DRNL vs. QTJL
DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. DRNL is passively managed, while QTJL is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. DRNL charges 1.31%/yr vs 0.79%/yr for QTJL.
Performance
DRNL vs. QTJL - Performance Comparison
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Returns By Period
DRNL
- 1D
- -10.22%
- 1M
- -46.95%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTJL
- 1D
- -1.51%
- 1M
- -2.95%
- 6M
- 3.48%
- YTD
- 4.13%
- 1Y
- 13.53%
- 3Y*
- 16.55%
- 5Y*
- 9.73%
- 10Y*
- —
DRNL vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | -75.76% |
QTJL Innovator Growth Accelerated Plus ETF - July | 3.60% |
Correlation
The correlation between DRNL and QTJL is 0.54, 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 | 0.54 |
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Return for Risk
DRNL vs. QTJL — Risk / Return Rank
DRNL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTJL
DRNL vs. QTJL - 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 Innovator Growth Accelerated Plus ETF - July (QTJL). 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 | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.03 | — |
| Martin ratioReturn relative to average drawdown | — | 10.11 | — |
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Drawdowns
DRNL vs. QTJL - Drawdown Comparison
The maximum DRNL drawdown since its inception was -77.39%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for DRNL and QTJL.
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Drawdown Indicators
| DRNL | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.39% | -33.40% | -43.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.40% | — |
Current DrawdownCurrent decline from peak | -77.39% | -3.17% | -74.22% |
Average DrawdownAverage peak-to-trough decline | -44.57% | -7.77% | -36.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.34% | — |
Volatility
DRNL vs. QTJL - Volatility Comparison
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Volatility by Period
| DRNL | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.22% | 10.63% | +127.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.22% | 20.34% | +117.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.22% | 20.27% | +117.95% |
DRNL vs. QTJL - Expense Ratio Comparison
DRNL has a 1.31% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
DRNL vs. QTJL - Dividend Comparison
Neither DRNL nor QTJL has paid dividends to shareholders.
Frequently Asked Questions
DRNL and QTJL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTJL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTJL is cheaper with a 0.79% expense ratio, compared with 1.31% for DRNL.
DRNL and QTJL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for DRNL and 0.79% for QTJL.
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