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ETFs

Direxion Daily Real Estate Bull 3X Shares

DRN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 16 2009
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$3,647,423
AUM
$43,306,709
Associated Index
S&P Real Estate Select Sector Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
9.65%
PLD
Prologis Inc
2.83%
AMT
American Tower Corp.
2.08%
EQIX
Equinix Inc
1.84%
WELL
Welltower Inc.
1.15%
PSA
Public Storage.
1.12%
CCI
Crown Castle Inc
1.07%
DLR
Digital Realty Trust Inc
1.00%
O
Realty Income Corp.
0.98%
SPG
Simon Property Group, Inc.
0.98%
Invest with DRN

What is DRN?

The Direxion Daily Real Estate Bull (DRN) Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Real Estate Select Sector Index. There is no guarantee the funds will meet their stated investment objective.

ETFs related toDRN

ETFs correlated to DRN include XLRE, ICF, IYR

DRN
Direxion Shares ETF Trust - Direxion Daily Real Estate Bull 3X Shares
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF
USRT
BlackRock Institutional Trust Company N.A. - iShares Core U.S. REIT ETF
BBRE
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders MSCI U.S. REIT ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDRN

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with DRN using Composer

News Related to DRN

Wall Street Rally Sparks ETF Gains: Top 5 Performers Of Last Week

Jan 21, 2025 • by Chandrima Sanyal
Wall Street Rally Sparks ETF Gains: Top 5 Performers Of Last Week
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EXCLUSIVE: Beyond The Magnificent Seven — Direxion's Egilinsky Reveals Top Sector Picks

Aug 30, 2024 • by Surbhi Jain
EXCLUSIVE: Beyond The Magnificent Seven — Direxion's Egilinsky Reveals Top Sector Picks
Read

Santa Rally Boosts Real Estate Stocks: 5 ETF Picks To Ride The Fed Rate Cut Wave

Dec 14, 2023 • by Piero Cingari
Santa Rally Boosts Real Estate Stocks: 5 ETF Picks To Ride The Fed Rate Cut Wave
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The Best And Worst ETFs Of 2021

Dec 31, 2021 • by Wayne Duggan
The Best And Worst ETFs Of 2021
Read

FAQ

DRN is a US Equities ETF. The Direxion Daily Real Estate Bull (DRN) Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Real Estate Select Sector Index. There is no guarantee the funds will meet their stated investment objective.

DRN tracks the S&P Real Estate Select Sector Index.

No, DRN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DRN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DRN is -0.1428%. This is the percent change in the value of DRN over the most recent 1-month period. The 3-month return on DRN is -0.1838%. This is the percent change in the value of DRN over the most recent 3-month period.

The standard deviation of DRN for the past year is 0.6646%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DRN include URE, REK, and SSO.

ETFs correlated to DRN include XLRE, ICF, and IYR.

ETFs that are inversely correlated to DRN include DRV, SRS, and RWM.

Yes, DRN is a Leveraged (3x) ETF: This means that DRN will try to match the performance of S&P Real Estate Select Sector Index, but with 3x the returns.

Yes, DRN is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Real Estate Select Sector Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.