DRV provides 3x inverse leverage exposure to the Real Estate Select Sector Index. DRV has exposure to the large-cap segment of the US Real Estate Sector as defined by GICS. The index applies certain caps to aid diversification rules imposed on RICs. The capping constraints of the index are: no group entity exceeds 25% of index weight, and no group entities with weight above 5% can exceed 50% of the index weight. Due to the fund's daily rebalancing, long-term returns are difficult to predict due to path dependency and compounding. As a result, DRV should be treated as a short-term trading vehicle as opposed to a long-term investment. Prior to February 28, 2022, the fund was named Direxion Daily MSCI Real Estate Bear 3X Shares, and tracked the MSCI US IMI Real Estate 25/50 Index.