BTCL vs. DRNZ

Last updated Jul 11, 2026

BTCL (T-REX 2X Long Bitcoin Daily Target ETF) and DRNZ (REX Drone ETF) are both exchange-traded funds - BTCL is a Leveraged Cryptocurrency fund actively managed by REX, while DRNZ is a Aerospace & Defense fund tracking the VettaFi Drone Index. BTCL is actively managed, while DRNZ is passively managed. At a 0.46 correlation, their price movements are largely independent. BTCL charges 0.95%/yr vs 0.65%/yr for DRNZ.

Performance

BTCL vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and REX Drone ETF (DRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BTCL achieves a -56.85% return, which is significantly lower than DRNZ's -2.68% return.

BTCL

• 1D: 1.63%
• 1M: -1.34%
• 6M: -59.23%
• YTD: -56.85%
• 1Y: -80.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRNZ

• 1D: -2.03%
• 1M: -13.37%
• 6M: -24.05%
• YTD: -2.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTCL vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-56.85%	-45.49%
DRNZ REX Drone ETF	-2.68%	-12.91%

Correlation

The correlation between BTCL and DRNZ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.46

Return for Risk

BTCL vs. DRNZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCL

BTCL Risk / Return Rank: 1
BTCL Sharpe Ratio Rank: 2
BTCL Sortino Ratio Rank: 1
BTCL Omega Ratio Rank: 1
BTCL Calmar Ratio Rank: 1
BTCL Martin Ratio Rank: 2

DRNZ

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCL vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long Bitcoin Daily Target ETF (BTCL) 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.

	BTCL	DRNZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	—	—
Sortino ratio: Return per unit of downside risk	-1.72	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.39	—	—

Drawdowns

BTCL vs. DRNZ - Drawdown Comparison

The maximum BTCL drawdown since its inception was -84.01%, which is greater than DRNZ's maximum drawdown of -29.17%. Use the drawdown chart below to compare losses from any high point for BTCL and DRNZ.

Drawdown Indicators

	BTCL	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-84.01%	-29.17%	-54.84%
Max Drawdown (1Y) Largest decline over 1 year	-84.01%	—	—
Current Drawdown Current decline from peak	-81.24%	-27.80%	-53.44%
Average Drawdown Average peak-to-trough decline	-36.47%	-12.98%	-23.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.65%	—	—

Volatility

Volatility by Period

	BTCL	DRNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	70.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	88.74%	50.69%	+38.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.19%	50.69%	+46.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.19%	50.69%	+46.50%

BTCL vs. DRNZ - Expense Ratio Comparison

BTCL has a 0.95% expense ratio, which is higher than DRNZ's 0.65% expense ratio.

Dividends

BTCL vs. DRNZ - Dividend Comparison

BTCL's dividend yield for the trailing twelve months is around 3.93%, while DRNZ has not paid dividends to shareholders.

Position	TTM	2025	2024
BTCL T-REX 2X Long Bitcoin Daily Target ETF	3.93%	1.70%	4.35%
DRNZ REX Drone ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BTCL and DRNZ in my portfolio?

BTCL and DRNZ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTCL 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, BTCL or DRNZ?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.95% for BTCL.

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

BTCL has the higher dividend yield at 3.93%, compared with 0.00% for DRNZ.

What is the main difference between BTCL and DRNZ?

BTCL is categorized as Leveraged Cryptocurrency, while DRNZ is Aerospace & Defense. Their fees differ too: 0.95% for BTCL and 0.65% for DRNZ.