DRNL vs. TSMG
DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. DRNL is passively managed, while TSMG is actively managed. At a 0.42 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 0.75%/yr for TSMG.
Performance
DRNL vs. TSMG - Performance Comparison
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Returns By Period
DRNL
- 1D
- 5.35%
- 1M
- 47.88%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMG
- 1D
- -13.98%
- 1M
- -4.93%
- YTD
- 65.60%
- 6M
- 74.89%
- 1Y
- 233.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNL vs. TSMG - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | -20.42% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 27.54% |
Correlation
The correlation between DRNL and TSMG 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 |
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Return for Risk
DRNL vs. TSMG — Risk / Return Rank
DRNL
TSMG
DRNL vs. TSMG - 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 TSM Daily ETF (TSMG). 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 | TSMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 1.43 | -1.86 |
Drawdowns
DRNL vs. TSMG - Drawdown Comparison
The maximum DRNL drawdown since its inception was -58.58%, smaller than the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for DRNL and TSMG.
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Drawdown Indicators
| DRNL | TSMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.58% | -63.67% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.29% | — |
Current DrawdownCurrent decline from peak | -31.90% | -14.78% | -17.12% |
Average DrawdownAverage peak-to-trough decline | -36.20% | -16.93% | -19.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.83% | — |
Volatility
DRNL vs. TSMG - Volatility Comparison
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Volatility by Period
| DRNL | TSMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 57.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 137.00% | 73.11% | +63.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.00% | 81.80% | +55.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.00% | 81.80% | +55.20% |
DRNL vs. TSMG - Expense Ratio Comparison
DRNL has a 1.31% expense ratio, which is higher than TSMG's 0.75% expense ratio.
Dividends
DRNL vs. TSMG - Dividend Comparison
DRNL has not paid dividends to shareholders, while TSMG's dividend yield for the trailing twelve months is around 6.93%.
| Position | TTM | 2025 |
|---|---|---|
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF | 0.00% | 0.00% |
TSMG Leverage Shares 2X Long TSM Daily ETF | 6.93% | 11.48% |
Frequently Asked Questions
DRNL and TSMG 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, TSMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSMG is cheaper with a 0.75% expense ratio, compared with 1.31% for DRNL.
TSMG has the higher dividend yield at 6.93%, compared with 0.00% for DRNL.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for DRNL and 0.75% for TSMG.
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