Data as of Oct 28, 2026.

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Leveraged and inverse ETFs

DPST vs XKRE: Leverage, Returns & Decay

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Over three months against its daily multiple, compounded, DPST finished 2.1 points short and XKRE 2.8 points short.

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Net assets: $317m on Oct 27, 2026 for Direxion Daily Regional Banks Bull 3X ETF, and $388,480 on Oct 28, 2026 for Corgi U.S. Regional Banks 2x Daily ETF.

At a glance
−17.4%
DPST returned, 3 months
−12.7%
XKRE returned, 3 months
−3.0 pts
DPST from its stated multiple: compounding −0.9 pts, gap to the daily multiple −2.1 pts
−3.1 pts
XKRE from its stated multiple: compounding −0.3 pts, gap to the daily multiple −2.8 pts
DPST · 3 months to Oct 28, 2026 3 pts short of its stated multiple
3 pts short of its stated multipleDPST returned −17.4% while 3 times KRE's move would have been −14.4%. Data from Jul 29, 2026 to Oct 28, 2026.KRE −4.8% ×3 implies−14.4%DPST returned−17.4%3 pts short of its stated multipleDPST returned −17.4% while 3 times KRE's move would have been −14.4%. Data from Jul 29, 2026 to Oct 28, 2026.KRE −4.8% ×3 implies−14.4%DPST returned−17.4%

DPST returned −17.4% while 3 times KRE's move would have been −14.4%. Data from Jul 29, 2026 to Oct 28, 2026.

Data from Jul 29, 2026 to Oct 28, 2026.
XKRE · 3 months to Oct 28, 2026 3.1 pts short of its stated multiple
3.1 pts short of its stated multipleXKRE returned −12.7% while 2 times KRE's move would have been −9.6%. Data from Jul 29, 2026 to Oct 28, 2026.KRE −4.8% ×2 implies−9.6%XKRE returned−12.7%3.1 pts short of its stated multipleXKRE returned −12.7% while 2 times KRE's move would have been −9.6%. Data from Jul 29, 2026 to Oct 28, 2026.KRE −4.8% ×2 implies−9.6%XKRE returned−12.7%

XKRE returned −12.7% while 2 times KRE's move would have been −9.6%. Data from Jul 29, 2026 to Oct 28, 2026.

XKRE returned −12.7% while 2 times KRE's move would have been −9.6%. Data from Jul 29, 2026 to Oct 28, 2026.

Pair scorecard

XKRE costs 0.47 points a year less.

Points (pts) are percentage points.

DPST vs XKRE: Leverage, Returns & Decay
MeasureDPSTXKRE
Return
Total return, 1 year+43.3%not published
What its daily multiple gave, 3 months−15.3%−9.9%
Benchmark
What it tracksRegional BanksU.S. Regional Banks
Cost and size
Expense ratio0.92%0.45%
Net assets, as of Oct 27, 2026$317m$393,690
Holdings
Holdings in commonnot published
ETFIQ 3-Month Tracking Score · DPST scores higher Did it keep up with its own daily multiple, compounded day by day, over three months?

DPST among the 31 leveraged ETFs at 3x, over three months

IQ Leverage Score72.6DPST66.6XKRE

How closely it delivered its daily multiple over 3 months, ranked against 31 leveraged ETFs at 3x, over three months and 502 leveraged ETFs at 2x, over three months. 100 is best. How it is computed

DPST 72.6
1.6, the lowest in this set 98.4, the highest

XKRE among the 502 leveraged ETFs at 2x, over three months

XKRE 66.6
0.1, the lowest in this set 99.9, the highest

A percentile among the 31 leveraged ETFs at 3x, over three months. XKRE is a percentile among the 502 leveraged ETFs at 2x, over three months, a different set, so the two marks are not on one scale. Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. All leveraged ETFs ranked by it →

Method

Risk and return

Jun 12, 2026 to Oct 23, 2026 · 19 weekly returns
DPST XKRE
Return
Total return edge XKRE −6.6% −5.2%
Price return edge XKRE −7.4% −5.2%
Risk
Max drawdown edge XKRE −31.0% −22.2%
Reading

XKRE returned more: −5.2% to −6.6%. XKRE fell less at its worst: −22.2% to −31.0%.

Full scorecard

3 measures, with how each is measured
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Risk and return: DPST vs XKRE: Leverage, Returns & Decay
MeasureDPSTXKREEdgeHow it is measured
Return
Total return−6.6%−5.2%XKREPrice change plus distributions, reinvested.
Price return−7.4%−5.2%XKREPrice change alone, distributions left out.
Risk
Max drawdown−31.0%−22.2%XKREDeepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 19 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

DPST Direxion Daily Regional Banks Bull 3X ETF · Aims to return three times the daily move of State Street SPDR S&P Regional Banking ETF (KRE) XKRE Corgi U.S. Regional Banks 2x Daily ETF · Aims to return twice the daily move of State Street SPDR S&P Regional Banking ETF (KRE)
Sets out to return +3x +2x
Underlying asset KRE KRE
Segment sector sector
Fund returned, 3 months −17.4% −12.7%
Underlying returned, over that window −4.8% −4.8%
What the stated multiple implies, over that window −14.4% −9.6%
Difference from stated, over that window −3.0 pts −3.1 pts
Fund returned, 1 year +43.3% +8.6% (since launch, Jun 3, 2026)
Difference from stated, over that window −20.3 pts −6.4 pts (since launch, Jun 3, 2026)
Underlying volatility 15% 15%
Expense ratio 0.92% 0.45%
First traded Aug 19, 2015 Jun 3, 2026
Net assets, DPST as of Oct 27, 2026 and XKRE as of Oct 28, 2026 $317m $388,480

As of Oct 28, 2026. Source: ETFIQ.

Window by window

Window by window: DPST vs XKRE: Leverage, Returns & Decay
Total returnMultiple would giveDifference
WindowDPSTXKREDPSTXKREDPSTXKRE
1 month+4.9%+2.9%+6.6%+4.4%−1.7 pts−1.5 pts
3 months−17.4%−12.7%−14.4%−9.6%−3.0 pts−3.1 pts
6 months+7.6%–+17.1%–−9.5 pts–
1 year+43.3%–+63.6%–−20.3 pts–
3 years+204.6%–not meaningful–not meaningful–
Since launchNot the same days: DPST Aug 2015 · XKRE Jun 2026−81.6%+8.6%not meaningful+15.0%not meaningful−6.4 pts

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Client brief

No client brief for this pair: ETFIQ prints no one-year total return for XKRE.

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About each fund
DPST

Over the three months to Oct 28, 2026, DPST lost 17.4%, against −15.3% for three times KRE's daily moves.

Read the multiple against the whole window instead and 3 times KRE's −4.8% implies −14.4%, which makes DPST look 3.0 points short. That is not the fund's objective, which is daily. Of that 3.0, daily compounding is −0.9 points, which any 3 times fund would show over the same path, and the fund itself is −2.1 points against 3 times each day's move, compounded. DPST aims to return +3 times KRE's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +3 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. KRE moved at 15% annualized over that window. The more it moves, the further the two numbers separate.

XKRE

Over the three months to Oct 28, 2026, XKRE lost 12.7%, against −9.9% for twice KRE's daily moves.

Read the multiple against the whole window instead and 2 times KRE's −4.8% implies −9.6%, which makes XKRE look 3.1 points short. Of that 3.1, daily compounding is −0.3 points, which any 2 times fund would show over the same path, and the fund itself is −2.8 points against 2 times each day's move, compounded. XKRE aims to return +2 times KRE's move each day, then resets. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run.

Questions people ask

Which came closer to its daily multiple, DPST or XKRE?
Over the window to Oct 28, 2026, DPST finished 3.0 points from what its multiple implies and XKRE finished 3.1 points from its own, so DPST came closer. Neither number predicts the next window: it depends on how much the underlying moves about.
Are DPST and XKRE levered on the same thing?
Yes. Both are levered on State Street SPDR S&P Regional Banking ETF, DPST at +3 times and XKRE at +2 times the daily move.
Which one decays faster, DPST or XKRE?
Decay follows how much the underlying moves about. Over this window DPST’s moved at 15% annualized and XKRE’s at 15%, so DPST has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold DPST or XKRE for a year?
Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year’s move; after a fall and recovery it is lower.
Which is cheaper, DPST or XKRE?
DPST charges 0.92% a year and XKRE charges 0.45%, so XKRE is cheaper. Fees come from each fund's prospectus.
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How this is computed

It is a place in a set, not a rating or a recommendation.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, DPST against XKRE, data as of Oct 28, 2026. https://etfiq.com/compare/leverage/dpst-vs-xkre

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