SRVR vs. DRN
SRVR (Pacer Data & Infrastructure Real Estate ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds - SRVR tracks the FTSE Nareit All Equity REITs Index while DRN tracks the MSCI US REIT Index (300%). Both are passively managed. Over the past 5 years, SRVR returned -3.67%/yr vs -10.85%/yr for DRN. A 0.79 correlation means they provide meaningful diversification when combined. SRVR charges 0.49%/yr vs 0.99%/yr for DRN.
Performance
SRVR vs. DRN - Performance Comparison
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Returns By Period
In the year-to-date period, SRVR achieves a 6.87% return, which is significantly lower than DRN's 36.50% return.
SRVR
- 1D
- -1.78%
- 1M
- -10.64%
- 6M
- 0.07%
- YTD
- 6.87%
- 1Y
- -4.54%
- 3Y*
- 3.89%
- 5Y*
- -3.67%
- 10Y*
- —
DRN
- 1D
- 6.09%
- 1M
- 3.32%
- 6M
- 24.65%
- YTD
- 36.50%
- 1Y
- 21.38%
- 3Y*
- 7.13%
- 5Y*
- -10.85%
- 10Y*
- -5.89%
SRVR vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SRVR Pacer Data & Infrastructure Real Estate ETF | 6.87% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
DRN Direxion Daily Real Estate Bull 3x Shares | 36.50% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -3.09% |
Correlation
The correlation between SRVR and DRN is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.79 |
Over the past year, the correlation between SRVR and DRN has dropped to 0.58 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
SRVR vs. DRN — Risk / Return Rank
SRVR
DRN
SRVR vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Data & Infrastructure Real Estate ETF (SRVR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SRVR | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.12 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 0.88 | -1.19 |
| Martin ratioReturn relative to average drawdown | -0.60 | 1.96 | -2.57 |
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Drawdowns
SRVR vs. DRN - Drawdown Comparison
The maximum SRVR drawdown since its inception was -40.99%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for SRVR and DRN.
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Drawdown Indicators
| SRVR | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.99% | -86.32% | +45.33% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -24.28% | +9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -48.26% | +29.92% |
Max Drawdown (5Y)Largest decline over 5 years | -40.99% | -80.58% | +39.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.32% | — |
Current DrawdownCurrent decline from peak | -21.75% | -61.08% | +39.33% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -35.25% | +19.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 10.91% | -3.36% |
Volatility
SRVR vs. DRN - Volatility Comparison
The current volatility for Pacer Data & Infrastructure Real Estate ETF (SRVR) is 4.22%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 16.32%. This indicates that SRVR 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.
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Volatility by Period
| SRVR | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 16.32% | -12.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 33.49% | -19.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 42.67% | -25.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 57.00% | -37.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.41% | 60.78% | -39.37% |
SRVR vs. DRN - Expense Ratio Comparison
SRVR has a 0.49% expense ratio, which is lower than DRN's 0.99% expense ratio.
Dividends
SRVR vs. DRN - Dividend Comparison
SRVR's dividend yield for the trailing twelve months is around 2.86%, more than DRN's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.81% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.86% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% | 0.00% |
Frequently Asked Questions
SRVR and DRN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (16.32%) compared to SRVR (4.22%). In terms of maximum drawdown, SRVR dropped -40.99% vs DRN's -86.32%.
On 5-year performance, SRVR leads with -3.67% vs -10.85% for DRN. On fees, SRVR is cheaper at 0.49% per year. On volatility, SRVR has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SRVR has performed better with a -3.67% return vs -10.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRVR is cheaper with a 0.49% expense ratio, compared with 0.99% for DRN.
SRVR has the higher dividend yield at 2.86%, compared with 1.81% for DRN.
SRVR tracks FTSE Nareit All Equity REITs Index, while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: Pacer and Direxion. Their fees differ too: 0.49% for SRVR and 0.99% for DRN.
DRN currently has the higher Sharpe Ratio (0.50 vs -0.26), 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.
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