ITB vs. DRN
Compare and contrast key facts about iShares U.S. Home Construction ETF (ITB) and Direxion Daily Real Estate Bull 3x Shares (DRN).
ITB and DRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. DRN is a passively managed fund by Direxion that tracks the performance of the MSCI US REIT Index (300%). It was launched on Jul 16, 2009. Both ITB and DRN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITB or DRN.
Key characteristics
| ITB | DRN | |
|---|---|---|
| YTD Return | 4.96% | -24.91% |
| 1Y Return | 41.10% | -10.83% |
| 3Y Return (Ann) | 12.20% | -23.18% |
| 5Y Return (Ann) | 23.67% | -17.90% |
| 10Y Return (Ann) | 17.11% | -3.77% |
| Sharpe Ratio | 1.64 | -0.21 |
| Daily Std Dev | 25.03% | 54.77% |
| Max Drawdown | -86.53% | -86.32% |
| Current Drawdown | -7.89% | -74.53% |
Correlation
The correlation between ITB and DRN is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ITB vs. DRN - Performance Comparison
In the year-to-date period, ITB achieves a 4.96% return, which is significantly higher than DRN's -24.91% return. Over the past 10 years, ITB has outperformed DRN with an annualized return of 17.11%, while DRN has yielded a comparatively lower -3.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ITB vs. DRN - Expense Ratio Comparison
ITB has a 0.42% expense ratio, which is lower than DRN's 0.99% expense ratio.
Risk-Adjusted Performance
ITB vs. DRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.
Dividends
ITB vs. DRN - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.46%, less than DRN's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
DRN Direxion Daily Real Estate Bull 3x Shares | 3.14% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITB vs. DRN - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, roughly equal to the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for ITB and DRN. For additional features, visit the drawdowns tool.
Volatility
ITB vs. DRN - Volatility Comparison
The current volatility for iShares U.S. Home Construction ETF (ITB) is 7.61%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 18.38%. This indicates that ITB 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.