DRNL vs. BLSG

Last updated Jun 26, 2026

DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and BLSG (Leverage Shares 2X Long BLSH Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while BLSG is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. DRNL charges 1.31%/yr vs 0.75%/yr for BLSG.

Performance

DRNL vs. BLSG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) and Leverage Shares 2X Long BLSH Daily ETF (BLSG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRNL

• 1D: -10.39%
• 1M: -43.38%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLSG

• 1D: -13.97%
• 1M: -63.39%
• YTD: -76.63%
• 6M: -81.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNL vs. BLSG - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-68.51%
BLSG Leverage Shares 2X Long BLSH Daily ETF	-67.09%

Correlation

The correlation between DRNL and BLSG is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 3, 2026	0.51

Return for Risk

DRNL vs. BLSG - 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 BLSH Daily ETF (BLSG). 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.

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

Drawdowns

DRNL vs. BLSG - Drawdown Comparison

The maximum DRNL drawdown since its inception was -70.63%, smaller than the maximum BLSG drawdown of -90.65%. Use the drawdown chart below to compare losses from any high point for DRNL and BLSG.

Drawdown Indicators

	DRNL	BLSG	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-90.65%	+20.02%
Current Drawdown Current decline from peak	-70.63%	-90.65%	+20.02%
Average Drawdown Average peak-to-trough decline	-39.98%	-62.14%	+22.16%

Volatility

Volatility by Period

	DRNL	BLSG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	141.57%	146.65%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	141.57%	146.65%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	141.57%	146.65%	-5.08%

DRNL vs. BLSG - Expense Ratio Comparison

DRNL has a 1.31% expense ratio, which is higher than BLSG's 0.75% expense ratio.

Dividends

DRNL vs. BLSG - Dividend Comparison

Neither DRNL nor BLSG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DRNL and BLSG in my portfolio?

DRNL and BLSG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRNL or BLSG?

On fees, BLSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRNL or BLSG?

BLSG is cheaper with a 0.75% expense ratio, compared with 1.31% for DRNL.

Which ETF pays a higher dividend yield, DRNL or BLSG?

DRNL and BLSG have nearly identical dividend yields, around 0.00%.

What is the main difference between DRNL and BLSG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for DRNL and 0.75% for BLSG.