DRN ETF — Direxion Daily Real Estate Bull 3X Shares

Direxion Daily Real Estate Bull 3X Shares (DRN)

Updated October 16, 2026.

DRN is an ETF linked to Real Estate. its distribution rate is 3.20%, its trailing-12-month yield is 2.49%, its expense ratio is 0.98%. Dividend Vision Distribution Safety Score™ is 25/100 (Elevated risk). Total return is 608.8% over the past 17.3 years, 391.3 points behind SPY at 1000.1%.

Direxion Daily Real Estate Bull 3X Shares is an ETF that seeks to deliver three times the daily leveraged return of an index of real estate companies and REITs, excluding mortgage REITs, through swap agreements, index securities, and tracking ETFs. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.98%. The leveraged structure appeals to traders and tactical investors seeking amplified short-term exposure to real estate equities, though the daily reset mechanism and leverage amplification mean it is not designed for buy-and-hold investors.

DRN performance versus SPY

Price and return data through 2026-10-16.

Total return is 608.8% over the past 17.3 years, 391.3 points behind SPY at 1000.1%. Over the past year its total return — price change plus distributions reinvested — is -2.9%. Its deepest 1-year drawdown was 31.5%.

DRN key facts

Distribution Safety Score™

25 · Elevated risk

Safety-Adjusted Yield

0.80%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

07/16/2009

Expense ratio

0.98%

Distribution rate

3.20%

Distribution frequency

Quarterly

Trailing yield

2.49%

Last close

$9.00 (as of 2026-10-16)

AUM

$41,363,052

Average volume

887200.0

Dividend

$0.072

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

2.62

How Dividend Vision calculates yield and returns

Distribution rate (3.20%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.49%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Real Estate; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DRN risks and drawbacks

DRN's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 31.5%.

Who may consider DRN — and who may not

DRN may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (DRN pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DRN

• All tickers starting with D

Tagged: Leverage, Real Estate.

Frequently asked questions

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