Direxion Daily Real Estate Bull 3X ETF
$8.96−0.38 (−4.02%)
- Expense ratio
- 0.98%
- Fund size
- $39M
- 1Y return
- −0.4%
- Yield · Last 12 months
- 2.18%
- Holdings
- 37
- Volume · 30D
- 1.1M sh
- NAV per share
- $9.47
- 52W range
The ETF.net DRN Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 55Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 42Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 41Category rank
Our read on DRN
CLeveraged 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
- 37
- 83%
- 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.
Returns run to the Sep 22, 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 | +10.7% |
| 1 month | −15.6% |
| 3 months | −11.8% |
| 1 year | −0.4% |
| 3 years | +11.6% |
| 5 years | −15.0% |
| 10 years | −7.2% |
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 | +10.7% | |
| 2025 | −11.2% | |
| 2024 | −5.3% | |
| 2023 | +12.1% | |
| 2022 | −67.2% | |
| 2021 | +153.4% | |
| 2020 | −55.6% |
DRN in the news
ETF.net Research hasn’t filed on DRN yet — coverage lands here as it’s written.
DRN Dividends
- 2.18%
- $0.20
- $0.06 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.06 |
| Mar 24, 2026 | Mar 31, 2026 | $0.05 |
| Dec 23, 2025 | Dec 31, 2025 | $0.05 |
| Sep 23, 2025 | Sep 30, 2025 | $0.05 |
| Jun 24, 2025 | Jul 1, 2025 | $0.07 |
| Mar 25, 2025 | Apr 1, 2025 | $0.06 |
| Dec 23, 2024 | Dec 31, 2024 | $0.04 |
| Sep 24, 2024 | Oct 1, 2024 | $0.06 |
| Jun 25, 2024 | Jul 2, 2024 | $0.08 |
| Mar 19, 2024 | Mar 26, 2024 | $0.04 |
| Dec 21, 2023 | Dec 29, 2023 | $0.07 |
| Sep 19, 2023 | Sep 26, 2023 | $0.07 |
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.
- 50.5%
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.
- 0.31
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.
- 2.64
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
- The middle half of 3x Leveraged Long funds
- Median 0.98%
12 of the 30 3x Leveraged Long funds charge less.