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DRV vs SRTY

Direxion Daily Real Estate Bear 3X ETF

DRVDNYSE Arca

ProShares UltraPro Short Russell2000

SRTYANYSE Arca

Overlap

Expense ratio

SRTY −0.11pt a year

DRV1.06%SRTY0.95%

Avg volume · 30D

SRTY 12.0×the volume

DRV134KSRTY1.6M

10Y return · a year

DRV +13.8pt

DRV−29.0%SRTY−42.8%

DRV vs SRTY Performance

Oct 29, 2021 – Oct 30, 2026

−44.1%DRV−82.0%SRTY

Oct 29, 2021 to Oct 30, 2026. DRV −44.1%. SRTY −82.0%. Use the arrow keys to read each point.0%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
DRV 1.06%
SRTY 0.95%, better
Fund size
DRV $28M
SRTY $68M
1Y total return
DRV −21.1%, better
SRTY −37.4%
Yield (12M)
DRV 3.34%
SRTY 5.87%, better
Holdings
DRV 3
SRTY 5
Avg volume (30D)
DRV 134K sh
SRTY 1.6M sh, better
NAV per share
DRV $19.97
SRTY $26.34
52W range

ETF.net Grade

DRV: Cost 23, Risk 85, Mission not scored, Tradability 25, Holdings not scored, Durability 40. SRTY: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56.
Pillar letters and Scores for DRV, SRTY, with each pillar’s weight
PillarDRVSRTY
Cost30% weightF23A84Higher
Mission25% weightNot scoredA83
Risk15% weightA85HigherC53
Tradability15% weightD25A70Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B56Higher

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 SRTY 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 ›

SRTY ranks 3rd 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 4BTZADirexion Daily Small Cap Bear 3X ETFScore 61
  5. Rank 9CSMDDProShares UltraPro Short MidCap400Score 40
  6. Rank 10DDRVDirexion Daily Real Estate Bear 3X ETFScore 39
  7. 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

SRTYAProShares UltraPro Short Russell2000

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.

SRTY A one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

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.

SRTY SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

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
  • SRTY 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.

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
  • SRTY Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com

Full DRV profile⁠

Full SRTY profile⁠

DRV vs SRTY 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 SRTY Cost

Overpaying DRV vs SRTY

$1,786

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

  • DRV 1.06%

    $19,655

  • SRTY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DRV 1.06%
  • SRTY 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 $19,655SRTY $17,869

Year by year

YearDRVSRTYOverpaying
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%SRTY, cheaper
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SRTY 2nd cheapest of 14 funds

DRV 11th cheapest of 14 funds

DRV vs SRTY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRV 3.34%
SRTY 5.87%, better
Payout (12M)
DRV $0.66
SRTY $1.55
Last payment
DRV $0.15
SRTY $0.27
Ex-dividend
DRV Sep 22, 2026
SRTY Sep 23, 2026
Paid on
DRV Sep 29, 2026
SRTY Sep 29, 2026
Frequency
DRV Quarterly
SRTY 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$2.502017202020232026YTD
SRTYQuarterly · 10 paymentsAll SRTY payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$2.502017202020232026YTD

DRV vs SRTY Risk

Fall from peak · 5 years

  • DRV
  • SRTY
Oct 29, 2021 to Oct 30, 2026. Worst fall: SRTY −92.8% · Aug 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRV 49.4%, betterSRTY 54.0%
Return per unit of riskSharpe ratio, 3 years
DRV −0.57, betterSRTY −1.04
Worst fallMax drawdown, 5 years
DRV −76.1%, betterSRTY −92.8%
Market sensitivityBeta, 5 years
DRV −2.51SRTY −3.24

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