URTY vs. DRN

Last updated Jun 9, 2026

URTY (ProShares UltraPro Russell2000) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 10 years, URTY returned 7.26%/yr vs -4.83%/yr for DRN. A 0.61 correlation means they provide meaningful diversification when combined. URTY charges 0.95%/yr vs 0.99%/yr for DRN.

Performance

URTY vs. DRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) 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, URTY achieves a 40.19% return, which is significantly higher than DRN's 23.49% return. Over the past 10 years, URTY has outperformed DRN with an annualized return of 7.26%, while DRN has yielded a comparatively lower -4.83% annualized return.

URTY

• 1D: 2.59%
• 1M: -1.96%
• YTD: 40.19%
• 6M: 32.56%
• 1Y: 101.20%
• 3Y*: 23.50%
• 5Y*: -8.44%
• 10Y*: 7.26%

DRN

• 1D: -4.47%
• 1M: -3.86%
• YTD: 23.49%
• 6M: 23.07%
• 1Y: 9.95%
• 3Y*: 7.81%
• 5Y*: -12.09%
• 10Y*: -4.83%

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

URTY vs. DRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URTY ProShares UltraPro Russell2000	40.19%	9.26%	7.38%	24.43%	-62.81%	28.47%	-7.72%	72.37%	-39.59%	38.85%
DRN Direxion Daily Real Estate Bull 3x Shares	23.49%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	7.50%

Correlation

The correlation between URTY and DRN is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.61

The correlation between URTY and DRN shifts across timeframes, from 0.45 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

URTY vs. DRN - Sectors Allocation Comparison

Sectors	URTY	DRN
Financial Services	24.2%	-
Technology	7.0%	-
Industrials	6.1%	-
Healthcare	5.8%	-
Consumer Cyclical	2.8%	-
Energy	2.1%	-
Real Estate	2.0%	19.8%
Basic Materials	1.6%	0.4%
Utilities	1.1%	-
Communication Services	0.8%	-
Consumer Defensive	0.8%	-

Return for Risk

URTY vs. DRN — Risk / Return Rank

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

URTY

URTY Risk / Return Rank: 57
URTY Sharpe Ratio Rank: 57
URTY Sortino Ratio Rank: 51
URTY Omega Ratio Rank: 47
URTY Calmar Ratio Rank: 69
URTY Martin Ratio Rank: 62

DRN

DRN Risk / Return Rank: 14
DRN Sharpe Ratio Rank: 13
DRN Sortino Ratio Rank: 15
DRN Omega Ratio Rank: 15
DRN Calmar Ratio Rank: 14
DRN Martin Ratio Rank: 14

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.

URTY vs. DRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.

	URTY	DRN	Difference
Sharpe ratio: Return per unit of total volatility	1.75	0.25	+1.50
Sortino ratio: Return per unit of downside risk	2.26	0.60	+1.66
Omega ratio: Gain probability vs. loss probability	1.27	1.08	+0.19
Calmar ratio: Return relative to maximum drawdown	3.13	0.41	+2.71
Martin ratio: Return relative to average drawdown	10.23	0.91	+9.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URTY vs. DRN - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 1.75, which is higher than the DRN Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of URTY and DRN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URTY	DRN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	0.25	+1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	-0.21	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	-0.08	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.21	-0.02

Drawdowns

URTY vs. DRN - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, roughly equal to the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for URTY and DRN.

Drawdown Indicators

	URTY	DRN	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-86.32%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-24.28%	-8.28%
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	-48.26%	-17.59%
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	-80.58%	-2.18%
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	-86.32%	-1.77%
Current Drawdown Current decline from peak	-42.28%	-64.79%	+22.51%
Average Drawdown Average peak-to-trough decline	-34.79%	-35.09%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.93%	10.92%	-0.99%

Volatility

URTY vs. DRN - Volatility Comparison

ProShares UltraPro Russell2000 (URTY) has a higher volatility of 19.69% compared to Direxion Daily Real Estate Bull 3x Shares (DRN) at 12.91%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URTY	DRN	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.69%	12.91%	+6.78%
Volatility (6M) Calculated over the trailing 6-month period	41.89%	29.87%	+12.02%
Volatility (1Y) Calculated over the trailing 1-year period	58.35%	40.83%	+17.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.60%	56.73%	+10.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.43%	60.66%	+8.77%

URTY vs. DRN - Expense Ratio Comparison

URTY has a 0.95% expense ratio, which is lower than DRN's 0.99% expense ratio.

Dividends

URTY vs. DRN - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.67%, less than DRN's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DRN Direxion Daily Real Estate Bull 3x Shares	2.16%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%	0.00%
URTY ProShares UltraPro Russell2000	0.67%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both URTY and DRN in my portfolio?

URTY and DRN have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URTY or DRN?

URTY has higher volatility (19.69%) compared to DRN (12.91%). In terms of maximum drawdown, URTY dropped -88.09% vs DRN's -86.32%.

Which ETF is better, URTY or DRN?

On 10-year performance, URTY leads with 7.26% vs -4.83% for DRN. On fees, URTY is cheaper at 0.95% per year. On volatility, DRN has been the lower-risk option at 12.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URTY or DRN?

Over the 10-year period, URTY has performed better with a 7.26% return vs -4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URTY or DRN?

URTY is cheaper with a 0.95% expense ratio, compared with 0.99% for DRN.

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

DRN has the higher dividend yield at 2.16%, compared with 0.67% for URTY.

What is the main difference between URTY and DRN?

URTY is categorized as Leveraged Equities, while DRN is REIT. URTY tracks Russell 2000 Index (300%), while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for URTY and 0.99% for DRN.

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (1.75 vs 0.25), 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.