FLYD vs. DRNZ

Last updated Jun 3, 2026

FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) and DRNZ (REX Drone ETF) are both exchange-traded funds - FLYD is a Inverse Equities fund tracking the MerQube MicroSectors U.S. Travel Index, while DRNZ is a Aerospace & Defense fund tracking the VettaFi Drone Index. Both are passively managed. At a correlation of -0.35, they often move in opposite directions. FLYD charges 0.95%/yr vs 0.65%/yr for DRNZ.

Performance

FLYD vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) 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, FLYD achieves a -13.99% return, which is significantly lower than DRNZ's 33.88% return.

FLYD

• 1D: 4.84%
• 1M: -15.33%
• YTD: -13.99%
• 6M: -24.93%
• 1Y: -50.66%
• 3Y*: -55.74%
• 5Y*: —
• 10Y*: —

DRNZ

• 1D: 1.29%
• 1M: 10.81%
• YTD: 33.88%
• 6M: 46.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLYD vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs	-13.99%	-19.49%
DRNZ REX Drone ETF	33.88%	-10.89%

Correlation

The correlation between FLYD and DRNZ is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	-0.35

Return for Risk

FLYD vs. DRNZ — Risk / Return Rank

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

FLYD

FLYD Risk / Return Rank: 3
FLYD Sharpe Ratio Rank: 3
FLYD Sortino Ratio Rank: 4
FLYD Omega Ratio Rank: 4
FLYD Calmar Ratio Rank: 1
FLYD Martin Ratio Rank: 2

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.

FLYD vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD) 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.

	FLYD	DRNZ	Difference
Sharpe ratio Return per unit of total volatility	-0.68	—	—
Sortino ratio Return per unit of downside risk	-0.76	—	—
Omega ratio Gain probability vs. loss probability	0.91	—	—
Calmar ratio Return relative to maximum drawdown	-0.92	—	—
Martin ratio Return relative to average drawdown	-1.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLYD	DRNZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	0.71	-1.46

Drawdowns

FLYD vs. DRNZ - Drawdown Comparison

The maximum FLYD drawdown since its inception was -98.11%, which is greater than DRNZ's maximum drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for FLYD and DRNZ.

Drawdown Indicators

	FLYD	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-98.11%	-24.52%	-73.59%
Max Drawdown (1Y) Largest decline over 1 year	-54.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-93.41%	—	—
Current Drawdown Current decline from peak	-98.02%	-0.68%	-97.34%
Average Drawdown Average peak-to-trough decline	-83.11%	-11.15%	-71.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.93%	—	—

Volatility

Volatility by Period

	FLYD	DRNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	59.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	74.39%	50.17%	+24.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.73%	50.17%	+33.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.73%	50.17%	+33.56%

FLYD vs. DRNZ - Expense Ratio Comparison

FLYD has a 0.95% expense ratio, which is higher than DRNZ's 0.65% expense ratio.

Dividends

FLYD vs. DRNZ - Dividend Comparison

Neither FLYD nor DRNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLYD and DRNZ in my portfolio?

FLYD and DRNZ have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLYD or DRNZ?

On fees, DRNZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLYD or DRNZ?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.95% for FLYD.

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

FLYD and DRNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between FLYD and DRNZ?

FLYD is categorized as Inverse Equities, while DRNZ is Aerospace & Defense. FLYD tracks MerQube MicroSectors U.S. Travel Index, while DRNZ tracks VettaFi Drone Index. Their fees differ too: 0.95% for FLYD and 0.65% for DRNZ.