DRNL vs. IREG
DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while IREG is actively managed. At a 0.49 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 0.75%/yr for IREG.
Performance
DRNL vs. IREG - Performance Comparison
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Returns By Period
DRNL
- 1D
- -10.39%
- 1M
- -43.38%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG
- 1D
- -10.36%
- 1M
- -42.59%
- YTD
- -13.71%
- 6M
- -29.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNL vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | -68.51% |
IREG Leverage Shares 2X Long IREN Daily ETF | -7.90% |
Correlation
The correlation between DRNL and IREG is 0.49, 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 | 0.49 |
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Return for Risk
DRNL vs. IREG - 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 IREN Daily ETF (IREG). 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.
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Drawdowns
DRNL vs. IREG - Drawdown Comparison
The maximum DRNL drawdown since its inception was -70.63%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for DRNL and IREG.
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Drawdown Indicators
| DRNL | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.63% | -80.08% | +9.45% |
Current DrawdownCurrent decline from peak | -70.63% | -65.61% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -39.98% | -44.46% | +4.48% |
Volatility
DRNL vs. IREG - Volatility Comparison
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Volatility by Period
| DRNL | IREG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 141.57% | 208.37% | -66.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.57% | 208.37% | -66.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.57% | 208.37% | -66.80% |
DRNL vs. IREG - Expense Ratio Comparison
DRNL has a 1.31% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
DRNL vs. IREG - Dividend Comparison
Neither DRNL nor IREG has paid dividends to shareholders.
Frequently Asked Questions
DRNL and IREG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 1.31% for DRNL.
DRNL and IREG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for DRNL and 0.75% for IREG.
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