RETL vs. DPST

Last updated Jun 10, 2026

RETL (Direxion Daily Retail Bull 3X Shares) and DPST (Direxion Daily Regional Banks Bull 3X Shares) are both Leveraged Equities funds from Direxion - RETL tracks the Russell 1000 Retail Index (300%) while DPST tracks the Solactive US Regional Banks Total Return Index (300%). Both are passively managed. Over the past 10 years, RETL returned -4.81%/yr vs -13.52%/yr for DPST. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

RETL vs. DPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Retail Bull 3X Shares (RETL) and Direxion Daily Regional Banks Bull 3X Shares (DPST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RETL achieves a -9.84% return, which is significantly lower than DPST's 21.10% return. Over the past 10 years, RETL has outperformed DPST with an annualized return of -4.81%, while DPST has yielded a comparatively lower -13.52% annualized return.

RETL

• 1D: 3.62%
• 1M: -1.54%
• YTD: -9.84%
• 6M: -14.30%
• 1Y: 2.36%
• 3Y*: 10.90%
• 5Y*: -28.08%
• 10Y*: -4.81%

DPST

• 1D: 4.08%
• 1M: 4.19%
• YTD: 21.10%
• 6M: 22.35%
• 1Y: 51.95%
• 3Y*: 25.97%
• 5Y*: -22.86%
• 10Y*: -13.52%

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

RETL vs. DPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RETL Direxion Daily Retail Bull 3X Shares	-9.84%	-5.98%	9.59%	33.62%	-80.80%	101.03%	63.63%	23.41%	-35.21%	-1.31%
DPST Direxion Daily Regional Banks Bull 3X Shares	21.10%	-5.90%	15.48%	-55.79%	-54.10%	108.31%	-76.53%	70.65%	-56.75%	7.28%

Correlation

The correlation between RETL and DPST is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.61

The correlation between RETL and DPST has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

RETL vs. DPST - Sectors Allocation Comparison

Sectors	RETL	DPST
Consumer Cyclical	14.0%	-
Consumer Defensive	3.9%	-
Communication Services	0.3%	-
Technology	0.3%	-
Healthcare	0.3%	-
Energy	0.3%	-
Basic Materials	-	-
Financial Services	-	100.0%
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

RETL vs. DPST — Risk / Return Rank

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

RETL

RETL Risk / Return Rank: 11
RETL Sharpe Ratio Rank: 10
RETL Sortino Ratio Rank: 13
RETL Omega Ratio Rank: 13
RETL Calmar Ratio Rank: 10
RETL Martin Ratio Rank: 10

DPST

DPST Risk / Return Rank: 27
DPST Sharpe Ratio Rank: 24
DPST Sortino Ratio Rank: 28
DPST Omega Ratio Rank: 30
DPST Calmar Ratio Rank: 29
DPST Martin Ratio Rank: 24

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.

RETL vs. DPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) and Direxion Daily Regional Banks Bull 3X Shares (DPST). 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.

	RETL	DPST	Difference
Sharpe ratio: Return per unit of total volatility	0.04	0.75	-0.71
Sortino ratio: Return per unit of downside risk	0.51	1.39	-0.89
Omega ratio: Gain probability vs. loss probability	1.06	1.18	-0.12
Calmar ratio: Return relative to maximum drawdown	0.06	1.29	-1.23
Martin ratio: Return relative to average drawdown	0.13	2.87	-2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RETL vs. DPST - Sharpe Ratio Comparison

The current RETL Sharpe Ratio is 0.04, which is lower than the DPST Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of RETL and DPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RETL	DPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	0.75	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	-0.26	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	-0.14	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.16	+0.36

Drawdowns

RETL vs. DPST - Drawdown Comparison

The maximum RETL drawdown since its inception was -92.00%, smaller than the maximum DPST drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for RETL and DPST.

Drawdown Indicators

	RETL	DPST	Difference
Max Drawdown Largest peak-to-trough decline	-92.00%	-97.73%	+5.73%
Max Drawdown (1Y) Largest decline over 1 year	-38.08%	-40.44%	+2.36%
Max Drawdown (3Y) Largest decline over 3 years	-62.72%	-68.38%	+5.66%
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	-93.99%	+1.99%
Max Drawdown (10Y) Largest decline over 10 years	-92.00%	-97.73%	+5.73%
Current Drawdown Current decline from peak	-84.52%	-92.58%	+8.06%
Average Drawdown Average peak-to-trough decline	-37.59%	-64.16%	+26.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.53%	18.18%	+0.35%

Volatility

RETL vs. DPST - Volatility Comparison

Direxion Daily Retail Bull 3X Shares (RETL) and Direxion Daily Regional Banks Bull 3X Shares (DPST) have volatilities of 19.50% and 19.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RETL	DPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.50%	19.73%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	40.28%	47.99%	-7.71%
Volatility (1Y) Calculated over the trailing 1-year period	60.15%	69.43%	-9.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.47%	89.44%	-9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.78%	94.60%	-14.82%

RETL vs. DPST - Expense Ratio Comparison

Both RETL and DPST have an expense ratio of 0.99%.

Dividends

RETL vs. DPST - Dividend Comparison

RETL's dividend yield for the trailing twelve months is around 0.57%, less than DPST's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPST Direxion Daily Regional Banks Bull 3X Shares	1.74%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%	0.00%
RETL Direxion Daily Retail Bull 3X Shares	0.57%	0.58%	1.13%	1.35%	0.71%	0.22%	0.19%	0.92%	1.19%	0.01%	2.60%

Frequently Asked Questions

Can I hold both RETL and DPST in my portfolio?

RETL and DPST have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RETL or DPST?

DPST has higher volatility (19.73%) compared to RETL (19.50%). In terms of maximum drawdown, RETL dropped -92.00% vs DPST's -97.73%.

Which ETF is better, RETL or DPST?

On 10-year performance, RETL leads with -4.81% vs -13.52% for DPST. Both ETFs have the same 0.99% expense ratio. On volatility, RETL has been the lower-risk option at 19.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RETL or DPST?

Over the 10-year period, RETL has performed better with a -4.81% return vs -13.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RETL or DPST?

RETL and DPST have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, RETL or DPST?

DPST has the higher dividend yield at 1.74%, compared with 0.57% for RETL.

What is the main difference between RETL and DPST?

RETL tracks Russell 1000 Retail Index (300%), while DPST tracks Solactive US Regional Banks Total Return Index (300%).

Which has better risk-adjusted returns?

DPST currently has the higher Sharpe Ratio (0.75 vs 0.04), 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.