NASA vs. DRNZ

Last updated Jun 8, 2026

NASA (Tema Space Innovators ETF) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds. NASA is actively managed, while DRNZ is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. NASA charges 0.75%/yr vs 0.65%/yr for DRNZ.

Performance

NASA vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) and REX Drone ETF (DRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NASA

• 1D: -9.48%
• 1M: 1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRNZ

• 1D: -8.60%
• 1M: 0.87%
• YTD: 16.66%
• 6M: 21.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NASA vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	29.65%
DRNZ REX Drone ETF	6.16%

Correlation

The correlation between NASA and DRNZ is 0.69, 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 Apr 1, 2026	0.69

Return for Risk

NASA vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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.

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

Sharpe Ratios by Period

	NASA	DRNZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	5.20	0.13	+5.06

Drawdowns

NASA vs. DRNZ - Drawdown Comparison

The maximum NASA drawdown since its inception was -22.08%, smaller than the maximum DRNZ drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for NASA and DRNZ.

Drawdown Indicators

	NASA	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-24.52%	+2.44%
Current Drawdown Current decline from peak	-22.08%	-13.46%	-8.62%
Average Drawdown Average peak-to-trough decline	-3.70%	-11.10%	+7.40%

Volatility

Volatility by Period

	NASA	DRNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	61.27%	51.81%	+9.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.27%	51.81%	+9.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.27%	51.81%	+9.46%

NASA vs. DRNZ - Expense Ratio Comparison

NASA has a 0.75% expense ratio, which is higher than DRNZ's 0.65% expense ratio.

Dividends

NASA vs. DRNZ - Dividend Comparison

Neither NASA nor DRNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NASA and DRNZ in my portfolio?

NASA and DRNZ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NASA 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, NASA or DRNZ?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.75% for NASA.

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

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

What is the main difference between NASA and DRNZ?

They also come from different issuers: Tema and REX. Their fees differ too: 0.75% for NASA and 0.65% for DRNZ.