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DRV vs SDOW

Direxion Daily Real Estate Bear 3X ETF

DRVDNYSE Arca

ProShares UltraPro Short Dow30

SDOWANYSE Arca

Overlap

Expense ratio

SDOW −0.11pt a year

DRV1.06%SDOW0.95%

Avg volume · 30D

SDOW 28.8×the volume

DRV134KSDOW3.85M

10Y return · a year

DRV +8.6pt

DRV−29.0%SDOW−37.6%

DRV vs SDOW Performance

Oct 29, 2021 – Oct 30, 2026

−44.1%DRV−73.1%SDOW

Oct 29, 2021 to Oct 30, 2026. DRV −44.1%. SDOW −73.1%. Use the arrow keys to read each point.0%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
DRV 1.06%
SDOW 0.95%, better
Fund size
DRV $28M
SDOW $154M
1Y total return
DRV −21.1%, better
SDOW −21.9%
Yield (12M)
DRV 3.34%
SDOW 4.76%, better
Holdings
DRV 3
SDOW 10
Avg volume (30D)
DRV 134K sh
SDOW 3.85M sh, better
NAV per share
DRV $19.97
SDOW $25.01
52W range

ETF.net Grade

DRV: Cost 23, Risk 85, Mission not scored, Tradability 25, Holdings not scored, Durability 40. SDOW: Cost 84, Risk 69, Mission 78, Tradability 81, Holdings 0, Durability 67.
Pillar letters and Scores for DRV, SDOW, with each pillar’s weight
PillarDRVSDOW
Cost30% weightF23A84Higher
Mission25% weightNot scoredA78
Risk15% weightA85HigherB69
Tradability15% weightD25A81Higher
Holdings10% weightNot scoredF0
Durability5% weightC40B67Higher

Rank among 3x Leveraged Inverse funds

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

Same Category. DRV and SDOW are both graded against the same 14 3x Leveraged Inverse funds, so their Grades compare head to head.

3x Leveraged Inverse⁠

Category · 14 funds
See all 14 ›

SDOW ranks 2nd and DRV 10th of 14 funds in the 3x Leveraged Inverse Category.

  1. Rank 1ASQQQProShares UltraPro Short QQQScore 83
  2. Rank 2ASDOWProShares UltraPro Short Dow30Score 78
  3. Rank 3ASRTYProShares UltraPro Short Russell2000Score 71
  4. Rank 9CSMDDProShares UltraPro Short MidCap400Score 40
  5. Rank 10DDRVDirexion Daily Real Estate Bear 3X ETFScore 39
  6. Rank 11DEDZDirexion Daily MSCI Emerging Markets Bear 3X ETFScore 31

Our read on each fund

ETF.net Research

DRVDDirexion Daily Real Estate Bear 3X ETF

SDOWAProShares UltraPro Short Dow30

In short

DRV A one-day bet against landlords: DRV aims for -3x the daily move of the Real Estate Select Sector Index, at 1.06% net of a waiver through September 1, 2027. The sector specialist on a bear shelf built mostly of broad-index trades.

SDOW The only -3x ETF pointed at the Dow. SDOW aims to deliver three times the inverse of the index's daily move, reset at each close, for 0.95% net of a waiver through September 30, 2027.

Stated mandate

DRV The fund seeks daily investment results of -300% of the Real Estate Select Sector Index before fees and expenses. Its objective is measured for a single day rather than over longer cumulative periods.

SDOW SDOW seeks daily investment results, before fees and expenses, corresponding to three times the inverse of the daily performance of the Dow Jones Industrial Average.

Why people hold it

  • DRV Targets -3x the daily move of a large-cap US real estate index, a sector-specific trade on a shelf dominated by broad-market bears.direxion.com
  • Fee is 1.06% net of a waiver through September 1, 2027, near the median of its 14-fund category. SQQQ runs 0.94%, Direxion sibling TZA 0.99%.
  • Trading since July 2009, one of Direxion's original 3x pairs, with a record spanning a property crash, a zero-rate decade and the rate reset after it.sec.gov
  • SDOW ProShares calls it the only -3x ETF built to move against the Dow's daily price, so a bearish view on the 30 blue chips has one address, not a Nasdaq or small-cap stand-in.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (0.98% gross) lands below the 3x bear median, next to SQQQ at 0.94% and SRTY at 0.95% net of a waiver through the same date.
  • Running since 2010 and actively traded, it sits among the stronger implementations in the 3x bear group, which matters for a tool used in days rather than years.

Worth knowing

  • DRV Built for a single day. Hold longer and the result comes from each day's compounding, which the prospectus says will likely differ from -3x the index.sec.gov
  • The yardstick changed: the MSCI US REIT Index at launch, the Real Estate Select Sector Index now, so the long record spans two different benchmarks.sec.govsec.gov 2
  • Costs bite on a short-horizon tool, and Direxion states there is no guarantee the fund achieves its stated objective.direxion.com
  • SDOW The -3x target is a one-day target. Held longer, compounding can push results away from -3x the Dow's move over the same stretch, especially after choppy markets.proshares.com
  • Leverage cuts both ways: on a day the Dow rises, the fund is designed to lose roughly three times as much.proshares.com
  • Exposure comes from swaps and futures rather than Dow shares, and the fee runs above a plain Dow index fund.proshares.com

Full DRV profile⁠

Full SDOW profile⁠

DRV vs SDOW 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.

DRV vs SDOW Cost

Overpaying DRV vs SDOW

$1,786

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

  • DRV 1.06%

    $19,655

  • SDOW 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DRV 1.06%
  • SDOW 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRV $19,655SDOW $17,869

Year by year

YearDRVSDOWOverpaying
10$1,864$1,678$186
20$6,987$6,322$665
30$19,655$17,869$1,786

Expense ratio

  • 1.06%DRV
  • 0.95%SDOW, cheaper
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SDOW 2nd cheapest of 14 funds

DRV 11th cheapest of 14 funds

DRV vs SDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRV 3.34%
SDOW 4.76%, better
Payout (12M)
DRV $0.66
SDOW $1.19
Last payment
DRV $0.15
SDOW $0.29
Ex-dividend
DRV Sep 22, 2026
SDOW Sep 23, 2026
Paid on
DRV Sep 29, 2026
SDOW Sep 29, 2026
Frequency
DRV Quarterly
SDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DRVQuarterly · 23 paymentsAll DRV payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 19, 2018 $0.10; Sep 25, 2018 $1.55; Dec 27, 2018 $0.65; Mar 19, 2019 $1.89; Sep 24, 2019 $2.24; Dec 23, 2019 $0.33; Mar 24, 2020 $0.60; Dec 20, 2022 $0.21; Mar 21, 2023 $0.43; Jun 21, 2023 $0.58; Sep 19, 2023 $0.41; Dec 21, 2023 $0.42; Mar 19, 2024 $0.37; Jun 25, 2024 $0.41; Sep 24, 2024 $0.30; Dec 23, 2024 $0.26; Mar 25, 2025 $0.28; Jun 24, 2025 $0.20; Sep 23, 2025 $0.19; Dec 23, 2025 $0.10; Mar 24, 2026 $0.25; Jun 23, 2026 $0.16; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$52017202020232026YTD
SDOWQuarterly · 26 paymentsAll SDOW payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $1.10; Mar 21, 2018 $2.04; Jun 20, 2018 $2.87; Sep 26, 2018 $3.60; Dec 26, 2018 $6.62; Mar 20, 2019 $2.73; Jun 25, 2019 $4.55; Sep 25, 2019 $3.69; Dec 24, 2019 $2.27; Mar 25, 2020 $1.06; Dec 22, 2022 $0.39; Mar 22, 2023 $0.88; Jun 21, 2023 $1.03; Sep 20, 2023 $1.03; Dec 20, 2023 $1.01; Mar 20, 2024 $1.01; Jun 26, 2024 $1.10; Sep 25, 2024 $0.93; Dec 23, 2024 $1.17; Mar 26, 2025 $0.61; Jun 25, 2025 $0.39; Sep 24, 2025 $0.41; Dec 24, 2025 $0.44; Mar 25, 2026 $0.24; Jun 24, 2026 $0.22; Sep 23, 2026 $0.29. Use the arrow keys to read each point.$0$52017202020232026YTD

DRV vs SDOW Risk

Fall from peak · 5 years

  • DRV
  • SDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: SDOW −85.1% · Aug 2026. Use the arrow keys to read each point.−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRV 49.4%SDOW 34.4%, better
Return per unit of riskSharpe ratio, 3 years
DRV −0.57, betterSDOW −1.22
Worst fallMax drawdown, 5 years
DRV −76.1%, betterSDOW −85.1%
Market sensitivityBeta, 5 years
DRV −2.51SDOW −2.46

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