DRLL vs. RNWZ

Last updated Jun 4, 2026

DRLL (Strive U.S. Energy ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both Energy Equities funds. DRLL is passively managed, while RNWZ is actively managed. Over the past 3 years, DRLL returned 14.67%/yr vs 12.63%/yr for RNWZ. At a 0.20 correlation, their price movements are largely independent. DRLL charges 0.41%/yr vs 0.75%/yr for RNWZ.

Performance

DRLL vs. RNWZ - Performance Comparison

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

Returns By Period

In the year-to-date period, DRLL achieves a 31.26% return, which is significantly higher than RNWZ's 16.28% return.

DRLL

• 1D: 1.47%
• 1M: -1.82%
• YTD: 31.26%
• 6M: 27.14%
• 1Y: 43.09%
• 3Y*: 14.67%
• 5Y*: —
• 10Y*: —

RNWZ

• 1D: 0.20%
• 1M: -2.61%
• YTD: 16.28%
• 6M: 16.86%
• 1Y: 38.19%
• 3Y*: 12.63%
• 5Y*: —
• 10Y*: —

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

DRLL vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	31.26%	7.74%	0.02%	-1.84%	5.95%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.28%	36.33%	-7.36%	-3.89%	-0.19%

Correlation

The correlation between DRLL and RNWZ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.20

The correlation between DRLL and RNWZ shifts across timeframes, from -0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

DRLL vs. RNWZ - Sectors Allocation Comparison

Sectors	DRLL	RNWZ
Energy	99.1%	3.8%
Consumer Cyclical	0.9%	-
Basic Materials	-	4.5%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	6.9%
Healthcare	-	-
Industrials	-	5.3%
Real Estate	-	3.2%
Technology	-	-
Utilities	-	41.0%

Return for Risk

DRLL vs. RNWZ — Risk / Return Rank

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

DRLL

DRLL Risk / Return Rank: 55
DRLL Sharpe Ratio Rank: 57
DRLL Sortino Ratio Rank: 52
DRLL Omega Ratio Rank: 50
DRLL Calmar Ratio Rank: 63
DRLL Martin Ratio Rank: 52

RNWZ

RNWZ Risk / Return Rank: 80
RNWZ Sharpe Ratio Rank: 78
RNWZ Sortino Ratio Rank: 75
RNWZ Omega Ratio Rank: 76
RNWZ Calmar Ratio Rank: 92
RNWZ Martin Ratio Rank: 80

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.

DRLL vs. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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.

	DRLL	RNWZ	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.55	-0.61
Sortino ratio: Return per unit of downside risk	2.49	3.40	-0.91
Omega ratio: Gain probability vs. loss probability	1.32	1.45	-0.13
Calmar ratio: Return relative to maximum drawdown	3.11	6.33	-3.23
Martin ratio: Return relative to average drawdown	8.82	15.60	-6.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRLL vs. RNWZ - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 1.94, which is comparable to the RNWZ Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of DRLL and RNWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DRLL	RNWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.55	-0.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.61	-0.04

Drawdowns

DRLL vs. RNWZ - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, roughly equal to the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for DRLL and RNWZ.

Drawdown Indicators

	DRLL	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-24.90%	+1.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.93%	-6.06%	-7.87%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	-24.74%	+1.01%
Current Drawdown Current decline from peak	-8.10%	-4.46%	-3.64%
Average Drawdown Average peak-to-trough decline	-8.02%	-7.19%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	2.45%	+2.45%

Volatility

DRLL vs. RNWZ - Volatility Comparison

Strive U.S. Energy ETF (DRLL) has a higher volatility of 9.15% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 5.06%. This indicates that DRLL's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLL	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.15%	5.06%	+4.09%
Volatility (6M) Calculated over the trailing 6-month period	18.04%	11.86%	+6.18%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	15.06%	+7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.76%	16.99%	+6.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.76%	16.99%	+6.77%

DRLL vs. RNWZ - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is lower than RNWZ's 0.75% expense ratio.

Dividends

DRLL vs. RNWZ - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.33%, more than RNWZ's 1.93% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.33%	2.99%	3.00%	3.01%	1.18%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.93%	2.12%	2.36%	3.87%	0.01%

Frequently Asked Questions

Can I hold both DRLL and RNWZ in my portfolio?

DRLL and RNWZ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRLL or RNWZ?

DRLL has higher volatility (9.15%) compared to RNWZ (5.06%). In terms of maximum drawdown, DRLL dropped -23.73% vs RNWZ's -24.90%.

Which ETF is better, DRLL or RNWZ?

On 3-year performance, DRLL leads with 14.67% vs 12.63% for RNWZ. On fees, DRLL is cheaper at 0.41% per year. On volatility, RNWZ has been the lower-risk option at 5.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRLL or RNWZ?

Over the 3-year period, DRLL has performed better with a 14.67% return vs 12.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRLL or RNWZ?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.75% for RNWZ.

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

DRLL has the higher dividend yield at 2.33%, compared with 1.93% for RNWZ.

What is the main difference between DRLL and RNWZ?

They also come from different issuers: Strive and TrueShares. Their fees differ too: 0.41% for DRLL and 0.75% for RNWZ.

Which has better risk-adjusted returns?

RNWZ currently has the higher Sharpe Ratio (2.55 vs 1.94), 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.