DRLL vs. GXPE

Last updated Aug 2, 2026

DRLL (Strive U.S. Energy ETF) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - DRLL tracks the Bloomberg US Energy Select Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. Over the past year, DRLL returned 44.82% vs 42.07% for GXPE. Their 0.97 correlation means they have historically moved very closely together. DRLL charges 0.41%/yr vs 0.15%/yr for GXPE.

Performance

DRLL vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and Global X PureCap MSCI Energy ETF (GXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRLL achieves a 36.69% return, which is significantly higher than GXPE's 34.48% return.

DRLL

• 1D: 0.80%
• 1M: 14.19%
• 6M: 21.14%
• YTD: 36.69%
• 1Y: 44.82%
• 3Y*: 12.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.77%

GXPE

• 1D: 0.83%
• 1M: 12.27%
• 6M: 17.67%
• YTD: 34.48%
• 1Y: 42.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.70%

*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)
DRLL Strive U.S. Energy ETF	$463.62K	$500.96K	$563.89K
GXPE Global X PureCap MSCI Energy ETF	$27.82K	$19.84K	$23.45K

DRLL vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
DRLL Strive U.S. Energy ETF	36.69%	4.95%
GXPE Global X PureCap MSCI Energy ETF	34.48%	4.62%

Correlation

The correlation between DRLL and GXPE is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.97

The correlation between DRLL and GXPE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

DRLL vs. GXPE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DRLL

DRLL Risk / Return Rank: 70
DRLL Sharpe Ratio Rank: 79
DRLL Sortino Ratio Rank: 72
DRLL Omega Ratio Rank: 72
DRLL Calmar Ratio Rank: 71
DRLL Martin Ratio Rank: 53

GXPE

GXPE Risk / Return Rank: 73
GXPE Sharpe Ratio Rank: 83
GXPE Sortino Ratio Rank: 77
GXPE Omega Ratio Rank: 75
GXPE Calmar Ratio Rank: 72
GXPE Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DRLL vs. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) and Global X PureCap MSCI Energy ETF (GXPE). 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.

	DRLL	GXPE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.92	-0.11
Sortino ratio: Return per unit of downside risk	2.35	2.51	-0.17
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.46	2.54	-0.08
Martin ratio: Return relative to average drawdown	6.27	6.75	-0.47

DRLL vs. GXPE - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 1.82, which is comparable to the GXPE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of DRLL and GXPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRLL vs. GXPE - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, which is greater than GXPE's maximum drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for DRLL and GXPE.

Drawdown Indicators

	DRLL	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-15.73%	-8.00%
Max Drawdown (1Y) Largest decline over 1 year	-16.99%	-15.73%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	—	—
Current Drawdown Current decline from peak	-4.30%	-4.53%	+0.23%
Average Drawdown Average peak-to-trough decline	-8.14%	-4.28%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.68%	5.93%	+0.75%

Volatility

DRLL vs. GXPE - Volatility Comparison

Strive U.S. Energy ETF (DRLL) has a higher volatility of 6.71% compared to Global X PureCap MSCI Energy ETF (GXPE) at 5.85%. This indicates that DRLL's price experiences larger fluctuations and is considered to be riskier than GXPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLL	GXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	5.85%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	18.75%	16.76%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	20.77%	+2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.80%	20.64%	+3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	20.64%	+3.16%

DRLL vs. GXPE - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

DRLL vs. GXPE - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.22%, more than GXPE's 2.07% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.22%	2.99%	3.00%	3.01%	1.18%
GXPE Global X PureCap MSCI Energy ETF	2.07%	1.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRLL and GXPE in my portfolio?

With a correlation of 0.98, DRLL and GXPE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DRLL or GXPE?

DRLL has higher volatility (6.71%) compared to GXPE (5.85%). In terms of maximum drawdown, DRLL dropped -23.73% vs GXPE's -15.73%.

Which ETF is better, DRLL or GXPE?

On 1-year performance, DRLL leads with 44.82% vs 42.07% for GXPE. On fees, GXPE is cheaper at 0.15% per year. On volatility, GXPE has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRLL or GXPE?

Over the 1-year period, DRLL has performed better with a 44.82% return vs 42.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRLL or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.41% for DRLL.

Which ETF pays a higher dividend yield, DRLL or GXPE?

DRLL has the higher dividend yield at 2.22%, compared with 2.07% for GXPE.

What is the main difference between DRLL and GXPE?

DRLL tracks Bloomberg US Energy Select Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: Strive and Global X. Their fees differ too: 0.41% for DRLL and 0.15% for GXPE.

Which has better risk-adjusted returns?

GXPE currently has the higher Sharpe Ratio (1.92 vs 1.82), 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.