DRNL vs. IWMY

Last updated Jun 5, 2026

DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - DRNL is a Leveraged Equities fund tracking the BITA Pure Drone and Aerial Automation Index, while IWMY is a Options Trading fund tracking the Russell 2000 Index. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. DRNL charges 1.31%/yr vs 0.99%/yr for IWMY.

Performance

DRNL vs. IWMY - 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 Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRNL

• 1D: 5.35%
• 1M: 47.88%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMY

• 1D: 1.41%
• 1M: 2.87%
• YTD: 13.83%
• 6M: 12.08%
• 1Y: 24.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNL vs. IWMY - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-20.42%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	10.41%

Correlation

The correlation between DRNL and IWMY is 0.58, 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 4, 2026	0.58

Return for Risk

DRNL vs. IWMY — Risk / Return Rank

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

IWMY

IWMY Risk / Return Rank: 44
IWMY Sharpe Ratio Rank: 47
IWMY Sortino Ratio Rank: 43
IWMY Omega Ratio Rank: 43
IWMY Calmar Ratio Rank: 44
IWMY Martin Ratio Rank: 44

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. IWMY - 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 Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.

Sharpe Ratios by Period

	DRNL	IWMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.99	-1.42

Drawdowns

DRNL vs. IWMY - Drawdown Comparison

The maximum DRNL drawdown since its inception was -58.58%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for DRNL and IWMY.

Drawdown Indicators

	DRNL	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-58.58%	-18.72%	-39.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.57%	—
Current Drawdown Current decline from peak	-31.90%	0.00%	-31.90%
Average Drawdown Average peak-to-trough decline	-36.20%	-2.98%	-33.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.51%	—

Volatility

Volatility by Period

	DRNL	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	137.00%	15.74%	+121.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.00%	15.76%	+121.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.00%	15.76%	+121.24%

DRNL vs. IWMY - Expense Ratio Comparison

DRNL has a 1.31% expense ratio, which is higher than IWMY's 0.99% expense ratio.

Dividends

DRNL vs. IWMY - Dividend Comparison

DRNL has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 46.16%.

Position	TTM	2025	2024	2023
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	0.00%	0.00%	0.00%	0.00%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	46.16%	63.33%	107.92%	11.34%

Frequently Asked Questions

Can I hold both DRNL and IWMY in my portfolio?

DRNL and IWMY have a correlation of 0.58, 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 IWMY?

On fees, IWMY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRNL or IWMY?

IWMY is cheaper with a 0.99% expense ratio, compared with 1.31% for DRNL.

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

IWMY has the higher dividend yield at 46.16%, compared with 0.00% for DRNL.

What is the main difference between DRNL and IWMY?

DRNL is categorized as Leveraged Equities, while IWMY is Options Trading. DRNL tracks BITA Pure Drone and Aerial Automation Index, while IWMY tracks Russell 2000 Index. Their fees differ too: 1.31% for DRNL and 0.99% for IWMY.