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DRN vs UDOW

Direxion Daily Real Estate Bull 3X ETF

DRNCNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

Expense ratio

UDOW −0.04pt a year

DRN0.98%UDOW0.94%

Avg volume · 30D

UDOW 1.4×the volume

DRN1.26MUDOW1.72M

10Y return · a year

UDOW +26.9pt

DRN−4.6%UDOW+22.3%

DRN vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

−57.1%DRN+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. DRN −57.1%. UDOW +66.5%. Use the arrow keys to read each point.0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
DRN 0.98%
UDOW 0.94%, better
Fund size
DRN $43M
UDOW $841M
1Y total return
DRN +11.3%
UDOW +16.0%, better
Yield (12M)
DRN 2.34%, better
UDOW 1.06%
Holdings
DRN 35
UDOW 33
Avg volume (30D)
DRN 1.26M sh
UDOW 1.72M sh, better
NAV per share
DRN $9.51
UDOW $65.43
52W range

ETF.net Grade

DRN: Cost 38, Risk 61, Mission not scored, Tradability 42, Holdings not scored, Durability 44. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for DRN, UDOW, with each pillar’s weight
PillarDRNUDOW
Cost30% weightD38A78Higher
Mission25% weightNot scoredA77
Risk15% weightB61A85Higher
Tradability15% weightC42A89Higher
Holdings10% weightNot scoredB56
Durability5% weightC44A71Higher

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 UDOW 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 ›

UDOW ranks 2nd 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 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 16CNAILDirexion Daily Homebuilders & Supplies Bull 3X ETFScore 45
  5. Rank 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44
  6. Rank 19CMIDUDirexion Daily Mid Cap Bull 3X ETFScore 42

Our read on each fund

ETF.net Research

DRNCDirexion Daily Real Estate Bull 3X ETF

UDOWAProShares UltraPro Dow30

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.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

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.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

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
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

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
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full DRN profile⁠

Full UDOW profile⁠

DRN vs UDOW 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 UDOW Cost

Overpaying DRN vs UDOW

$658

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

  • DRN 0.98%

    $18,362

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • DRN 0.98%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRN $18,362UDOW $17,704

Year by year

YearDRNUDOWOverpaying
10$1,729$1,661$68
20$6,504$6,260$244
30$18,362$17,704$658

Expense ratio

  • 0.98%DRN
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

DRN 18th cheapest of 30 funds

DRN vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRN 2.34%, better
UDOW 1.06%
Payout (12M)
DRN $0.22
UDOW $0.69
Last payment
DRN $0.07
UDOW $0.15
Ex-dividend
DRN Sep 22, 2026
UDOW Sep 23, 2026
Paid on
DRN Sep 29, 2026
UDOW Sep 29, 2026
Frequency
DRN Quarterly
UDOW 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
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$12017202020232026YTD

DRN vs UDOW Risk

Fall from peak · 5 years

  • DRN
  • UDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: DRN −80.6% · Oct 2023. 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%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
DRN 0.50UDOW 0.95, better
Worst fallMax drawdown, 5 years
DRN −80.6%UDOW −56.0%, better
Market sensitivityBeta, 5 years
DRN 2.62UDOW 2.62Same figure. Both funds show the same value, so neither comes out ahead.

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