61% | 5.56% | +11.05% |
Volatility
DRV vs. WTRE - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 15.36% compared to WisdomTree New Economy Real Estate ETF (WTRE) at 4.35%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than WTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | WTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.36% | 4.35% | +11.01% |
Volatility (6M)Calculated over the trailing 6-month period | 33.01% | 16.01% | +17.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.85% | 20.51% | +22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.20% | 19.43% | +37.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 18.40% | +44.42% |
DRV vs. WTRE - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than WTRE's 0.58% expense ratio.
Dividends
DRV vs. WTRE - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 3.84%, more than WTRE's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.84% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% | 0.00% | 0.00% | 0.00% |
WTRE WisdomTree New Economy Real Estate ETF | 2.37% | 2.33% | 2.69% | 2.05% | 1.68% | 6.47% | 2.96% | 7.88% | 4.49% | 6.34% | 5.96% | 4.58% |
Frequently Asked Questions
DRV and WTRE have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (15.36%) compared to WTRE (4.35%). In terms of maximum drawdown, DRV dropped -99.99% vs WTRE's -74.18%.
On 10-year performance, WTRE leads with 2.63% vs -28.03% for DRV. On fees, WTRE is cheaper at 0.58% per year. On volatility, WTRE has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, WTRE has performed better with a 2.63% return vs -28.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTRE is cheaper with a 0.58% expense ratio, compared with 1.08% for DRV.
DRV has the higher dividend yield at 3.84%, compared with 2.37% for WTRE.
DRV tracks MSCI US REIT Index (-300%), while WTRE tracks CenterSquare New Economy Real Estate Index. They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 1.08% for DRV and 0.58% for WTRE.
WTRE currently has the higher Sharpe Ratio (1.34 vs -0.58), 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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