DRNZ vs. DFNS.L

Last updated Apr 1, 2026

Compare and contrast key facts about REX Drone ETF (DRNZ) and VanEck Defense UCITS ETF (DFNS.L).

DRNZ and DFNS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRNZ is a passively managed fund by REX that tracks the performance of the VettaFi Drone Index. It was launched on Oct 29, 2025. DFNS.L is a passively managed fund by VanEck that tracks the performance of the MarketVector™ Global Defense Industry Index. It was launched on Mar 31, 2023. Both DRNZ and DFNS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DRNZ vs. DFNS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Drone ETF (DRNZ) and VanEck Defense UCITS ETF (DFNS.L). The values are adjusted to include any dividend payments, if applicable.

DRNZ vs. DFNS.L - Yearly Performance Comparison

	2026 (YTD)	2025
DRNZ REX Drone ETF	9.89%	-10.89%
DFNS.L VanEck Defense UCITS ETF	6.45%	-4.46%

Returns By Period

In the year-to-date period, DRNZ achieves a 9.89% return, which is significantly higher than DFNS.L's 6.45% return.

DRNZ

• 1D: 4.34%
• 1M: -7.48%
• YTD: 9.89%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFNS.L

• 1D: 0.15%
• 1M: -7.06%
• YTD: 6.45%
• 6M: 0.22%
• 1Y: 48.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNZ vs. DFNS.L - Expense Ratio Comparison

DRNZ has a 0.65% expense ratio, which is higher than DFNS.L's 0.55% expense ratio.

DRNZ

REX Drone ETF

DFNS.L

VanEck Defense UCITS ETF

Return for Risk

DRNZ vs. DFNS.L — Risk / Return Rank

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

DFNS.L

DFNS.L Risk / Return Rank: 87
DFNS.L Sharpe Ratio Rank: 89
DFNS.L Sortino Ratio Rank: 90
DFNS.L Omega Ratio Rank: 84
DFNS.L Calmar Ratio Rank: 91
DFNS.L Martin Ratio Rank: 80

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. DFNS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Drone ETF (DRNZ) and VanEck Defense UCITS ETF (DFNS.L). 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	DFNS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	2.28	-2.37

Correlation

The correlation between DRNZ and DFNS.L is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DRNZ vs. DFNS.L - Dividend Comparison

Neither DRNZ nor DFNS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DRNZ vs. DFNS.L - Drawdown Comparison

The maximum DRNZ drawdown since its inception was -24.52%, which is greater than DFNS.L's maximum drawdown of -14.92%. Use the drawdown chart below to compare losses from any high point for DRNZ and DFNS.L.

Drawdown Indicators

	DRNZ	DFNS.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-14.92%	-9.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.92%	—
Current Drawdown Current decline from peak	-17.41%	-12.94%	-4.47%
Average Drawdown Average peak-to-trough decline	-10.89%	-2.91%	-7.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.50%	—

Volatility

Volatility by Period

	DRNZ	DFNS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.35%	25.60%	+25.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.35%	21.07%	+30.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.35%	21.07%	+30.28%