ARMY vs. DRNZ

Last updated Aug 2, 2026

ARMY (Tema International Defense ETF) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds. ARMY is actively managed, while DRNZ is passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. ARMY charges 0.68%/yr vs 0.65%/yr for DRNZ.

Performance

ARMY vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema International Defense ETF (ARMY) and REX Drone ETF (DRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARMY

• 1D: 0.13%
• 1M: -0.13%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DRNZ

• 1D: 0.56%
• 1M: -11.53%
• 6M: -18.37%
• YTD: -6.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARMY Tema International Defense ETF	$60.49K	$59.12K	$65.58K
DRNZ REX Drone ETF	$2.23M	$2.79M	$4.32M

ARMY vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)
ARMY Tema International Defense ETF	2.13%
DRNZ REX Drone ETF	-10.93%

Correlation

The correlation between ARMY and DRNZ is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.66

Return for Risk

ARMY vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema International Defense ETF (ARMY) and REX Drone ETF (DRNZ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ARMY vs. DRNZ - Drawdown Comparison

The maximum ARMY drawdown since its inception was -16.37%, smaller than the maximum DRNZ drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for ARMY and DRNZ.

Drawdown Indicators

	ARMY	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.37%	-34.12%	+17.75%
Current Drawdown Current decline from peak	-6.39%	-30.41%	+24.02%
Average Drawdown Average peak-to-trough decline	-7.53%	-14.30%	+6.77%

Volatility

Volatility by Period

	ARMY	DRNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.33%	50.55%	-19.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.33%	50.55%	-19.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.33%	50.55%	-19.22%

ARMY vs. DRNZ - Expense Ratio Comparison

ARMY has a 0.68% expense ratio, which is higher than DRNZ's 0.65% expense ratio.

Dividends

ARMY vs. DRNZ - Dividend Comparison

Neither ARMY nor DRNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARMY and DRNZ in my portfolio?

ARMY and DRNZ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMY or DRNZ?

On fees, DRNZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or DRNZ?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.68% for ARMY.

Which ETF pays a higher dividend yield, ARMY or DRNZ?

ARMY and DRNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between ARMY and DRNZ?

They also come from different issuers: Tema and REX. Their fees differ too: 0.68% for ARMY and 0.65% for DRNZ.