WANT vs. DRN
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 5 years, WANT returned -9.92%/yr vs -10.93%/yr for DRN. A 0.51 correlation means they provide meaningful diversification when combined. WANT charges 0.98%/yr vs 0.99%/yr for DRN.
Performance
WANT vs. DRN - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -19.95% return, which is significantly lower than DRN's 33.89% return.
WANT
- 1D
- 0.33%
- 1M
- -6.84%
- 6M
- -18.61%
- YTD
- -19.95%
- 1Y
- -9.28%
- 3Y*
- 7.62%
- 5Y*
- -9.92%
- 10Y*
- —
- ALL TIME*
- 7.01%
DRN
- 1D
- -0.27%
- 1M
- 10.75%
- 6M
- 25.08%
- YTD
- 33.89%
- 1Y
- 16.77%
- 3Y*
- 6.16%
- 5Y*
- -10.93%
- 10Y*
- -6.51%
- ALL TIME*
- 14.20%
WANT vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -19.95% | -6.94% | 60.52% | 114.43% | -83.03% | 84.81% | 45.26% | 90.07% | -24.44% |
DRN Direxion Daily Real Estate Bull 3x Shares | 33.89% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -22.49% |
Correlation
The correlation between WANT and DRN is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018 | 0.51 |
Over the past year, the correlation between WANT and DRN has dropped to 0.25 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
WANT vs. DRN — Risk / Return Rank
WANT
DRN
WANT vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.
| WANT | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.69 | -0.92 |
| Martin ratioReturn relative to average drawdown | -0.53 | 1.54 | -2.07 |
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Drawdowns
WANT vs. DRN - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, roughly equal to the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for WANT and DRN.
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Drawdown Indicators
| WANT | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -86.32% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -24.28% | -16.99% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -48.26% | -15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | -80.58% | -5.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.32% | — |
Current DrawdownCurrent decline from peak | -61.42% | -61.82% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -43.33% | -35.27% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.64% | 10.92% | +6.72% |
Volatility
WANT vs. DRN - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 15.21% compared to Direxion Daily Real Estate Bull 3x Shares (DRN) at 14.03%. This indicates that WANT'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.
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Volatility by Period
| WANT | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.21% | 14.03% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 41.82% | 33.15% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 42.57% | +12.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.09% | 56.85% | +14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.29% | 60.80% | +10.49% |
WANT vs. DRN - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than DRN's 0.99% expense ratio.
Dividends
WANT vs. DRN - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.55%, less than DRN's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.84% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.55% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% | 0.00% | 0.00% |
Frequently Asked Questions
WANT and DRN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (15.21%) compared to DRN (14.03%). In terms of maximum drawdown, WANT dropped -85.89% vs DRN's -86.32%.
On 5-year performance, WANT leads with -9.92% vs -10.93% for DRN. On fees, WANT is cheaper at 0.98% per year. On volatility, DRN has been the lower-risk option at 14.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WANT has performed better with a -9.92% return vs -10.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WANT is cheaper with a 0.98% expense ratio, compared with 0.99% for DRN.
DRN has the higher dividend yield at 1.84%, compared with 0.55% for WANT.
WANT is categorized as Leveraged Equities, while DRN is REIT. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while DRN tracks MSCI US REIT Index (300%). Their fees differ too: 0.98% for WANT and 0.99% for DRN.
DRN currently has the higher Sharpe Ratio (0.40 vs -0.17), 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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