APMU vs. DRLL
APMU (ActivePassive Intermediate Municipal Bond ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - APMU is a Municipal Bonds fund actively managed by ActivePassive, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. APMU is actively managed, while DRLL is passively managed. Over the past 3 years, APMU returned 2.79%/yr vs 11.02%/yr for DRLL. Their -0.09 correlation means they have often moved in opposite directions in the past. APMU charges 0.36%/yr vs 0.41%/yr for DRLL.
Performance
APMU vs. DRLL - Performance Comparison
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Returns By Period
In the year-to-date period, APMU achieves a -0.05% return, which is significantly lower than DRLL's 29.95% return.
APMU
- 1D
- 0.12%
- 1M
- -1.14%
- 6M
- -1.03%
- YTD
- -0.05%
- 1Y
- 1.84%
- 3Y*
- 2.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.00%
DRLL
- 1D
- -2.68%
- 1M
- 8.84%
- 6M
- 11.16%
- YTD
- 29.95%
- 1Y
- 37.23%
- 3Y*
- 11.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $481.84K | $1.03M | $774.78K | |
| $478.10K | $507.89K | $528.94K |
APMU vs. DRLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
APMU ActivePassive Intermediate Municipal Bond ETF | -0.05% | 4.50% | 0.86% | 1.24% |
DRLL Strive U.S. Energy ETF | 29.95% | 7.74% | 0.02% | 5.92% |
Correlation
The correlation between APMU and DRLL is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (All Time) Calculated using the full available price history since May 3, 2023 | -0.09 |
The correlation between APMU and DRLL shifts across timeframes, from -0.28 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
APMU vs. DRLL — Risk / Return Rank
APMU
DRLL
APMU vs. DRLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ActivePassive Intermediate Municipal Bond ETF (APMU) and Strive U.S. Energy ETF (DRLL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| APMU | DRLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.20 | -1.43 |
| Martin ratioReturn relative to average drawdown | 1.89 | 5.57 | -3.67 |
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Drawdowns
APMU vs. DRLL - Drawdown Comparison
The maximum APMU drawdown since its inception was -4.39%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for APMU and DRLL.
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Drawdown Indicators
| APMU | DRLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.39% | -23.73% | +19.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -16.99% | +14.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -23.73% | +21.05% |
Current DrawdownCurrent decline from peak | -1.65% | -9.02% | +7.37% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -8.14% | +7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 6.71% | -5.73% |
Volatility
APMU vs. DRLL - Volatility Comparison
The current volatility for ActivePassive Intermediate Municipal Bond ETF (APMU) is 0.88%, while Strive U.S. Energy ETF (DRLL) has a volatility of 7.42%. This indicates that APMU experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APMU | DRLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 7.42% | -6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 18.67% | -16.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 23.14% | -20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 23.82% | -21.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.81% | 23.82% | -21.01% |
APMU vs. DRLL - Expense Ratio Comparison
APMU has a 0.36% expense ratio, which is lower than DRLL's 0.41% expense ratio.
Dividends
APMU vs. DRLL - Dividend Comparison
APMU's dividend yield for the trailing twelve months is around 2.73%, more than DRLL's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APMU ActivePassive Intermediate Municipal Bond ETF | 2.73% | 2.63% | 2.42% | 1.31% | 0.00% |
DRLL Strive U.S. Energy ETF | 2.34% | 2.99% | 3.00% | 3.01% | 1.18% |
Frequently Asked Questions
APMU and DRLL have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRLL has higher volatility (7.42%) compared to APMU (0.88%). In terms of maximum drawdown, APMU dropped -4.39% vs DRLL's -23.73%.
On 3-year performance, DRLL leads with 11.02% vs 2.79% for APMU. On fees, APMU is cheaper at 0.36% per year. On volatility, APMU has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DRLL has performed better with a 11.02% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
APMU is cheaper with a 0.36% expense ratio, compared with 0.41% for DRLL.
APMU has the higher dividend yield at 2.73%, compared with 2.34% for DRLL.
APMU is categorized as Municipal Bonds, while DRLL is Energy Equities. They also come from different issuers: ActivePassive and Strive. Their fees differ too: 0.36% for APMU and 0.41% for DRLL.
DRLL currently has the higher Sharpe Ratio (1.62 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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