Direxion Daily Real Estate Bull 3X ETF
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$8.79−0.07 (−0.79%)
- 0.98%
- $39M
- +3.4%
- 2.53%
- 1.2M sh
- $8.67
- low $7.88high $12.21
The ETF.net DRN Grade
B
Score 55 out of 100
- 10 of 31
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B55 out of 100Rank 13 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 10 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 13 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 18 of 31
Our read on DRN
BLeveraged trading tools cluster around tech and banks. DRN has run 3x daily exposure to the S&P 500's real estate sector since 2009, a rare lever on landlords, malls and data centers.
The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Real Estate Select Sector Index.
Why people hold it
- Aims for 300% of the Real Estate Select Sector Index's daily move: a leveraged handle on REITs and property operators, not the usual tech or broad-index trade.direxion.com
- 0.98% a year, under the median fee for leveraged funds. Not cheap in absolute terms, but priced at the low end of a pricey category.
- Actively traded for a niche leveraged product, so getting in and out is usually the easy part of the trade.
- Running since 2009, through the entire post-crisis property cycle, and paired with a mirror bear fund for the other side of the view.direxion.com
Worth knowing
- The leverage resets every day. Over longer stretches, compounding takes charge, and a choppy market can leave results far from 3x the index move.direxion.com
- One sector, roughly 40 names, then tripled. Concentration is the whole point, and it works in both directions.
- A near-1% fee is heavy next to plain real estate index funds; that is the cost of the swap-based leverage wrapper.direxion.com
DRN Holdings
- Stocks
- 35
- 86%
- Ixre Swap Asset Leg (Ixreubl)
Sectors
- Real Estate100.0%
Geography
- United States100.00%
DRN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DRN$10,339
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DRN |
|---|---|
| Year to date | +5.9% |
| 1 month | −8.7% |
| 3 months | −17.2% |
| 1 year | +3.4% |
| 3 years | +11.1% |
| 5 years | −14.8% |
| 10 years | −5.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DRN |
|---|---|---|
| 2026 YTD | +5.9% | |
| 2025 | −11.2% | |
| 2024 | −5.3% | |
| 2023 | +12.1% | |
| 2022 | −67.2% | |
| 2021 | +153.4% | |
| 2020 | −55.6% |
DRN in the news
DRN Dividends
- 2.53%
- $0.22
- $0.07 per share
- Quarterly
Distribution history
DRN Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 50.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −80.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DRN Cost
0.98%
DRN0.98%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
12 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- BLABUDirexion Daily S&P Biotech Bull 3X SharesExpense ratio 0.96%1 year return +117.8%
- BDFENDirexion Daily Aerospace & Defense Bull 3X SharesExpense ratio 0.96%1 year return −22.0%
- CRETLDirexion Daily Retail Bull 3X SharesExpense ratio 0.96%1 year return −7.2%
- CTMFDirexion Daily 20+ Year Treasury Bull 3X ETFExpense ratio 1.01%1 year return −35.5%
- CDUSLDirexion Daily Industrials Bull 3X ETFExpense ratio 0.98%1 year return +23.1%