DRN
Direxion Daily Real Estate Bull 3x Shares
DRN provides 3x leveraged exposure to an index that captures large to small cap equities of the US real estate investment trusts (REITs).
US
EQUITY
Passive
MANAGEMENT STYLE
58.2 M
ASSETS UNDER MGMT
101 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 16, 2009 |
| Assets (mns) | $60 |
| Expense ratio | 101 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.9% | 8.8% | 0.1% | -12.9% | -1.0% | -4.7% | -- | 10.6% |
| Dividend Yield | 0.6% | 1.7% | 2.2% | 2.0% | 2.7% | 2.2% | -- | 2.6% |
| Total Returns | -2.3% | 10.4% | 2.3% | -10.8% | 1.6% | -2.5% | -- | 13.2% | Ann. Volatility | 60.9% | 54.4% | 54.2% | 60.0% | 58.7% | 61.5% | -- | 63.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.10 | 67% |
| MSCI EAFE | 3.04 | 68% |
| MSCI Emg Mkts | 2.41 | 45% |
Liquidity Measures
| Avg. volume (000) | 621 |
| ADV traded (mns) | $6 |
| Turnover | 10.0% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| Recent close | $9.38 |
| 30d moving avg. | $9.69 |
| Annualized volatility | 61.0% |
| Relative strength (RSI) | 50 |
| Short interest | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| DRN (101 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DRN | 101.0 | 13.5 | 114.5 |
| Peer Avg. | 49.0 | 19.8 | 68.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .