INDS vs. DRN
INDS (Pacer Benchmark Industrial Real Estate SCTR ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds - INDS tracks the Benchmark Industrial Real Estate SCTR Index while DRN tracks the MSCI US REIT Index (300%). Both are passively managed. Over the past 5 years, INDS returned 1.31%/yr vs -10.46%/yr for DRN. Their correlation of 0.86 suggests significant overlap in exposure. INDS charges 0.60%/yr vs 0.99%/yr for DRN.
Performance
INDS vs. DRN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INDS achieves a 10.90% return, which is significantly lower than DRN's 30.45% return.
INDS
- 1D
- 0.39%
- 1M
- 0.98%
- YTD
- 10.90%
- 6M
- 10.40%
- 1Y
- 15.25%
- 3Y*
- 5.42%
- 5Y*
- 1.31%
- 10Y*
- —
DRN
- 1D
- 0.73%
- 1M
- 0.27%
- YTD
- 30.45%
- 6M
- 29.39%
- 1Y
- 19.32%
- 3Y*
- 10.42%
- 5Y*
- -10.46%
- 10Y*
- -4.61%
INDS vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 10.90% | 7.78% | -12.69% | 17.72% | -32.68% | 54.61% | 12.62% | 42.25% | -1.14% |
DRN Direxion Daily Real Estate Bull 3x Shares | 30.45% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -8.04% |
Correlation
The correlation between INDS and DRN is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.86 |
The correlation between INDS and DRN has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INDS vs. DRN — Risk / Return Rank
INDS
DRN
INDS vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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.
| INDS | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.80 | +0.45 |
| Martin ratioReturn relative to average drawdown | 3.77 | 1.78 | +1.98 |
Loading charts...
Drawdowns
INDS vs. DRN - Drawdown Comparison
The maximum INDS drawdown since its inception was -40.17%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for INDS and DRN.
Loading charts...
Drawdown Indicators
| INDS | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -86.32% | +46.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -24.28% | +12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -48.26% | +21.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.17% | -80.58% | +40.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.32% | — |
Current DrawdownCurrent decline from peak | -17.30% | -62.81% | +45.51% |
Average DrawdownAverage peak-to-trough decline | -15.58% | -35.16% | +19.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 10.85% | -6.79% |
Volatility
INDS vs. DRN - Volatility Comparison
The current volatility for Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) is 4.94%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 15.91%. This indicates that INDS experiences smaller price fluctuations and is considered to be less risky than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INDS | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 15.91% | -10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 31.71% | -19.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 41.98% | -25.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.17% | 56.85% | -36.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.06% | 60.75% | -37.69% |
INDS vs. DRN - Expense Ratio Comparison
INDS has a 0.60% expense ratio, which is lower than DRN's 0.99% expense ratio.
Dividends
INDS vs. DRN - Dividend Comparison
INDS's dividend yield for the trailing twelve months is around 3.34%, more than DRN's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.89% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 3.34% | 3.70% | 3.75% | 3.11% | 2.63% | 1.24% | 1.68% | 2.26% | 1.81% | 0.00% |
Frequently Asked Questions
INDS and DRN have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (15.91%) compared to INDS (4.94%). In terms of maximum drawdown, INDS dropped -40.17% vs DRN's -86.32%.
On 5-year performance, INDS leads with 1.31% vs -10.46% for DRN. On fees, INDS is cheaper at 0.60% per year. On volatility, INDS has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, INDS has performed better with a 1.31% return vs -10.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INDS is cheaper with a 0.60% expense ratio, compared with 0.99% for DRN.
INDS has the higher dividend yield at 3.34%, compared with 1.89% for DRN.
INDS tracks Benchmark Industrial Real Estate SCTR Index, while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: Pacer and Direxion. Their fees differ too: 0.60% for INDS and 0.99% for DRN.
INDS currently has the higher Sharpe Ratio (0.94 vs 0.47), 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.
Find the right allocation for INDS and DRN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer