DRNZ vs. KDEF
DRNZ (REX Drone ETF) and KDEF (PLUS Korea Defense Industry Index ETF) are both Aerospace & Defense funds - DRNZ tracks the VettaFi Drone Index while KDEF tracks the The Korea Defence Industry Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.
Performance
DRNZ vs. KDEF - Performance Comparison
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Returns By Period
In the year-to-date period, DRNZ achieves a 24.77% return, which is significantly higher than KDEF's 6.06% return.
DRNZ
- 1D
- -6.81%
- 1M
- 4.78%
- YTD
- 24.77%
- 6M
- 32.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KDEF
- 1D
- -2.40%
- 1M
- -26.87%
- YTD
- 6.06%
- 6M
- 18.05%
- 1Y
- 40.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRNZ vs. KDEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRNZ REX Drone ETF | 24.77% | -10.89% |
KDEF PLUS Korea Defense Industry Index ETF | 6.06% | -5.41% |
Correlation
The correlation between DRNZ and KDEF is 0.40, 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 Oct 30, 2025 | 0.40 |
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Return for Risk
DRNZ vs. KDEF — Risk / Return Rank
DRNZ
KDEF
DRNZ vs. KDEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX Drone ETF (DRNZ) and PLUS Korea Defense Industry Index ETF (KDEF). 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
| DRNZ | KDEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.90 | -1.51 |
Drawdowns
DRNZ vs. KDEF - Drawdown Comparison
The maximum DRNZ drawdown since its inception was -24.52%, smaller than the maximum KDEF drawdown of -29.45%. Use the drawdown chart below to compare losses from any high point for DRNZ and KDEF.
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Drawdown Indicators
| DRNZ | KDEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.52% | -29.45% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.45% | — |
Current DrawdownCurrent decline from peak | -7.44% | -29.45% | +22.01% |
Average DrawdownAverage peak-to-trough decline | -11.12% | -6.45% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.69% | — |
Volatility
DRNZ vs. KDEF - Volatility Comparison
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Volatility by Period
| DRNZ | KDEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.82% | 44.63% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.82% | 46.54% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.82% | 46.54% | +4.28% |
DRNZ vs. KDEF - Expense Ratio Comparison
Both DRNZ and KDEF have an expense ratio of 0.65%.
Dividends
DRNZ vs. KDEF - Dividend Comparison
DRNZ has not paid dividends to shareholders, while KDEF's dividend yield for the trailing twelve months is around 6.48%.
| Position | TTM | 2025 |
|---|---|---|
DRNZ REX Drone ETF | 0.00% | 0.00% |
KDEF PLUS Korea Defense Industry Index ETF | 6.48% | 5.06% |
Frequently Asked Questions
DRNZ and KDEF have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DRNZ and KDEF have the same expense ratio: 0.65% per year.
KDEF has the higher dividend yield at 6.48%, compared with 0.00% for DRNZ.
DRNZ tracks VettaFi Drone Index, while KDEF tracks The Korea Defence Industry Index. They also come from different issuers: REX and PLUS.
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