Correlation
The correlation between SRS and DRV is -0.64. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
SRS vs. DRV - Performance Comparison
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Key characteristics
SRS:
-0.73
DRV:
-0.71
SRS:
-0.83
DRV:
-0.78
SRS:
0.91
DRV:
0.91
SRS:
-0.24
DRV:
-0.36
SRS:
-0.97
DRV:
-1.03
SRS:
25.10%
DRV:
34.80%
SRS:
36.80%
DRV:
54.80%
SRS:
-99.96%
DRV:
-99.99%
SRS:
-99.96%
DRV:
-99.99%
Returns By Period
In the year-to-date period, SRS achieves a -6.56% return, which is significantly higher than DRV's -12.80% return. Over the past 10 years, SRS has outperformed DRV with an annualized return of -18.41%, while DRV has yielded a comparatively lower -31.26% annualized return.
SRS
-6.56%
-2.53%
13.27%
-26.64%
-4.71%
-18.17%
-18.41%
DRV
-12.80%
-3.97%
15.73%
-38.90%
-11.88%
-31.44%
-31.26%
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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 Rank
SRS
DRV
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.
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Dividends
SRS vs. DRV - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 6.51%, more than DRV's 4.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 6.51% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% |
DRV Direxion Daily Real Estate Bear 3x Shares | 4.94% | 4.58% | 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.
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Volatility
SRS vs. DRV - Volatility Comparison
The current volatility for ProShares UltraShort Real Estate (SRS) is 9.49%, while Direxion Daily Real Estate Bear 3x Shares (DRV) has a volatility of 14.24%. 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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