DRNL vs. MULL
DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while MULL is actively managed. At a 0.26 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 1.50%/yr for MULL.
Performance
DRNL vs. MULL - Performance Comparison
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Returns By Period
DRNL
- 1D
- 5.35%
- 1M
- 47.88%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MULL
- 1D
- -15.62%
- 1M
- 119.20%
- YTD
- 774.91%
- 6M
- 1,229.17%
- 1Y
- 5,016.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNL vs. MULL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | -20.42% |
MULL GraniteShares 2x Long MU Daily ETF | 449.40% |
Correlation
The correlation between DRNL and MULL is 0.26, 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 | 0.26 |
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Return for Risk
DRNL vs. MULL — Risk / Return Rank
DRNL
MULL
DRNL vs. MULL - 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 GraniteShares 2x Long MU Daily ETF (MULL). 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.
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Sharpe Ratios by Period
| DRNL | MULL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 38.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 6.53 | -6.96 |
Drawdowns
DRNL vs. MULL - Drawdown Comparison
The maximum DRNL drawdown since its inception was -58.58%, smaller than the maximum MULL drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for DRNL and MULL.
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Drawdown Indicators
| DRNL | MULL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.58% | -72.29% | +13.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.09% | — |
Current DrawdownCurrent decline from peak | -31.90% | -15.62% | -16.28% |
Average DrawdownAverage peak-to-trough decline | -36.20% | -20.61% | -15.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.82% | — |
Volatility
DRNL vs. MULL - Volatility Comparison
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Volatility by Period
| DRNL | MULL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 57.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 107.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 137.00% | 133.41% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.00% | 136.72% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.00% | 136.72% | +0.28% |
DRNL vs. MULL - Expense Ratio Comparison
DRNL has a 1.31% expense ratio, which is lower than MULL's 1.50% expense ratio.
Dividends
DRNL vs. MULL - Dividend Comparison
DRNL has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.04%.
| Position | TTM | 2025 |
|---|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | 0.00% | 0.00% |
MULL GraniteShares 2x Long MU Daily ETF | 0.04% | 0.39% |
Frequently Asked Questions
DRNL and MULL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRNL is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRNL is cheaper with a 1.31% expense ratio, compared with 1.50% for MULL.
MULL has the higher dividend yield at 0.04%, compared with 0.00% for DRNL.
They also come from different issuers: Defiance and GraniteShares. Their fees differ too: 1.31% for DRNL and 1.50% for MULL.
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