DRLL vs. TIER

Last updated Aug 2, 2026

DRLL (Strive U.S. Energy ETF) and TIER (T. Rowe Price International Equity Research ETF) are both exchange-traded funds - DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index, while TIER is a Foreign Large Cap Equities fund actively managed by T. Rowe Price. DRLL is passively managed, while TIER is actively managed. Over the past year, DRLL returned 44.82% vs 28.71% for TIER. Their -0.12 correlation means they have often moved in opposite directions in the past. DRLL charges 0.41%/yr vs 0.38%/yr for TIER.

Performance

DRLL vs. TIER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Energy ETF (DRLL) and T. Rowe Price International Equity Research ETF (TIER). 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 TIER's 13.45% 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%

TIER

• 1D: -0.02%
• 1M: 0.20%
• 6M: 7.64%
• YTD: 13.45%
• 1Y: 28.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.17%

*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
TIER T. Rowe Price International Equity Research ETF	$89.46K	$365.95K	$202.50K

DRLL vs. TIER - Yearly Performance Comparison

	2026 (YTD)	2025
DRLL Strive U.S. Energy ETF	36.69%	6.31%
TIER T. Rowe Price International Equity Research ETF	13.45%	12.72%

Correlation

The correlation between DRLL and TIER is -0.15, 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.	-0.15
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	-0.12

DRLL vs. TIER - Sectors Allocation Comparison

Sectors	DRLL	TIER
Energy	99.1%	4.6%
Consumer Cyclical	0.9%	7.7%
Basic Materials	-	6.6%
Communication Services	-	5.1%
Consumer Defensive	-	4.4%
Financial Services	-	24.7%
Healthcare	-	5.8%
Industrials	-	13.4%
Real Estate	-	0.9%
Technology	-	24.4%
Utilities	-	2.5%

Return for Risk

DRLL vs. TIER — 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

TIER

TIER Risk / Return Rank: 71
TIER Sharpe Ratio Rank: 72
TIER Sortino Ratio Rank: 72
TIER Omega Ratio Rank: 74
TIER Calmar Ratio Rank: 67
TIER Martin Ratio Rank: 71

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. TIER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Energy ETF (DRLL) and T. Rowe Price International Equity Research ETF (TIER). 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	TIER	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.67	+0.15
Sortino ratio: Return per unit of downside risk	2.35	2.34	0.00
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.46	2.34	+0.12
Martin ratio: Return relative to average drawdown	6.27	8.83	-2.56

DRLL vs. TIER - Sharpe Ratio Comparison

The current DRLL Sharpe Ratio is 1.82, which is comparable to the TIER Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of DRLL and TIER, 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. TIER - Drawdown Comparison

The maximum DRLL drawdown since its inception was -23.73%, which is greater than TIER's maximum drawdown of -12.07%. Use the drawdown chart below to compare losses from any high point for DRLL and TIER.

Drawdown Indicators

	DRLL	TIER	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-12.07%	-11.66%
Max Drawdown (1Y) Largest decline over 1 year	-16.99%	-12.07%	-4.92%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	—	—
Current Drawdown Current decline from peak	-4.30%	-2.63%	-1.67%
Average Drawdown Average peak-to-trough decline	-8.14%	-1.91%	-6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.68%	3.20%	+3.48%

Volatility

DRLL vs. TIER - Volatility Comparison

Strive U.S. Energy ETF (DRLL) has a higher volatility of 6.71% compared to T. Rowe Price International Equity Research ETF (TIER) at 5.23%. This indicates that DRLL's price experiences larger fluctuations and is considered to be riskier than TIER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRLL	TIER	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	5.23%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	18.75%	15.16%	+3.59%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	17.01%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.80%	16.53%	+7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	16.53%	+7.27%

DRLL vs. TIER - Expense Ratio Comparison

DRLL has a 0.41% expense ratio, which is higher than TIER's 0.38% expense ratio.

Dividends

DRLL vs. TIER - Dividend Comparison

DRLL's dividend yield for the trailing twelve months is around 2.22%, more than TIER's 0.66% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.22%	2.99%	3.00%	3.01%	1.18%
TIER T. Rowe Price International Equity Research ETF	0.66%	0.74%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRLL and TIER in my portfolio?

DRLL and TIER have a correlation of -0.15, 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 TIER?

DRLL has higher volatility (6.71%) compared to TIER (5.23%). In terms of maximum drawdown, DRLL dropped -23.73% vs TIER's -12.07%.

Which ETF is better, DRLL or TIER?

On 1-year performance, DRLL leads with 44.82% vs 28.71% for TIER. On fees, TIER is cheaper at 0.38% per year. On volatility, TIER has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRLL or TIER?

Over the 1-year period, DRLL has performed better with a 44.82% return vs 28.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRLL or TIER?

TIER is cheaper with a 0.38% expense ratio, compared with 0.41% for DRLL.

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

DRLL has the higher dividend yield at 2.22%, compared with 0.66% for TIER.

What is the main difference between DRLL and TIER?

DRLL is categorized as Energy Equities, while TIER is Foreign Large Cap Equities. They also come from different issuers: Strive and T. Rowe Price. Their fees differ too: 0.41% for DRLL and 0.38% for TIER.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.82 vs 1.67), 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.