KLAG vs. DRNL

Last updated Jun 5, 2026

KLAG (Leverage Shares 2X Long KLAC Daily ETF) and DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) are both Leveraged Equities funds - KLAG tracks the KLA Corporation (KLAC) while DRNL tracks the BITA Pure Drone and Aerial Automation Index. Both are passively managed. At a 0.20 correlation, their price movements are largely independent. KLAG charges 0.75%/yr vs 1.31%/yr for DRNL.

Performance

KLAG vs. DRNL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long KLAC Daily ETF (KLAG) and Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KLAG

• 1D: 0.41%
• 1M: 47.07%
• YTD: 156.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRNL

• 1D: 5.35%
• 1M: 47.88%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KLAG vs. DRNL - Yearly Performance Comparison

	2026 (YTD)
KLAG Leverage Shares 2X Long KLAC Daily ETF	99.56%
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-20.42%

Correlation

The correlation between KLAG and DRNL is 0.20, 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 Mar 4, 2026	0.20

Return for Risk

KLAG vs. DRNL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long KLAC Daily ETF (KLAG) and Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL). 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

	KLAG	DRNL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	6.15	-0.43	+6.59

Drawdowns

KLAG vs. DRNL - Drawdown Comparison

The maximum KLAG drawdown since its inception was -42.37%, smaller than the maximum DRNL drawdown of -58.58%. Use the drawdown chart below to compare losses from any high point for KLAG and DRNL.

Drawdown Indicators

	KLAG	DRNL	Difference
Max Drawdown Largest peak-to-trough decline	-42.37%	-58.58%	+16.21%
Current Drawdown Current decline from peak	0.00%	-31.90%	+31.90%
Average Drawdown Average peak-to-trough decline	-15.46%	-36.20%	+20.74%

Volatility

Volatility by Period

	KLAG	DRNL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	108.73%	137.00%	-28.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.73%	137.00%	-28.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.73%	137.00%	-28.27%

KLAG vs. DRNL - Expense Ratio Comparison

KLAG has a 0.75% expense ratio, which is lower than DRNL's 1.31% expense ratio.

Dividends

KLAG vs. DRNL - Dividend Comparison

Neither KLAG nor DRNL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLAG and DRNL in my portfolio?

KLAG and DRNL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLAG or DRNL?

On fees, KLAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLAG or DRNL?

KLAG is cheaper with a 0.75% expense ratio, compared with 1.31% for DRNL.

Which ETF pays a higher dividend yield, KLAG or DRNL?

KLAG and DRNL have nearly identical dividend yields, around 0.00%.

What is the main difference between KLAG and DRNL?

KLAG tracks KLA Corporation (KLAC), while DRNL tracks BITA Pure Drone and Aerial Automation Index. They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for KLAG and 1.31% for DRNL.