SRS vs. DRV
Compare and contrast key facts about ProShares UltraShort Real Estate (SRS) and Direxion Daily Real Estate Bear 3x Shares (DRV).
SRS and DRV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRS is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (-200%). It was launched on Jan 30, 2007. DRV 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 SRS and DRV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRS or DRV.
Key characteristics
| SRS | DRV | |
|---|---|---|
| YTD Return | -12.54% | -21.45% |
| 1Y Return | -30.42% | -44.74% |
| 3Y Return (Ann) | -1.94% | -10.59% |
| 5Y Return (Ann) | -19.73% | -36.39% |
| 10Y Return (Ann) | -19.25% | -32.71% |
| Sharpe Ratio | -0.94 | -0.92 |
| Sortino Ratio | -1.32 | -1.35 |
| Omega Ratio | 0.85 | 0.85 |
| Calmar Ratio | -0.31 | -0.45 |
| Martin Ratio | -1.41 | -1.42 |
| Ulcer Index | 21.66% | 31.64% |
| Daily Std Dev | 32.62% | 48.66% |
| Max Drawdown | -99.96% | -99.99% |
| Current Drawdown | -99.95% | -99.99% |
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.
Performance
SRS vs. DRV - Performance Comparison
In the year-to-date period, SRS achieves a -12.54% return, which is significantly higher than DRV's -21.45% return. Over the past 10 years, SRS has outperformed DRV with an annualized return of -19.25%, while DRV has yielded a comparatively lower -32.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
SRS vs. DRV - Risk-Adjusted Performance 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.
Dividends
SRS vs. DRV - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 5.74%, which matches DRV's 5.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 5.74% | 2.29% | 0.08% | 0.00% | 0.19% | 1.52% | 0.47% |
DRV Direxion Daily Real Estate Bear 3x Shares | 5.78% | 5.35% | 0.38% | 0.00% | 0.58% | 1.72% | 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. For additional features, visit the drawdowns tool.
Volatility
SRS vs. DRV - Volatility Comparison
The current volatility for ProShares UltraShort Real Estate (SRS) is 11.46%, while Direxion Daily Real Estate Bear 3x Shares (DRV) has a volatility of 16.82%. 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.