DRNL vs. HOOG

Last updated Jul 18, 2026

DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while HOOG is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. DRNL charges 1.31%/yr vs 0.75%/yr for HOOG.

Performance

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

Returns By Period

DRNL

• 1D: -4.43%
• 1M: -48.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: -11.45%
• 1M: -14.29%
• 6M: -41.19%
• YTD: -46.91%
• 1Y: -53.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNL vs. HOOG - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-76.83%
HOOG Leverage Shares 2X Long HOOD Daily ETF	24.56%

Correlation

The correlation between DRNL and HOOG is 0.63, 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	0.63

Return for Risk

DRNL vs. HOOG — Risk / Return Rank

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

DRNL

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

HOOG

HOOG Risk / Return Rank: 7
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 10
HOOG Omega Ratio Rank: 10
HOOG Calmar Ratio Rank: 4
HOOG Martin Ratio Rank: 5

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.

DRNL vs. HOOG - 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 HOOD Daily ETF (HOOG). 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.

	DRNL	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.39	—
Sortino ratio: Return per unit of downside risk	—	0.21	—
Omega ratio: Gain probability vs. loss probability	—	1.02	—
Calmar ratio: Return relative to maximum drawdown	—	-0.62	—
Martin ratio: Return relative to average drawdown	—	-0.91	—

Drawdowns

DRNL vs. HOOG - Drawdown Comparison

The maximum DRNL drawdown since its inception was -78.39%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for DRNL and HOOG.

Drawdown Indicators

	DRNL	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-78.39%	-86.94%	+8.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-78.39%	-75.24%	-3.15%
Average Drawdown Average peak-to-trough decline	-44.93%	-40.65%	-4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	58.89%	—

Volatility

Volatility by Period

	DRNL	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	42.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	137.58%	139.47%	-1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.58%	144.64%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.58%	144.64%	-7.06%

DRNL vs. HOOG - Expense Ratio Comparison

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

Dividends

DRNL vs. HOOG - Dividend Comparison

DRNL has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 23.18%.

Position	TTM	2025
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	0.00%	0.00%
HOOG Leverage Shares 2X Long HOOD Daily ETF	23.18%	12.30%

Frequently Asked Questions

Can I hold both DRNL and HOOG in my portfolio?

DRNL and HOOG have a correlation of 0.63, 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 HOOG?

On fees, HOOG 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 HOOG?

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

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

HOOG has the higher dividend yield at 23.18%, compared with 0.00% for DRNL.

What is the main difference between DRNL and HOOG?

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