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.
Performance
URE vs. DRN - Performance Comparison
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URE vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 2.38% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | -28.06% | 57.86% | -13.80% | 16.56% |
DRN Direxion Daily Real Estate Bull 3x Shares | 2.36% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
Returns By Period
The year-to-date returns for both stocks are quite close, with URE having a 2.38% return and DRN slightly lower at 2.36%. Over the past 10 years, URE has outperformed DRN with an annualized return of 1.93%, while DRN has yielded a comparatively lower -6.42% annualized return.
URE
- 1D
- 0.74%
- 1M
- -12.45%
- YTD
- 2.38%
- 6M
- -5.82%
- 1Y
- -6.19%
- 3Y*
- 3.57%
- 5Y*
- -2.54%
- 10Y*
- 1.93%
DRN
- 1D
- 0.93%
- 1M
- -18.42%
- YTD
- 2.36%
- 6M
- -10.39%
- 1Y
- -14.15%
- 3Y*
- -0.74%
- 5Y*
- -9.58%
- 10Y*
- -6.42%
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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.
Return for Risk
URE vs. DRN — Risk / Return Rank
URE
DRN
URE vs. DRN - Risk-Adjusted Trends 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.
| URE | DRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.19 | -0.29 | +0.10 |
Sortino ratioReturn per unit of downside risk | -0.05 | -0.10 | +0.05 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.43 | +0.16 |
Martin ratioReturn relative to average drawdown | -0.79 | -1.13 | +0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URE | DRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | -0.29 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.17 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | -0.11 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.19 | -0.27 |
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.
Dividends
URE vs. DRN - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 2.29%, less than DRN's 2.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 2.29% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
DRN Direxion Daily Real Estate Bull 3x Shares | 2.60% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 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.
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Drawdown Indicators
| URE | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -86.32% | -10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -32.57% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | -80.58% | +16.92% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -86.32% | +15.83% |
Current DrawdownCurrent decline from peak | -57.49% | -70.82% | +13.33% |
Average DrawdownAverage peak-to-trough decline | -64.63% | -34.77% | -29.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | 12.25% | -4.63% |
Volatility
URE vs. DRN - Volatility Comparison
The current volatility for ProShares Ultra Real Estate (URE) is 9.32%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 13.99%. 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.
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Volatility by Period
| URE | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 13.99% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 19.04% | 28.59% | -9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 48.51% | -16.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.23% | 56.62% | -19.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.49% | 60.61% | -20.12% |