RSPR vs. DRN

Last updated Jun 3, 2026

RSPR (Invesco S&P 500 Equal Weight Real Estate ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds - RSPR tracks the S&P 500 Equal Weighted / Real Estate - SEC while DRN tracks the MSCI US REIT Index (300%). Both are passively managed. Over the past 10 years, RSPR returned 6.22%/yr vs -5.10%/yr for DRN. Their correlation of 0.90 suggests significant overlap in exposure. RSPR charges 0.40%/yr vs 0.99%/yr for DRN.

Performance

RSPR vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) and Direxion Daily Real Estate Bull 3x Shares (DRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPR achieves a 7.82% return, which is significantly lower than DRN's 19.36% return. Over the past 10 years, RSPR has outperformed DRN with an annualized return of 6.22%, while DRN has yielded a comparatively lower -5.10% annualized return.

RSPR

• 1D: 0.79%
• 1M: 0.48%
• YTD: 7.82%
• 6M: 7.98%
• 1Y: 5.47%
• 3Y*: 8.88%
• 5Y*: 2.37%
• 10Y*: 6.22%

DRN

• 1D: 1.30%
• 1M: -6.56%
• YTD: 19.36%
• 6M: 16.51%
• 1Y: 6.60%
• 3Y*: 7.32%
• 5Y*: -11.56%
• 10Y*: -5.10%

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

RSPR vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	7.82%	-1.88%	8.61%	11.59%	-25.16%	49.61%	-2.90%	24.62%	-4.11%	8.76%
DRN Direxion Daily Real Estate Bull 3x Shares	19.36%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	7.50%

Correlation

The correlation between RSPR and DRN is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 17, 2015	0.90

The correlation between RSPR and DRN has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

RSPR vs. DRN - Sectors Allocation Comparison

Sectors	RSPR	DRN
Real Estate	96.9%	19.6%
Basic Materials	3.1%	0.4%
Financial Services	0.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

RSPR vs. DRN — Risk / Return Rank

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

RSPR

RSPR Risk / Return Rank: 15
RSPR Sharpe Ratio Rank: 15
RSPR Sortino Ratio Rank: 14
RSPR Omega Ratio Rank: 14
RSPR Calmar Ratio Rank: 16
RSPR Martin Ratio Rank: 15

DRN

DRN Risk / Return Rank: 12
DRN Sharpe Ratio Rank: 11
DRN Sortino Ratio Rank: 12
DRN Omega Ratio Rank: 12
DRN Calmar Ratio Rank: 12
DRN Martin Ratio Rank: 12

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.

RSPR vs. DRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) 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.

	RSPR	DRN	Difference
Sharpe ratio Return per unit of total volatility	0.39	0.17	+0.23
Sortino ratio Return per unit of downside risk	0.63	0.50	+0.13
Omega ratio Gain probability vs. loss probability	1.08	1.06	+0.02
Calmar ratio Return relative to maximum drawdown	0.61	0.29	+0.32
Martin ratio Return relative to average drawdown	1.34	0.65	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPR vs. DRN - Sharpe Ratio Comparison

The current RSPR Sharpe Ratio is 0.39, which is higher than the DRN Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of RSPR and DRN, 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

	RSPR	DRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.17	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	-0.20	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	-0.08	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.21	+0.09

Drawdowns

RSPR vs. DRN - Drawdown Comparison

The maximum RSPR drawdown since its inception was -41.96%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for RSPR and DRN.

Drawdown Indicators

	RSPR	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-41.96%	-86.32%	+44.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-24.28%	+15.57%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-48.26%	+30.48%
Max Drawdown (5Y) Largest decline over 5 years	-33.03%	-80.58%	+47.55%
Max Drawdown (10Y) Largest decline over 10 years	-41.96%	-86.32%	+44.36%
Current Drawdown Current decline from peak	-4.24%	-65.97%	+61.73%
Average Drawdown Average peak-to-trough decline	-9.40%	-35.06%	+25.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	10.89%	-6.95%

Volatility

RSPR vs. DRN - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight Real Estate ETF (RSPR) is 3.76%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 11.21%. This indicates that RSPR 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

	RSPR	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	11.21%	-7.45%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	29.18%	-19.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	40.04%	-26.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	56.66%	-37.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.37%	60.62%	-39.25%

RSPR vs. DRN - Expense Ratio Comparison

RSPR has a 0.40% expense ratio, which is lower than DRN's 0.99% expense ratio.

Dividends

RSPR vs. DRN - Dividend Comparison

RSPR's dividend yield for the trailing twelve months is around 2.68%, more than DRN's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRN Direxion Daily Real Estate Bull 3x Shares	2.23%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%	0.00%	0.00%
RSPR Invesco S&P 500 Equal Weight Real Estate ETF	2.68%	2.70%	2.58%	2.91%	3.14%	2.56%	3.82%	2.48%	3.02%	3.01%	2.06%	1.03%

Frequently Asked Questions

Can I hold both RSPR and DRN in my portfolio?

With a correlation of 0.93, RSPR and DRN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RSPR or DRN?

DRN has higher volatility (11.21%) compared to RSPR (3.76%). In terms of maximum drawdown, RSPR dropped -41.96% vs DRN's -86.32%.

Which ETF is better, RSPR or DRN?

On 10-year performance, RSPR leads with 6.22% vs -5.10% for DRN. On fees, RSPR is cheaper at 0.40% per year. On volatility, RSPR has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPR or DRN?

Over the 10-year period, RSPR has performed better with a 6.22% return vs -5.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPR or DRN?

RSPR is cheaper with a 0.40% expense ratio, compared with 0.99% for DRN.

Which ETF pays a higher dividend yield, RSPR or DRN?

RSPR has the higher dividend yield at 2.68%, compared with 2.23% for DRN.

What is the main difference between RSPR and DRN?

RSPR tracks S&P 500 Equal Weighted / Real Estate - SEC, while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.40% for RSPR and 0.99% for DRN.

Which has better risk-adjusted returns?

RSPR currently has the higher Sharpe Ratio (0.39 vs 0.17), 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.