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DRN vs TQQQ

Direxion Daily Real Estate Bull 3X ETF

DRNCNYSE Arca

ProShares UltraPro QQQ

TQQQANasdaq

Overlap

0.0%by weight

Expense ratio

TQQQ −0.20pt a year

DRN0.98%TQQQ0.78%

Avg volume · 30D

TQQQ 45.5×the volume

DRN1.26MTQQQ57.5M

10Y return · a year

TQQQ +42.5pt

DRN−4.6%TQQQ+37.9%

DRN vs TQQQ Performance

Oct 29, 2021 – Oct 30, 2026

−57.1%DRN+64.2%TQQQ

Oct 29, 2021 to Oct 30, 2026. DRN −57.1%. TQQQ +64.2%. Use the arrow keys to read each point.0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
DRN 0.98%
TQQQ 0.78%, better
Fund size
DRN $43M
TQQQ $32.1B
1Y total return
DRN +11.3%, better
TQQQ +7.1%
Yield (12M)
DRN 2.34%, better
TQQQ 0.78%
Holdings
DRN 35
TQQQ 116
Avg volume (30D)
DRN 1.26M sh
TQQQ 57.5M sh, better
NAV per share
DRN $9.51
TQQQ $61.97
52W range

ETF.net Grade

DRN: Cost 38, Risk 61, Mission not scored, Tradability 42, Holdings not scored, Durability 44. TQQQ: Cost 97, Risk 57, Mission 84, Tradability 97, Holdings not scored, Durability 79.
Pillar letters and Scores for DRN, TQQQ, with each pillar’s weight
PillarDRNTQQQ
Cost30% weightD38A97Higher
Mission25% weightNot scoredA84
Risk15% weightB61HigherB57
Tradability15% weightC42A97Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC44A79Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DRN and TQQQ are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

TQQQ ranks 1st and DRN 18th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 16CNAILDirexion Daily Homebuilders & Supplies Bull 3X ETFScore 45
  4. Rank 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44
  5. Rank 19CMIDUDirexion Daily Mid Cap Bull 3X ETFScore 42

Our read on each fund

ETF.net Research

DRNCDirexion Daily Real Estate Bull 3X ETF

TQQQAProShares UltraPro QQQ

In short

DRN Leveraged 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.

TQQQ The original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

Stated mandate

DRN The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Real Estate Select Sector Index.

TQQQ The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

Why people hold it

  • DRN 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
  • TQQQ Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov

Worth knowing

  • DRN 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
  • TQQQ The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.

Full DRN profile⁠

Full TQQQ profile⁠

DRN vs TQQQ Holdings

How DRN and TQQQ differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of DRN and 0.0% of TQQQ.

Level by level

  • Sector11 Sectors0.0%
  • Holdings0 in both0.0%
  • Countryby domicile97.3%
  • Asset classEquity100%

Sector

Sector weights in DRN and TQQQ, widest gap first
SectorMore in DRNMore in TQQQ
Real EstateDRN +100.0 points
TechnologyTQQQ +60.3 points
CommunicationTQQQ +12.6 points
Consumer DiscretionaryTQQQ +10.1 points
Consumer StaplesTQQQ +5.6 points
IndustrialsTQQQ +5.1 points
Health CareTQQQ +3.8 points
UtilitiesTQQQ +1.0 points
MaterialsTQQQ +0.9 points
EnergyTQQQ +0.5 points
FinancialsTQQQ +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in DRN and TQQQ, widest gap first
CountryMore in DRNMore in TQQQ
United StatesDRN +2.7 points
CanadaTQQQ +1.1 points
NetherlandsTQQQ +0.9 points
Other countries (3)TQQQ +0.8 points

Concentration

Weight in the 10 largest Holdings

  • DRN85.2%
  • TQQQ54.5%

Securities held

  • DRN31
  • TQQQ115

Asset class

DRN
Equity
TQQQ
Equity

Holdings

  • Only in DRN31
  • In both0
  • Only in TQQQ115

Only in DRN

31 securities, 25.1% of DRN by weight

  • Welltower Inc2.65%
  • Prologis Inc1.92%
  • Equinix Inc1.62%

Only in TQQQ

115 securities, 84.9% of TQQQ by weight

  • Proshares Genius Mny Mkt Etf16.45%
  • Apple Inc3.90%
  • NVIDIA Corp3.82%

Weight gaps

DRN and TQQQ share no securities.

All 37 DRN holdings⁠All 123 TQQQ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DRN vs TQQQ Cost

Overpaying DRN vs TQQQ

$3,360

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DRN 0.98%

    $18,362

  • TQQQ 0.78%

    $15,002

$10,000
30 years

Cost over time

  • DRN 0.98%
  • TQQQ 0.78%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRN $18,362TQQQ $15,002

Year by year

YearDRNTQQQOverpaying
10$1,729$1,388$341
20$6,504$5,268$1,236
30$18,362$15,002$3,360

Expense ratio

  • 0.98%DRN
  • 0.78%TQQQ, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TQQQ 2nd cheapest of 30 funds

DRN 18th cheapest of 30 funds

DRN vs TQQQ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRN 2.34%, better
TQQQ 0.78%
Payout (12M)
DRN $0.22
TQQQ $0.48
Last payment
DRN $0.07
TQQQ $0.16
Ex-dividend
DRN Sep 22, 2026
TQQQ Sep 23, 2026
Paid on
DRN Sep 29, 2026
TQQQ Sep 29, 2026
Frequency
DRN Quarterly
TQQQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DRNQuarterly · 35 paymentsAll DRN payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.21; Jun 19, 2018 $0.25; Sep 25, 2018 $0.14; Dec 27, 2018 $0.13; Mar 19, 2019 $0.07; Jun 25, 2019 $0.14; Sep 24, 2019 $0.15; Dec 12, 2019 $0.40; Mar 24, 2020 $0.15; Jun 23, 2020 $0.02; Sep 22, 2020 $0.03; Dec 22, 2020 $0.04; Mar 23, 2021 $0.04; Jun 22, 2021 $0.05; Sep 21, 2021 $0.06; Dec 9, 2021 $1.13; Mar 22, 2022 $0.12; Jun 22, 2022 $0.04; Sep 20, 2022 $0.09; Dec 20, 2022 $0.01; Mar 21, 2023 $0.09; Jun 21, 2023 $0.07; Sep 19, 2023 $0.07; Dec 21, 2023 $0.07; Mar 19, 2024 $0.04; Jun 25, 2024 $0.08; Sep 24, 2024 $0.06; Dec 23, 2024 $0.04; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.05; Dec 23, 2025 $0.05; Mar 24, 2026 $0.05; Jun 23, 2026 $0.06; Sep 22, 2026 $0.07. Use the arrow keys to read each point.$0$12017202020232026YTD
TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$12017202020232026YTD

DRN vs TQQQ Risk

Fall from peak · 5 years

  • DRN
  • TQQQ
Oct 29, 2021 to Oct 30, 2026. Worst fall: TQQQ −81.7% · Dec 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRN 50.3%, betterTQQQ 56.9%
Return per unit of riskSharpe ratio, 3 years
DRN 0.50TQQQ 0.98, better
Worst fallMax drawdown, 5 years
DRN −80.6%, betterTQQQ −81.7%
Market sensitivityBeta, 5 years
DRN 2.62TQQQ 3.71

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