DRNZ vs. AIPI

Last updated Jun 5, 2026

DRNZ (REX Drone ETF) and AIPI (REX AI Equity Premium Income ETF) are both exchange-traded funds - DRNZ is a Aerospace & Defense fund tracking the VettaFi Drone Index, while AIPI is a Derivative Income fund actively managed by REX. DRNZ is passively managed, while AIPI is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

DRNZ vs. AIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Drone ETF (DRNZ) and REX AI Equity Premium Income ETF (AIPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRNZ achieves a 27.64% return, which is significantly higher than AIPI's 10.97% return.

DRNZ

• 1D: 2.30%
• 1M: 9.00%
• YTD: 27.64%
• 6M: 32.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIPI

• 1D: 0.26%
• 1M: 9.17%
• YTD: 10.97%
• 6M: 9.91%
• 1Y: 29.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNZ vs. AIPI - Yearly Performance Comparison

	2026 (YTD)	2025
DRNZ REX Drone ETF	27.64%	-10.89%
AIPI REX AI Equity Premium Income ETF	10.97%	-2.85%

Correlation

The correlation between DRNZ and AIPI 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 Oct 30, 2025	0.54

Return for Risk

DRNZ vs. AIPI — Risk / Return Rank

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

AIPI

AIPI Risk / Return Rank: 50
AIPI Sharpe Ratio Rank: 56
AIPI Sortino Ratio Rank: 51
AIPI Omega Ratio Rank: 56
AIPI Calmar Ratio Rank: 43
AIPI Martin Ratio Rank: 41

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.

DRNZ vs. AIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Drone ETF (DRNZ) and REX AI Equity Premium Income ETF (AIPI). 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.

Sharpe Ratios by Period

	DRNZ	AIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.04	-0.56

Drawdowns

DRNZ vs. AIPI - Drawdown Comparison

The maximum DRNZ drawdown since its inception was -24.52%, roughly equal to the maximum AIPI drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for DRNZ and AIPI.

Drawdown Indicators

	DRNZ	AIPI	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-25.25%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.40%	—
Current Drawdown Current decline from peak	-5.32%	-0.55%	-4.77%
Average Drawdown Average peak-to-trough decline	-11.08%	-4.65%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.63%	—

Volatility

Volatility by Period

	DRNZ	AIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	50.73%	15.91%	+34.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.73%	21.37%	+29.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.73%	21.37%	+29.36%

DRNZ vs. AIPI - Expense Ratio Comparison

Both DRNZ and AIPI have an expense ratio of 0.65%.

Dividends

DRNZ vs. AIPI - Dividend Comparison

DRNZ has not paid dividends to shareholders, while AIPI's dividend yield for the trailing twelve months is around 34.72%.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	34.72%	37.84%	18.13%
DRNZ REX Drone ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRNZ and AIPI in my portfolio?

DRNZ and AIPI 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.

Which ETF is better, DRNZ or AIPI?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRNZ or AIPI?

DRNZ and AIPI have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, DRNZ or AIPI?

AIPI has the higher dividend yield at 34.72%, compared with 0.00% for DRNZ.

What is the main difference between DRNZ and AIPI?

DRNZ is categorized as Aerospace & Defense, while AIPI is Derivative Income.