TSRS vs. DRN

Last updated Jul 4, 2026

TSRS (Truth Social American Red State REITs ETF) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both REIT funds - TSRS tracks the Truth Social - Yorkville American Red State REITs Index while DRN tracks the MSCI US REIT Index (300%). Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. TSRS charges 0.65%/yr vs 0.99%/yr for DRN.

Performance

TSRS vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Truth Social American Red State REITs ETF (TSRS) 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, TSRS achieves a 14.12% return, which is significantly lower than DRN's 30.69% return.

TSRS

• 1D: 1.66%
• 1M: 6.41%
• 6M: 14.11%
• YTD: 14.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRN

• 1D: 3.28%
• 1M: 9.38%
• 6M: 30.69%
• YTD: 30.69%
• 1Y: 15.14%
• 3Y*: 6.55%
• 5Y*: -10.24%
• 10Y*: -5.83%

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

TSRS vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025
TSRS Truth Social American Red State REITs ETF	14.12%	-0.30%
DRN Direxion Daily Real Estate Bull 3x Shares	30.69%	-1.96%

Correlation

The correlation between TSRS and DRN is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025	0.77

Return for Risk

TSRS vs. DRN — Risk / Return Rank

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

TSRS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DRN

DRN Risk / Return Rank: 16
DRN Sharpe Ratio Rank: 15
DRN Sortino Ratio Rank: 16
DRN Omega Ratio Rank: 16
DRN Calmar Ratio Rank: 17
DRN Martin Ratio Rank: 16

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.

TSRS vs. DRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Truth Social American Red State REITs ETF (TSRS) 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.

	TSRS	DRN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.37	—
Sortino ratio: Return per unit of downside risk	—	0.77	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.63	—
Martin ratio: Return relative to average drawdown	—	1.41	—

Drawdowns

TSRS vs. DRN - Drawdown Comparison

The maximum TSRS drawdown since its inception was -8.32%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for TSRS and DRN.

Drawdown Indicators

	TSRS	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-8.32%	-86.32%	+78.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.28%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.26%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-86.32%	—
Current Drawdown Current decline from peak	0.00%	-62.74%	+62.74%
Average Drawdown Average peak-to-trough decline	-1.82%	-35.20%	+33.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.88%	—

Volatility

Volatility by Period

	TSRS	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.65%	41.98%	-28.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	56.95%	-43.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.65%	60.75%	-47.10%

TSRS vs. DRN - Expense Ratio Comparison

TSRS has a 0.65% expense ratio, which is lower than DRN's 0.99% expense ratio.

Dividends

TSRS vs. DRN - Dividend Comparison

TSRS's dividend yield for the trailing twelve months is around 1.56%, less than DRN's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	1.89%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%
TSRS Truth Social American Red State REITs ETF	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSRS and DRN in my portfolio?

TSRS and DRN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSRS or DRN?

On fees, TSRS is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSRS or DRN?

TSRS is cheaper with a 0.65% expense ratio, compared with 0.99% for DRN.

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

DRN has the higher dividend yield at 1.89%, compared with 1.56% for TSRS.

What is the main difference between TSRS and DRN?

TSRS tracks Truth Social - Yorkville American Red State REITs Index, while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: Truth Social Funds and Direxion. Their fees differ too: 0.65% for TSRS and 0.99% for DRN.