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- Upturn Summary
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- Fund Details
Direxion Daily Real Estate Bull 3X Shares(DRN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DRN
09/11/2026: DRN (5-star) is currently NOT-A-BUY. Pass it for now.
Direxion Daily Real Estate Bull 3X Shares (DRN) is a leveraged ETF that aims to deliver three times the daily performance of the Real Estate Select Sector Index. It is designed for sophisticated, active traders seeking to capitalize on short-term movements in the real estate sector, utilizing derivatives to amplify returns. The fund's primary strengths include its ability to provide significant beta with limited capital, though it carries substantial risks, including volatility decay and potential for rapid loss in non-trending markets. Investors should note that it is not intended for long-term holding and is best suited for those capable of monitoring market signals and managing the risks associated with daily leverage. Key factors to monitor include interest rate trends, sector-specific market sentiment, and the overall volatility of the underlying real estate indices.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is designed for short-term tactical trades, not long-term capital appreciation. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders use this to amplify directional bets on the real estate sector during strong market trends. |
| Value investor | Weak fit | Leveraged daily resets are incompatible with fundamental value investing principles. |
| Dividend/Income investor | Weak fit | The use of derivatives and volatility decay makes this an unsuitable instrument for income generation. |
| Low-risk investor | Weak fit | The 3x leverage creates extreme risk profiles that are inappropriate for risk-averse investors. |
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated, active trader with a high risk tolerance and a short-term time horizon for tactical bets.
Suitability
The fund is strictly for active, short-term tactical traders and is entirely unsuitable for passive or long-term investors.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Strong | The 3x leverage amplifies daily price swings, leading to significant potential for loss. |
| Market risk | High | The fund is fully exposed to the daily risks and cyclical nature of the US real estate sector. |
| Concentration | High | Exposure is restricted to a single sector, leaving the fund vulnerable to industry-specific headwinds. |
| Tracking/expense | Medium / high | The cost of maintaining leverage and daily rebalancing, combined with compounding effects, creates significant tracking drift. |
| Liquidity | Medium | While generally liquid, market conditions can impact the ability to trade large blocks efficiently. |
| Business/sector quality | Medium / high | Real estate is sensitive to interest rate fluctuations and general macroeconomic cycles. |
Risk Analysis
Volatility
Extremely high; the fund is designed to amplify volatility through 3x leverage.
Market Risk
The fund is tied to the real estate market, which faces systemic risks from interest rates, economic downturns, and property valuation shifts.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Real Estate Select Sector Index — seeks 3x daily return | 95 | The fund uses swap agreements to provide triple the daily exposure to the US real estate sector. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash holdings are maintained as collateral to support the derivative positions. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit 34.58% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/11/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 13, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $40.64M |
| Issuer | Direxion Funds |
| Expense Ratio | 1.01% |
| Distribution Yield | 1.91% |
| Inception | Jul 16, 2009 |
Performance
| Period | Total Return |
|---|---|
| YTD | +16.01% |
| 1 Year | +0.25% |
| 3 Year | +7.47% |
| 5 Year | -13.97% |
| 10 Year | -5.96% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 42.51% |
| 3Y Volatility | 50.48% |
| 3Y Sharpe Ratio | 0.31 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
| Benchmark | S&P 500 TR USD |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mid Cap | 15.64% |
| Large Cap | 7.22% |
| Small Cap | 3.14% |
Top Sectors
| Sector | Weight |
|---|---|
| Real Estate | 100.00% |
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 35.78x |
| Portfolio P/B | 2.71x |
| Portfolio P/S | 5.52x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Welltower | 3.02% |
| Prologis | 2.33% |
| Equinix | 1.87% |
| American Tower | 1.48% |
| Digital Realty Trust | 1.33% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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