- Issuer
- Defiance
- Inception Date
- Mar 2, 2026
- Region
- North America (United States)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- BITA Pure Drone and Aerial Automation Index
- Asset Class
- Equity
Share Price Chart
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Performance
DRNL Performance Chart
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Returns By Period
Defiance 2X Daily Long Pure Drone & Aerial Automation ETF
- 1D
- 2.97%
- 1M
- -10.83%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
DRNL Monthly Returns History
Based on dividend-adjusted daily data since Mar 3, 2026, DRNL's average daily return is -0.62%, while the average monthly return is -10.27%.
Historically, 50% of months were positive and 50% were negative. The best month was May 2026 with a return of +45.5%, while the worst month was Mar 2026 at -45.2%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 1 months.
On a daily basis, DRNL closed higher 47% of trading days. The best single day was May 28, 2026 with a return of +37.7%, while the worst single day was Jun 5, 2026 at -26.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -45.24% | 1.36% | 45.53% | -42.73% | -53.74% |
Benchmark Metrics
Defiance 2X Daily Long Pure Drone & Aerial Automation ETF has an annualized alpha of -95.15%, beta of 5.55, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since March 03, 2026.
- This ETF captured 641.51% of S&P 500 Index gains and 278.64% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -95.15%
- Beta
- 5.55
- R²
- 0.36
- Upside Capture
- 641.51%
- Downside Capture
- 278.64%
Expense Ratio
DRNL has a high expense ratio of 1.31%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DRNL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance 2X Daily Long Pure Drone & Aerial Automation ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance 2X Daily Long Pure Drone & Aerial Automation ETF was 58.65%, occurring on Jun 10, 2026. The portfolio has not yet recovered.
The current Defiance 2X Daily Long Pure Drone & Aerial Automation ETF drawdown is 56.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -58.65%Jun 2026 | 2mo 24d | — | 3mo 6dMar 2026 - now |
2026 pullback2026 | -8.31%Mar 2026 | 3d | 1d | 4dMar 2026 - Mar 2026 |
2026 pullback2026 | -8.25%Mar 2026 | 0s | 8d | 8dMar 2026 - Mar 2026 |
Drawdown Indicators
| DRNL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.65% | -56.78% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -56.86% | -2.49% | -54.37% |
Average DrawdownAverage peak-to-trough decline | -38.64% | -10.72% | -27.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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