DRNL vs. AMDG
DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while AMDG is actively managed. At a 0.39 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 0.75%/yr for AMDG.
Performance
DRNL vs. AMDG - Performance Comparison
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Returns By Period
DRNL
- 1D
- -26.64%
- 1M
- -6.30%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMDG
- 1D
- -21.69%
- 1M
- 15.58%
- YTD
- 258.39%
- 6M
- 240.36%
- 1Y
- 855.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNL vs. AMDG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | -41.62% |
AMDG Leverage Shares 2X Long AMD Daily ETF | 403.35% |
Correlation
The correlation between DRNL and AMDG is 0.39, 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 Mar 4, 2026 | 0.39 |
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Return for Risk
DRNL vs. AMDG — Risk / Return Rank
DRNL
AMDG
DRNL vs. AMDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DRNL | AMDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | 2.45 | -3.06 |
Drawdowns
DRNL vs. AMDG - Drawdown Comparison
The maximum DRNL drawdown since its inception was -58.58%, smaller than the maximum AMDG drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for DRNL and AMDG.
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Drawdown Indicators
| DRNL | AMDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.58% | -63.04% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -56.48% | — |
Current DrawdownCurrent decline from peak | -50.04% | -27.01% | -23.03% |
Average DrawdownAverage peak-to-trough decline | -36.41% | -25.65% | -10.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.85% | — |
Volatility
DRNL vs. AMDG - Volatility Comparison
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Volatility by Period
| DRNL | AMDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 44.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 98.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 145.57% | 131.87% | +13.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 145.57% | 131.49% | +14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 145.57% | 131.49% | +14.08% |
DRNL vs. AMDG - Expense Ratio Comparison
DRNL has a 1.31% expense ratio, which is higher than AMDG's 0.75% expense ratio.
Dividends
DRNL vs. AMDG - Dividend Comparison
DRNL has not paid dividends to shareholders, while AMDG's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 |
|---|---|---|
AMDG Leverage Shares 2X Long AMD Daily ETF | 3.13% | 11.21% |
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | 0.00% | 0.00% |
Frequently Asked Questions
DRNL and AMDG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMDG is cheaper with a 0.75% expense ratio, compared with 1.31% for DRNL.
AMDG has the higher dividend yield at 3.13%, compared with 0.00% for DRNL.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for DRNL and 0.75% for AMDG.
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