DRNL vs. MSTX
DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both Leveraged Equities funds from Defiance. DRNL is passively managed, while MSTX is actively managed. At a 0.42 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 1.29%/yr for MSTX.
Performance
DRNL vs. MSTX - Performance Comparison
Loading charts...
Returns By Period
DRNL
- 1D
- 5.35%
- 1M
- 47.88%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -14.14%
- 1M
- -61.71%
- YTD
- -59.64%
- 6M
- -72.15%
- 1Y
- -95.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNL vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | -20.42% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -33.30% |
Correlation
The correlation between DRNL and MSTX is 0.42, 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 4, 2026 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRNL vs. MSTX — Risk / Return Rank
DRNL
MSTX
DRNL vs. MSTX - 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 Daily Target 2X Long MSTR ETF (MSTX). 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.
Loading charts...
Sharpe Ratios by Period
| DRNL | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | -0.43 | 0.00 |
Drawdowns
DRNL vs. MSTX - Drawdown Comparison
The maximum DRNL drawdown since its inception was -58.58%, smaller than the maximum MSTX drawdown of -98.76%. Use the drawdown chart below to compare losses from any high point for DRNL and MSTX.
Loading charts...
Drawdown Indicators
| DRNL | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.58% | -98.76% | +40.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.86% | — |
Current DrawdownCurrent decline from peak | -31.90% | -98.76% | +66.86% |
Average DrawdownAverage peak-to-trough decline | -36.20% | -70.07% | +33.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 75.75% | — |
Volatility
DRNL vs. MSTX - Volatility Comparison
Loading charts...
Volatility by Period
| DRNL | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 112.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 137.00% | 140.49% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.00% | 167.45% | -30.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.00% | 167.45% | -30.45% |
DRNL vs. MSTX - Expense Ratio Comparison
DRNL has a 1.31% expense ratio, which is higher than MSTX's 1.29% expense ratio.
Dividends
DRNL vs. MSTX - Dividend Comparison
Neither DRNL nor MSTX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | 0.00% | 0.00% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Frequently Asked Questions
DRNL and MSTX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSTX is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSTX is cheaper with a 1.29% expense ratio, compared with 1.31% for DRNL.
DRNL and MSTX have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.31% for DRNL and 1.29% for MSTX.
Find the right allocation for DRNL and MSTX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer