DRV vs. XLRI
DRV (Direxion Daily Real Estate Bear 3x Shares) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - DRV is a REIT fund tracking the MSCI US REIT Index (-300%), while XLRI is a Derivative Income fund actively managed by State Street. DRV is passively managed, while XLRI is actively managed. At a correlation of -0.96, they often move in opposite directions. DRV charges 1.08%/yr vs 0.35%/yr for XLRI.
Performance
DRV vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, DRV achieves a -29.93% return, which is significantly lower than XLRI's 6.71% return.
DRV
- 1D
- -4.91%
- 1M
- -4.37%
- YTD
- -29.93%
- 6M
- -30.51%
- 1Y
- -22.15%
- 3Y*
- -27.14%
- 5Y*
- -17.01%
- 10Y*
- -29.40%
XLRI
- 1D
- 1.31%
- 1M
- 1.23%
- YTD
- 6.71%
- 6M
- 7.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRV vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -29.93% | 16.63% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 6.71% | -0.57% |
Correlation
The correlation between DRV and XLRI is -0.96, 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 (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.96 |
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Return for Risk
DRV vs. XLRI — Risk / Return Rank
DRV
XLRI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRV vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bear 3x Shares (DRV) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). 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 | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.94 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | — | — |
| Martin ratioReturn relative to average drawdown | -1.47 | — | — |
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Drawdowns
DRV vs. XLRI - Drawdown Comparison
The maximum DRV drawdown since its inception was -99.99%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for DRV and XLRI.
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Drawdown Indicators
| DRV | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -7.12% | -92.87% |
Max Drawdown (1Y)Largest decline over 1 year | -32.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -71.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -74.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.42% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.54% | -99.45% |
Average DrawdownAverage peak-to-trough decline | -97.75% | -1.65% | -96.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.12% | — | — |
Volatility
DRV vs. XLRI - Volatility Comparison
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Volatility by Period
| DRV | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.89% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.62% | 10.99% | +31.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.12% | 10.99% | +46.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 10.99% | +51.83% |
DRV vs. XLRI - Expense Ratio Comparison
DRV has a 1.08% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
DRV vs. XLRI - Dividend Comparison
DRV's dividend yield for the trailing twelve months is around 4.00%, less than XLRI's 12.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | 4.00% | 2.88% | 4.57% | 5.35% | 0.38% | 0.00% | 0.58% | 1.71% | 0.42% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 12.24% | 6.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRV and XLRI have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLRI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLRI is cheaper with a 0.35% expense ratio, compared with 1.08% for DRV.
XLRI has the higher dividend yield at 12.24%, compared with 4.00% for DRV.
DRV is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.08% for DRV and 0.35% for XLRI.
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