REW
REW (Direxion Daily Real Estate Bear 3X Shares) is an exchange-traded fund (ETF) that seeks to provide three times the inverse (opposite) of the daily performance of the MSCI U.S. REIT Index. It is designed for investors who want to gain leveraged short exposure to the real estate sector.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 23, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-6.88%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
87.72%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
53.55%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
132.68%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
0.56
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.39
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Start Optimizing NowFrequently Asked Questions
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REW typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the fund and any net investment income.
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REW uses financial derivatives to achieve three times the inverse daily performance of the MSCI U.S. REIT Index. The fund rebalances daily to maintain its leverage ratio, which can lead to amplified gains in falling markets and amplified losses in rising markets.
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REW is managed by Direxion, which employs a leveraged inverse strategy to achieve its objective. The fund uses financial derivatives, such as futures contracts, options, and swaps, to deliver three times the inverse daily performance of the MSCI U.S. REIT Index.
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Key performance metrics for REW include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV reflects the per-share value of the ETF, daily returns show the performance relative to the MSCI U.S. REIT Index, the expense ratio indicates the cost of managing the fund, and tracking error measures how closely the fund tracks its target index.
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Similar ETFs to REW include: SRS (ProShares UltraShort Real Estate), which seeks to provide two times the inverse daily performance of the Dow Jones U.S. Real Estate Index; DRV (ProShares UltraShort Real Estate), which aims to deliver three times the inverse daily performance of the Dow Jones U.S. Real Estate Index; and REK (ProShares Short Real Estate), which focuses on providing the inverse daily performance of the Dow Jones U.S. Real Estate Index, but with a single times leverage.
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REW has an expense ratio of approximately 1.09%. This fee covers the costs of managing and operating the fund, including administrative and management expenses.
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REW adjusts its holdings and leverage to reflect changes in the MSCI U.S. REIT Index. The ETF rebalances daily to maintain its 3x inverse leverage ratio, which involves buying or selling derivatives to achieve the desired exposure.
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Risks include significant potential losses due to the leveraged inverse nature of the ETF. Leveraged inverse ETFs can experience high volatility and are generally more suitable for short-term trading rather than long-term investing. The daily reset of leverage can lead to performance deviations over longer periods.
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REW aims to deliver three times the inverse daily performance of the MSCI U.S. REIT Index. As a leveraged inverse ETF, its performance can differ significantly from the index over longer periods due to compounding effects and daily rebalancing. It is intended for short-term trading and not for long-term holding.
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Yes, REW can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged inverse nature and high volatility, it is essential to consider how it fits with your overall investment strategy and risk tolerance.
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