FEPI vs. DRNZ
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. Their 0.59 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.65% expense ratio.
Performance
FEPI vs. DRNZ - Performance Comparison
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Returns By Period
In the year-to-date period, FEPI achieves a 1.10% return, which is significantly higher than DRNZ's -1.62% return.
FEPI
- 1D
- 1.33%
- 1M
- -1.93%
- 6M
- 2.65%
- YTD
- 1.10%
- 1Y
- 13.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.78%
DRNZ
- 1D
- 4.88%
- 1M
- -7.21%
- 6M
- -14.72%
- YTD
- -1.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DRNZ REX Drone ETF | $2.41M | $2.70M | $4.39M |
| $8.05M | $8.48M | $9.46M |
FEPI vs. DRNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FEPI REX FANG & Innovation Equity Premium Income ETF | 1.10% | -2.01% |
DRNZ REX Drone ETF | -1.62% | -12.91% |
Correlation
The correlation between FEPI and DRNZ is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025 | 0.59 |
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Return for Risk
FEPI vs. DRNZ — Risk / Return Rank
FEPI
DRNZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.14 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | — | — |
| Martin ratioReturn relative to average drawdown | 2.79 | — | — |
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Drawdowns
FEPI vs. DRNZ - Drawdown Comparison
The maximum FEPI drawdown since its inception was -23.56%, smaller than the maximum DRNZ drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for FEPI and DRNZ.
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Drawdown Indicators
| FEPI | DRNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.56% | -34.12% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | — | — |
Current DrawdownCurrent decline from peak | -9.77% | -27.02% | +17.25% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -14.36% | +10.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | — | — |
Volatility
FEPI vs. DRNZ - Volatility Comparison
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Volatility by Period
| FEPI | DRNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 50.74% | -31.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 50.74% | -31.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 50.74% | -31.16% |
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 26.43%, 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 | 26.43% | 25.48% | 27.18% | 4.21% |
Frequently Asked Questions
FEPI and DRNZ have a correlation of 0.59, 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.
FEPI and DRNZ have the same expense ratio: 0.65% per year.
FEPI has the higher dividend yield at 26.43%, compared with 0.00% for DRNZ.
FEPI is categorized as Derivative Income, while DRNZ is Aerospace & Defense.
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