ITB vs. DRN

Last updated Apr 2, 2026

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.

Performance

ITB vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Home Construction ETF (ITB) and Direxion Daily Real Estate Bull 3x Shares (DRN). The values are adjusted to include any dividend payments, if applicable.

ITB vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITB iShares U.S. Home Construction ETF	-5.30%	-5.26%	2.06%	68.91%	-26.26%	49.25%	26.42%	48.70%	-30.92%	59.65%
DRN Direxion Daily Real Estate Bull 3x Shares	2.36%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	7.50%

Returns By Period

In the year-to-date period, ITB achieves a -5.30% return, which is significantly lower than DRN's 2.36% return. Over the past 10 years, ITB has outperformed DRN with an annualized return of 13.64%, while DRN has yielded a comparatively lower -6.42% annualized return.

ITB

• 1D: 0.52%
• 1M: -13.12%
• YTD: -5.30%
• 6M: -15.52%
• 1Y: -3.26%
• 3Y*: 9.99%
• 5Y*: 6.46%
• 10Y*: 13.64%

DRN

• 1D: 0.93%
• 1M: -18.42%
• YTD: 2.36%
• 6M: -10.39%
• 1Y: -14.15%
• 3Y*: -0.74%
• 5Y*: -9.58%
• 10Y*: -6.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITB vs. DRN - Expense Ratio Comparison

ITB has a 0.42% expense ratio, which is lower than DRN's 0.99% expense ratio.

DRN

Direxion Daily Real Estate Bull 3x Shares

ITB

iShares U.S. Home Construction ETF

Return for Risk

ITB vs. DRN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITB

ITB Risk / Return Rank: 10
ITB Sharpe Ratio Rank: 9
ITB Sortino Ratio Rank: 10
ITB Omega Ratio Rank: 10
ITB Calmar Ratio Rank: 10
ITB Martin Ratio Rank: 10

DRN

DRN Risk / Return Rank: 6
DRN Sharpe Ratio Rank: 7
DRN Sortino Ratio Rank: 8
DRN Omega Ratio Rank: 8
DRN Calmar Ratio Rank: 5
DRN Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITB vs. DRN - Risk-Adjusted Trends 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.

	ITB	DRN	Difference
Sharpe ratio Return per unit of total volatility	-0.11	-0.29	+0.19
Sortino ratio Return per unit of downside risk	0.07	-0.10	+0.16
Omega ratio Gain probability vs. loss probability	1.01	0.99	+0.02
Calmar ratio Return relative to maximum drawdown	-0.13	-0.43	+0.29
Martin ratio Return relative to average drawdown	-0.31	-1.13	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITB vs. DRN - Sharpe Ratio Comparison

The current ITB Sharpe Ratio is -0.11, which is higher than the DRN Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of ITB and DRN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ITB	DRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	-0.29	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	-0.17	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	-0.11	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.19	-0.09

Correlation

The correlation between ITB and DRN is 0.57, 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.

Dividends

ITB vs. DRN - Dividend Comparison

ITB's dividend yield for the trailing twelve months is around 1.25%, less than DRN's 2.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITB iShares U.S. Home Construction ETF	1.25%	1.67%	0.46%	0.48%	0.86%	0.37%	0.46%	0.50%	0.63%	0.28%	0.43%	0.34%
DRN Direxion Daily Real Estate Bull 3x Shares	2.60%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%	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.

Drawdown Indicators

	ITB	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-86.53%	-86.32%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-24.45%	-32.57%	+8.12%
Max Drawdown (5Y) Largest decline over 5 years	-40.55%	-80.58%	+40.03%
Max Drawdown (10Y) Largest decline over 10 years	-52.10%	-86.32%	+34.22%
Current Drawdown Current decline from peak	-28.21%	-70.82%	+42.61%
Average Drawdown Average peak-to-trough decline	-37.20%	-34.77%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.53%	12.25%	-1.72%

Volatility

ITB vs. DRN - Volatility Comparison

The current volatility for iShares U.S. Home Construction ETF (ITB) is 8.02%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 13.99%. 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.

Volatility by Period

	ITB	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.02%	13.99%	-5.97%
Volatility (6M) Calculated over the trailing 6-month period	19.22%	28.59%	-9.37%
Volatility (1Y) Calculated over the trailing 1-year period	30.43%	48.51%	-18.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.07%	56.62%	-27.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.81%	60.61%	-30.80%