Direxion Daily Real Estate Bear 3X Shares (DRV) Performance
DRV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −19.8% since Dec 31, 2025
- 1 year
- −8.2% total return
- 5 years
- −10.3% a year
- 10 years
- −28.3% a year
- Since first price
- −42.0% a year since 2009
DRV trailing returns vs SPY, QQQ, AGG
| Period | DRV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.6% | −4.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +16.1% | +15.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +3.8% | +7.8% | +8.4% | −1.5% |
| YTD | −19.8% | −21.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −8.2% | −10.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −66.5%−30.6%/yr | −70.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −41.9%−10.3%/yr | −49.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −96.4%−28.3%/yr | −96.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.8%−33.3%/yr | −99.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJul 16, 2009 | −99.99%−42.0%/yr | −99.99% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DRV vs SPY
From Jul 16, 2009: DRV grew to $1, SPY to $109,532.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DRV returns by calendar year
2 of 16 full years positive. Best 2022 (+68.5%), worst 2010 (−71.7%). 2026 is year to date.
DRV annual returns table
| Year | DRV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −19.8% | −36.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −7.3% | −37.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −10.5% | −51.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −33.7% | −52.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +68.5% | −42.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −68.8% | −71.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −60.5% | −84.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −51.7% | −56.8% | +31.2% | +39.0% | +8.5% |
| 2018 | +5.1% | −46.1% | −4.6% | −0.1% | +0.1% |
| 2017 | −17.1% | −25.5% | +21.7% | +32.7% | +3.6% |
| 2016 | −35.4% | −59.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −24.9% | −37.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −59.6% | −61.8% | +13.5% | +19.2% | +6.0% |
| 2013 | −22.3% | −41.9% | +32.3% | +36.6% | −2.0% |
| 2012 | −46.7% | −50.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −56.8% | −63.4% | +1.9% | +3.4% | +7.7% |
| 2010 | −71.7% | −77.8% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DRV largest drawdowns
Now 99.99% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2009 | −99.99% | Jul 28, 2026 | not yet | 17.0 years | 17.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DRV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | −24.4% | −12.0% | −26.7% | −40.7% |
| Volatility (annualized) | 49.2% | 57.5% | 49.7% | 49.3% |
| Sharpe ratio | -0.41 | -0.00 | -0.41 | -0.81 |
| Sortino ratio | -0.57 | -0.01 | -0.57 | -0.99 |
| Best month | +30.8% | +48.1% | +48.1% | +48.1% |
| Worst month | −31.0% | −31.0% | −35.4% | −40.1% |
| Best 12 months | +13.0% | +68.5% | +68.5% | +68.5% |
| Worst 12 months | −59.8% | −59.8% | −76.4% | −87.0% |
| Positive months | 39% | 47% | 39% | 36% |
| Beta vs S&P 500 | -2.51 | -2.85 | -2.36 | — |
| Correlation with S&P 500 | -0.63 | -0.78 | -0.73 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DRV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 196 | −87.0% | −35.1% | +68.5% | 12% |
| 3-year (a year) | 172 | −72.7% | −34.9% | −0.0% | 0% |
| 5-year (a year) | 148 | −61.3% | −35.9% | −10.2% | 0% |
| 10-year (a year) | 88 | −47.9% | −35.0% | −26.7% | 0% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
DRV performance overview
Direxion Daily Real Estate Bear 3X Shares (DRV) returned −8.2% over the past year and −28.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned −42.0% a year, turning $10,000 into about $1. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.99%, from Jul 17, 2009 to Jul 28, 2026; the fund has not yet regained that high. DRV finished 2 of its 16 full calendar years with a gain; the best year was 2022 (+68.5%) and the worst 2010 (−71.7%). Volatility has been 49.3% a year.
Related: DRV chart, DRV dividends. See the DRV overview for the latest quote and fund facts.
DRV performance FAQ
What is the DRV return over the past year?
DRV returned −8.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 10.9%.
What is the average annual return of DRV?
DRV has returned −10.3% a year over 5 years, −28.3% a year over 10 years, −42.0% a year since July 16, 2009 (total return, distributions reinvested).
How much would $10,000 invested in DRV be worth?
$10,000 invested in DRV at its first recorded close on July 16, 2009 would be worth about $1 on October 23, 2026 with distributions reinvested.
What was the worst year for DRV?
The worst calendar year was 2010, with a total return of −71.7%. The best was 2022 at +68.5%.
What is the biggest drawdown of DRV?
The largest peak-to-trough decline was −99.99% between July 17, 2009 and July 28, 2026. It has not yet recovered to that high; it is 99.99% below its peak.
How volatile is DRV?
Over the past 3 years DRV had an annualized volatility of 49.2% and a Sharpe ratio of -0.41 (excess return over 1–3 month T-bills per unit of risk).