URE vs. DRN
Compare and contrast key facts about ProShares Ultra Real Estate (URE) and Direxion Daily Real Estate Bull 3x Shares (DRN).
URE and DRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URE 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. DRN 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 URE and DRN 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: URE or DRN.
Key characteristics
| URE | DRN | |
|---|---|---|
| YTD Return | 11.26% | 11.34% |
| 1Y Return | 54.30% | 79.58% |
| 3Y Return (Ann) | -10.90% | -21.38% |
| 5Y Return (Ann) | -2.58% | -13.68% |
| 10Y Return (Ann) | 4.77% | -1.80% |
| Sharpe Ratio | 1.54 | 1.48 |
| Sortino Ratio | 2.17 | 2.08 |
| Omega Ratio | 1.27 | 1.26 |
| Calmar Ratio | 0.75 | 0.96 |
| Martin Ratio | 5.41 | 5.02 |
| Ulcer Index | 9.58% | 15.05% |
| Daily Std Dev | 33.58% | 51.20% |
| Max Drawdown | -97.16% | -86.32% |
| Current Drawdown | -52.08% | -62.24% |
Correlation
The correlation between URE and DRN 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
URE vs. DRN - Performance Comparison
The year-to-date returns for both investments are quite close, with URE having a 11.26% return and DRN slightly higher at 11.34%. Over the past 10 years, URE has outperformed DRN with an annualized return of 4.77%, while DRN has yielded a comparatively lower -1.80% 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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URE vs. DRN - Expense Ratio Comparison
URE has a 0.95% expense ratio, which is lower than DRN's 0.99% expense ratio.
Risk-Adjusted Performance
URE vs. DRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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.
Dividends
URE vs. DRN - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.92%, less than DRN's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 1.92% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.54% | 0.93% | 1.23% | 0.81% | 1.24% | 1.13% |
DRN Direxion Daily Real Estate Bull 3x Shares | 2.13% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
URE vs. DRN - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than DRN's maximum drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for URE and DRN. For additional features, visit the drawdowns tool.
Volatility
URE vs. DRN - Volatility Comparison
The current volatility for ProShares Ultra Real Estate (URE) is 11.64%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 17.59%. This indicates that URE 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.