{"url":"https://etfiq.com/compare/leverage/drn-vs-rek","section":"compare","title":"DRN vs REK: which held to its multiple? | ETFIQ","description":"DRN sets out to return +3 times IYR each day and REK -1 times. Over the three months to Sep 30, 2026 they finished \u22121.3 pts and +1.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DRN or REK?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DRN finished 1.3 points from what its multiple implies and REK finished 1.5 points from its own, so DRN came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DRN and REK levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on iShares U.S. Real Estate ETF, DRN at +3 times and REK at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DRN or REK?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DRN\u2019s moved at 13% annualized and REK\u2019s at 13%, so DRN has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DRN or REK for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, DRN or REK?","acceptedAnswer":{"@type":"Answer","text":"DRN charges 0.98% a year and REK charges 0.95%, so REK is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"DRN vs REK","item":"https://etfiq.com/compare/leverage/drn-vs-rek"}]},{"@type":"WebPage","name":"DRN vs REK: which held to its multiple?","description":"DRN sets out to return +3 times IYR each day and REK -1 times. Over the three months to Sep 30, 2026 they finished \u22121.3 pts and +1.5 pts away.","url":"https://etfiq.com/compare/leverage/drn-vs-rek","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, DRN finished 1.6 points short and REK 1.4 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DRN and REK","description":"DRN sets out to return +3 times IYR each day and REK -1 times. Over the three months to Sep 30, 2026 they finished \u22121.3 pts and +1.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/drn-vs-rek","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7046,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DRN vs REK \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DRN vs REK: which held to its multiple?\n\n Over three months against its own daily promise, DRN finished 1.6 points short and REK 1.4 points over.\n Copy this for sharing \n \n Direxion Daily Real Estate Bull 3X ETF and ProShares Short Real Estate.\n\n Download as PDF \n\n \u221221.6% DRN returned, 3 months \n +8.3% REK returned, 3 months \n \u22121.3 pts DRN from its stated multiple \n +1.5 pts REK from its stated multiple \n\n ETFIQ Decay Resistance Score: DRN scores higher\n Did it keep up wit","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/drn-vs-rek","a":{"ticker":"DRN","name":"Direxion Daily Real Estate Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DRN returned \u221221.6% where its own daily promise gave \u221220.0%, 1.6 points short.","url":"https://etfiq.com/funds/drn","key_facts":[{"label":"What IYR did","value":"\u22126.8%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221220.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221221.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$35m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.98%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"REK","name":"ProShares Short Real Estate","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: REK returned +8.3% where its own daily promise gave +6.8%, 1.4 points over.","url":"https://etfiq.com/funds/rek","key_facts":[{"label":"What IYR did","value":"\u22126.8%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+6.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+8.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$13m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/drn-vs-rek"}