DRNL vs. TSMG

Last updated Jul 16, 2026

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 0.46 correlation, their price movements are largely independent. DRNL charges 1.31%/yr vs 0.75%/yr for TSMG.

Performance

DRNL vs. TSMG - 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 Leverage Shares 2X Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRNL

• 1D: -4.23%
• 1M: -44.35%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -0.50%
• 1M: -12.36%
• 6M: 42.06%
• YTD: 63.05%
• 1Y: 144.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNL vs. TSMG - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-73.00%
TSMG Leverage Shares 2X Long TSM Daily ETF	15.01%

Correlation

The correlation between DRNL and TSMG is 0.46, 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 3, 2026	0.46

Return for Risk

DRNL vs. TSMG — Risk / Return Rank

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

DRNL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSMG

TSMG Risk / Return Rank: 72
TSMG Sharpe Ratio Rank: 71
TSMG Sortino Ratio Rank: 63
TSMG Omega Ratio Rank: 58
TSMG Calmar Ratio Rank: 88
TSMG Martin Ratio Rank: 81

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. 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.

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	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.83	—
Sortino ratio: Return per unit of downside risk	—	2.35	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	4.12	—
Martin ratio: Return relative to average drawdown	—	12.37	—

Drawdowns

DRNL vs. TSMG - Drawdown Comparison

The maximum DRNL drawdown since its inception was -76.26%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for DRNL and TSMG.

Drawdown Indicators

	DRNL	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-76.26%	-63.67%	-12.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-74.82%	-24.00%	-50.82%
Average Drawdown Average peak-to-trough decline	-44.22%	-16.60%	-27.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.74%	—

Volatility

Volatility by Period

	DRNL	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	34.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	64.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	138.14%	79.58%	+58.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.14%	84.11%	+54.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.14%	84.11%	+54.03%

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 7.04%.

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	7.04%	11.48%

Frequently Asked Questions

Can I hold both DRNL and TSMG in my portfolio?

DRNL and TSMG have a correlation of 0.46, 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 TSMG?

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.

Which ETF is cheaper, DRNL or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.31% for DRNL.

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

TSMG has the higher dividend yield at 7.04%, compared with 0.00% for DRNL.

What is the main difference between DRNL and TSMG?

They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for DRNL and 0.75% for TSMG.