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PAVE vs. DRN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PAVE and DRN is 0.54, 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.


-0.50.00.51.00.5

Performance

PAVE vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X US Infrastructure Development ETF (PAVE) and Direxion Daily Real Estate Bull 3x Shares (DRN). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
191.71%
-41.60%
PAVE
DRN

Key characteristics

Sharpe Ratio

PAVE:

1.16

DRN:

-0.03

Sortino Ratio

PAVE:

1.73

DRN:

0.29

Omega Ratio

PAVE:

1.21

DRN:

1.04

Calmar Ratio

PAVE:

1.94

DRN:

-0.02

Martin Ratio

PAVE:

5.84

DRN:

-0.11

Ulcer Index

PAVE:

3.76%

DRN:

15.95%

Daily Std Dev

PAVE:

18.96%

DRN:

48.94%

Max Drawdown

PAVE:

-44.08%

DRN:

-86.32%

Current Drawdown

PAVE:

-10.60%

DRN:

-68.45%

Returns By Period

In the year-to-date period, PAVE achieves a 19.47% return, which is significantly higher than DRN's -6.96% return.


PAVE

YTD

19.47%

1M

-6.72%

6M

10.02%

1Y

20.50%

5Y*

18.86%

10Y*

N/A

DRN

YTD

-6.96%

1M

-19.08%

6M

13.46%

1Y

-3.79%

5Y*

-16.88%

10Y*

-5.17%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PAVE vs. DRN - Expense Ratio Comparison

PAVE has a 0.47% expense ratio, which is lower than DRN's 0.99% expense ratio.


DRN
Direxion Daily Real Estate Bull 3x Shares
Expense ratio chart for DRN: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for PAVE: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Risk-Adjusted Performance

PAVE vs. DRN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) 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.


Sharpe ratio
The chart of Sharpe ratio for PAVE, currently valued at 1.16, compared to the broader market0.002.004.001.16-0.03
The chart of Sortino ratio for PAVE, currently valued at 1.73, compared to the broader market-2.000.002.004.006.008.0010.001.730.29
The chart of Omega ratio for PAVE, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.04
The chart of Calmar ratio for PAVE, currently valued at 1.94, compared to the broader market0.005.0010.0015.001.94-0.02
The chart of Martin ratio for PAVE, currently valued at 5.84, compared to the broader market0.0020.0040.0060.0080.00100.005.84-0.11
PAVE
DRN

The current PAVE Sharpe Ratio is 1.16, which is higher than the DRN Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of PAVE 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.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.16
-0.03
PAVE
DRN

Dividends

PAVE vs. DRN - Dividend Comparison

PAVE's dividend yield for the trailing twelve months is around 0.57%, less than DRN's 1.82% yield.


TTM2023202220212020201920182017
PAVE
Global X US Infrastructure Development ETF
0.57%0.68%0.84%0.48%0.44%0.67%0.78%0.30%
DRN
Direxion Daily Real Estate Bull 3x Shares
1.82%2.84%2.70%4.21%1.91%2.59%3.12%0.92%

Drawdowns

PAVE vs. DRN - Drawdown Comparison

The maximum PAVE drawdown since its inception was -44.08%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for PAVE and DRN. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-10.60%
-68.45%
PAVE
DRN

Volatility

PAVE vs. DRN - Volatility Comparison

The current volatility for Global X US Infrastructure Development ETF (PAVE) is 5.32%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 17.44%. This indicates that PAVE 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.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
5.32%
17.44%
PAVE
DRN
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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