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SRS vs. DRV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

SRS vs. DRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Real Estate (SRS) and Direxion Daily Real Estate Bear 3x Shares (DRV). The values are adjusted to include any dividend payments, if applicable.

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SRS vs. DRV - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SRS
ProShares UltraShort Real Estate
-3.53%-1.45%-3.55%-18.78%54.68%-52.22%-33.05%-38.97%6.01%-18.03%
DRV
Direxion Daily Real Estate Bear 3x Shares
-6.09%-7.27%-10.50%-33.74%68.51%-68.77%-60.48%-51.70%5.07%-17.10%

Returns By Period

In the year-to-date period, SRS achieves a -3.53% return, which is significantly higher than DRV's -6.09% return. Over the past 10 years, SRS has outperformed DRV with an annualized return of -15.88%, while DRV has yielded a comparatively lower -28.01% annualized return.


SRS

1D
-0.71%
1M
13.57%
YTD
-3.53%
6M
4.63%
1Y
1.08%
3Y*
-8.06%
5Y*
-7.46%
10Y*
-15.88%

DRV

1D
-1.32%
1M
20.43%
YTD
-6.09%
6M
5.60%
1Y
-3.40%
3Y*
-17.01%
5Y*
-17.30%
10Y*
-28.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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SRS vs. DRV - Expense Ratio Comparison

SRS has a 0.95% expense ratio, which is lower than DRV's 1.08% expense ratio.


Return for Risk

SRS vs. DRV — Risk / Return Rank

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

SRS
SRS Risk / Return Rank: 1313
Overall Rank
SRS Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
SRS Sortino Ratio Rank: 1414
Sortino Ratio Rank
SRS Omega Ratio Rank: 1313
Omega Ratio Rank
SRS Calmar Ratio Rank: 1313
Calmar Ratio Rank
SRS Martin Ratio Rank: 1212
Martin Ratio Rank

DRV
DRV Risk / Return Rank: 1212
Overall Rank
DRV Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
DRV Sortino Ratio Rank: 1313
Sortino Ratio Rank
DRV Omega Ratio Rank: 1313
Omega Ratio Rank
DRV Calmar Ratio Rank: 1111
Calmar Ratio Rank
DRV Martin Ratio Rank: 1111
Martin Ratio Rank
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.

SRS vs. DRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) and Direxion Daily Real Estate Bear 3x Shares (DRV). 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.


SRSDRVDifference

Sharpe ratio

Return per unit of total volatility

0.03

-0.07

+0.10

Sortino ratio

Return per unit of downside risk

0.29

0.26

+0.03

Omega ratio

Gain probability vs. loss probability

1.04

1.03

0.00

Calmar ratio

Return relative to maximum drawdown

0.03

-0.08

+0.12

Martin ratio

Return relative to average drawdown

0.05

-0.11

+0.16

SRS vs. DRV - Sharpe Ratio Comparison

The current SRS Sharpe Ratio is 0.03, which is higher than the DRV Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of SRS and DRV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


SRSDRVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.03

-0.07

+0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.20

-0.31

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.39

-0.45

+0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.49

-0.67

+0.18

Correlation

The correlation between SRS and DRV is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

SRS vs. DRV - Dividend Comparison

SRS's dividend yield for the trailing twelve months is around 3.27%, more than DRV's 2.99% yield.


TTM20252024202320222021202020192018
SRS
ProShares UltraShort Real Estate
3.27%3.61%6.06%4.49%0.30%0.00%0.19%1.80%0.47%
DRV
Direxion Daily Real Estate Bear 3x Shares
2.99%2.88%4.57%5.35%0.38%0.00%0.58%1.71%0.42%

Drawdowns

SRS vs. DRV - Drawdown Comparison

The maximum SRS drawdown since its inception was -99.96%, roughly equal to the maximum DRV drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SRS and DRV.


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Drawdown Indicators


SRSDRVDifference

Max Drawdown

Largest peak-to-trough decline

-99.96%

-99.99%

+0.03%

Max Drawdown (1Y)

Largest decline over 1 year

-29.66%

-43.54%

+13.88%

Max Drawdown (5Y)

Largest decline over 5 years

-50.15%

-71.31%

+21.16%

Max Drawdown (10Y)

Largest decline over 10 years

-85.42%

-97.19%

+11.77%

Current Drawdown

Current decline from peak

-99.95%

-99.99%

+0.04%

Average Drawdown

Average peak-to-trough decline

-91.15%

-97.75%

+6.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.95%

31.52%

-10.57%

Volatility

SRS vs. DRV - Volatility Comparison

The current volatility for ProShares UltraShort Real Estate (SRS) is 9.03%, while Direxion Daily Real Estate Bear 3x Shares (DRV) has a volatility of 13.67%. This indicates that SRS experiences smaller price fluctuations and is considered to be less risky than DRV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SRSDRVDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.03%

13.67%

-4.64%

Volatility (6M)

Calculated over the trailing 6-month period

19.02%

28.30%

-9.28%

Volatility (1Y)

Calculated over the trailing 1-year period

32.73%

49.10%

-16.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.52%

56.87%

-19.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.63%

62.65%

-22.02%