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 -27.93%/yr vs 2.51%/yr for WTRE. Their -0.63 correlation means they have often moved in opposite directions in the past. 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 -31.44% return, which is significantly lower than WTRE's 13.80% return. Over the past 10 years, DRV has underperformed WTRE with an annualized return of -27.93%, while WTRE has yielded a comparatively higher 2.51% annualized return.
DRV
- 1D
- 1.83%
- 1M
- -2.68%
- 6M
- -25.85%
- YTD
- -31.44%
- 1Y
- -28.22%
- 3Y*
- -23.26%
- 5Y*
- -15.14%
- 10Y*
- -27.93%
- ALL TIME*
- -43.10%
WTRE
- 1D
- -0.59%
- 1M
- -0.78%
- 6M
- 4.93%
- YTD
- 13.80%
- 1Y
- 29.01%
- 3Y*
- 14.06%
- 5Y*
- 0.78%
- 10Y*
- 2.51%
- ALL TIME*
- 1.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $45.60K | $41.07K | $72.55K |
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 | -31.44% | -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 | 13.80% | 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 -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.38 |
Correlation (3Y) Balances recent behavior with more history. | -0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | -0.63 |
Over the past year, the inverse relationship between DRV and WTRE has weakened: their correlation has moved from -0.63 to -0.38, meaning they move in opposite directions less often than they have historically.
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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 | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.23 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.95 | -2.68 |
| Martin ratioReturn relative to average drawdown | -1.49 | 4.59 | -6.09 |
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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 | -37.53% | -14.22% | -23.31% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | -22.14% | -51.75% |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | -42.52% | -33.61% |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | -48.47% | -49.13% |
Current DrawdownCurrent decline from peak | -99.99% | -10.20% | -89.79% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -24.84% | -72.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 6.01% | +12.45% |
Volatility
DRV vs. WTRE - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 13.26% compared to WisdomTree New Economy Real Estate ETF (WTRE) at 5.40%. 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 | 13.26% | 5.40% | +7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 16.00% | +17.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 20.73% | +21.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 19.52% | +37.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 18.45% | +44.39% |
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 3.94%, more than WTRE's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 3.94% | 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 | 2.36% | 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 -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRV has higher volatility (13.26%) compared to WTRE (5.40%). In terms of maximum drawdown, DRV dropped -99.99% vs WTRE's -74.18%.
On 10-year performance, WTRE leads with 2.51% vs -27.93% for DRV. On fees, WTRE is cheaper at 0.58% per year. On volatility, WTRE has been the lower-risk option at 5.40%. 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 2.51% return vs -27.93%. 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 3.94%, compared with 2.36% 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 -0.66), 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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