DRNL vs. CRWG

Last updated Jul 16, 2026

DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and CRWG (Leverage Shares 2X Long CRWV Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while CRWG is actively managed. At a 0.38 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 0.75%/yr for CRWG.

Performance

DRNL vs. CRWG - 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 CRWV Daily ETF (CRWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRNL

• 1D: -4.23%
• 1M: -44.35%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRWG

• 1D: -6.99%
• 1M: -51.81%
• 6M: -56.10%
• YTD: -32.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNL vs. CRWG - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-73.00%
CRWG Leverage Shares 2X Long CRWV Daily ETF	-29.92%

Correlation

The correlation between DRNL and CRWG is 0.38, 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 3, 2026	0.38

Return for Risk

DRNL vs. CRWG - 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 CRWV Daily ETF (CRWG). 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. CRWG - Drawdown Comparison

The maximum DRNL drawdown since its inception was -76.26%, smaller than the maximum CRWG drawdown of -89.96%. Use the drawdown chart below to compare losses from any high point for DRNL and CRWG.

Drawdown Indicators

	DRNL	CRWG	Difference
Max Drawdown Largest peak-to-trough decline	-76.26%	-89.96%	+13.70%
Current Drawdown Current decline from peak	-74.82%	-89.96%	+15.14%
Average Drawdown Average peak-to-trough decline	-44.22%	-69.97%	+25.75%

Volatility

Volatility by Period

	DRNL	CRWG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	138.14%	188.17%	-50.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.14%	188.17%	-50.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.14%	188.17%	-50.03%

DRNL vs. CRWG - Expense Ratio Comparison

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

Dividends

DRNL vs. CRWG - Dividend Comparison

DRNL has not paid dividends to shareholders, while CRWG's dividend yield for the trailing twelve months is around 11.00%.

Position	TTM	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	11.00%	7.39%
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRNL and CRWG in my portfolio?

DRNL and CRWG have a correlation of 0.38, 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 CRWG?

On fees, CRWG 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 CRWG?

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

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

CRWG has the higher dividend yield at 11.00%, compared with 0.00% for DRNL.

What is the main difference between DRNL and CRWG?

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