{"url":"https://etfiq.com/compare/leverage/drv-vs-srs","section":"compare","title":"DRV vs SRS: which held to its multiple? | ETFIQ","description":"DRV sets out to return -3 times IYR each day and SRS -2 times. Over the three months to Sep 30, 2026 they finished +3.6 pts and +2.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DRV or SRS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DRV finished 3.6 points from what its multiple implies and SRS finished 2.6 points from its own, so SRS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DRV and SRS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on iShares U.S. Real Estate ETF, DRV at -3 times and SRS at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DRV or SRS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DRV\u2019s moved at 13% annualized and SRS\u2019s at 13%, so DRV has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DRV or SRS 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, DRV or SRS?","acceptedAnswer":{"@type":"Answer","text":"DRV charges 1.06% a year and SRS charges 0.95%, so SRS 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":"DRV vs SRS","item":"https://etfiq.com/compare/leverage/drv-vs-srs"}]},{"@type":"WebPage","name":"DRV vs SRS: which held to its multiple?","description":"DRV sets out to return -3 times IYR each day and SRS -2 times. Over the three months to Sep 30, 2026 they finished +3.6 pts and +2.6 pts away.","url":"https://etfiq.com/compare/leverage/drv-vs-srs","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, DRV finished 3.5 points over and SRS 2.5 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 DRV and SRS","description":"DRV sets out to return -3 times IYR each day and SRS -2 times. Over the three months to Sep 30, 2026 they finished +3.6 pts and +2.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/drv-vs-srs","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":6815,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DRV vs SRS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DRV vs SRS: which held to its multiple?\n\n Over three months against its own daily promise, DRV finished 3.5 points over and SRS 2.5 points over.\n Copy this for sharing \n \n Direxion Daily Real Estate Bear 3X ETF and ProShares UltraShort Real Estate.\n\n Download as PDF \n\n +23.9% DRV returned, 3 months \n +16.1% SRS returned, 3 months \n +3.6 pts DRV from its stated multiple \n +2.6 pts SRS from its stated multiple \n\n ETFIQ Decay Resistance Score: DRV scores higher\n Did it keep u","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/drv-vs-srs","a":{"ticker":"DRV","name":"Direxion Daily Real Estate Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DRV returned +23.9% where its own daily promise gave +20.4%, 3.5 points over.","url":"https://etfiq.com/funds/drv","key_facts":[{"label":"What IYR did","value":"\u22126.8%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+20.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+23.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+3.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$32m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.06%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"SRS","name":"ProShares UltraShort Real Estate","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SRS returned +16.1% where its own daily promise gave +13.6%, 2.5 points over.","url":"https://etfiq.com/funds/srs","key_facts":[{"label":"What IYR did","value":"\u22126.8%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+13.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+16.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$17m","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/drv-vs-srs"}