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. Over the past year, DRV returned -28.22% vs 10.59% for XLRI. Their -0.96 correlation means they have often moved in opposite directions in the past. 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 -31.44% return, which is significantly lower than XLRI's 8.45% 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%
XLRI
- 1D
- 0.16%
- 1M
- 1.35%
- 6M
- 6.08%
- YTD
- 8.45%
- 1Y
- 10.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36M | $3.03M | $2.54M | |
| $84.19K | $69.65K | $65.16K |
DRV vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRV Direxion Daily Real Estate Bear 3x Shares | -31.44% | 16.63% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 8.45% | -0.57% |
Correlation
The correlation between DRV and XLRI is -0.96, 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. | -0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | -0.96 |
The correlation between DRV and XLRI has been stable across timeframes, ranging from -0.96 to -0.96 - a consistent structural relationship.
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Return for Risk
DRV vs. XLRI — Risk / Return Rank
DRV
XLRI
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 | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.18 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 1.48 | -2.21 |
| Martin ratioReturn relative to average drawdown | -1.49 | 5.18 | -6.67 |
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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 | -37.53% | -7.12% | -30.41% |
Max Drawdown (3Y)Largest decline over 3 years | -73.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -97.60% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.62% | -99.37% |
Average DrawdownAverage peak-to-trough decline | -97.77% | -1.54% | -96.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.46% | 2.03% | +16.43% |
Volatility
DRV vs. XLRI - Volatility Comparison
Direxion Daily Real Estate Bear 3x Shares (DRV) has a higher volatility of 13.26% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.42%. This indicates that DRV's price experiences larger fluctuations and is considered to be riskier than XLRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRV | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 3.42% | +9.84% |
Volatility (6M)Calculated over the trailing 6-month period | 33.11% | 8.72% | +24.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.46% | 11.09% | +31.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.15% | 11.11% | +46.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.84% | 11.11% | +51.73% |
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 3.94%, less than XLRI's 13.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 13.52% | 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.
DRV has higher volatility (13.26%) compared to XLRI (3.42%). In terms of maximum drawdown, DRV dropped -99.99% vs XLRI's -7.12%.
On 1-year performance, XLRI leads with 10.59% vs -28.22% for DRV. On fees, XLRI is cheaper at 0.35% per year. On volatility, XLRI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLRI has performed better with a 10.59% return vs -28.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRI is cheaper with a 0.35% expense ratio, compared with 1.08% for DRV.
XLRI has the higher dividend yield at 13.52%, compared with 3.94% 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.
XLRI currently has the higher Sharpe Ratio (0.96 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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