FEPI vs. DRNZ

Last updated Jun 25, 2026

FEPI (REX FANG & Innovation Equity Premium Income ETF) and DRNZ (REX Drone ETF) are both exchange-traded funds - FEPI is a Derivative Income fund actively managed by REX, while DRNZ is a Aerospace & Defense fund tracking the VettaFi Drone Index. FEPI is actively managed, while DRNZ is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

FEPI vs. DRNZ - Performance Comparison

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

Returns By Period

In the year-to-date period, FEPI achieves a 1.61% return, which is significantly higher than DRNZ's -1.62% return.

FEPI

• 1D: -1.42%
• 1M: -5.97%
• YTD: 1.61%
• 6M: 0.64%
• 1Y: 17.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRNZ

• 1D: -3.30%
• 1M: -12.50%
• YTD: -1.62%
• 6M: -4.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FEPI vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
FEPI REX FANG & Innovation Equity Premium Income ETF	1.61%	-2.01%
DRNZ REX Drone ETF	-1.62%	-12.91%

Correlation

The correlation between FEPI and DRNZ is 0.58, 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 29, 2025	0.58

Return for Risk

FEPI vs. DRNZ — Risk / Return Rank

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

FEPI

FEPI Risk / Return Rank: 29
FEPI Sharpe Ratio Rank: 29
FEPI Sortino Ratio Rank: 27
FEPI Omega Ratio Rank: 28
FEPI Calmar Ratio Rank: 28
FEPI Martin Ratio Rank: 31

DRNZ

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

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.

FEPI vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX FANG & Innovation Equity Premium Income ETF (FEPI) and REX Drone ETF (DRNZ). 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.

	FEPI	DRNZ	Difference
Sharpe ratio: Return per unit of total volatility	0.96	—	—
Sortino ratio: Return per unit of downside risk	1.37	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	4.20	—	—

Drawdowns

FEPI vs. DRNZ - Drawdown Comparison

The maximum FEPI drawdown since its inception was -23.56%, smaller than the maximum DRNZ drawdown of -27.02%. Use the drawdown chart below to compare losses from any high point for FEPI and DRNZ.

Drawdown Indicators

	FEPI	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-23.56%	-27.02%	+3.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.91%	—	—
Current Drawdown Current decline from peak	-9.32%	-27.02%	+17.70%
Average Drawdown Average peak-to-trough decline	-3.54%	-12.14%	+8.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	—	—

Volatility

Volatility by Period

	FEPI	DRNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	51.18%	-33.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	51.18%	-31.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	51.18%	-31.85%

FEPI vs. DRNZ - Expense Ratio Comparison

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

Dividends

FEPI vs. DRNZ - Dividend Comparison

FEPI's dividend yield for the trailing twelve months is around 27.27%, while DRNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DRNZ REX Drone ETF	0.00%	0.00%	0.00%	0.00%
FEPI REX FANG & Innovation Equity Premium Income ETF	27.27%	25.48%	27.18%	4.21%

Frequently Asked Questions

Can I hold both FEPI and DRNZ in my portfolio?

FEPI and DRNZ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEPI or DRNZ?

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, FEPI or DRNZ?

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

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

FEPI has the higher dividend yield at 27.27%, compared with 0.00% for DRNZ.

What is the main difference between FEPI and DRNZ?

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