RWEM vs. DRLL

Last updated Aug 6, 2026

RWEM (Rayliant Wilshire NxtGen Emerging Markets Equity ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - RWEM is a Emerging Markets Equities fund tracking the FT Wilshire Emerging Large NxtGen Index, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. Both are passively managed. Over the past 3 years, RWEM returned 20.93%/yr vs 11.02%/yr for DRLL. Their 0.13 correlation means their historical movements had little consistent relationship. RWEM charges 0.52%/yr vs 0.41%/yr for DRLL.

Performance

RWEM vs. DRLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) and Strive U.S. Energy ETF (DRLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RWEM achieves a 20.30% return, which is significantly lower than DRLL's 29.95% return.

RWEM

• 1D: -1.75%
• 1M: 0.11%
• 6M: 15.68%
• YTD: 20.30%
• 1Y: 37.22%
• 3Y*: 20.93%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.80%

DRLL

• 1D: -2.68%
• 1M: 8.84%
• 6M: 11.16%
• YTD: 29.95%
• 1Y: 37.23%
• 3Y*: 11.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.29%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRLL Strive U.S. Energy ETF	$478.10K	$507.89K	$528.94K
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	$227.75K	$286.71K	$573.30K

RWEM vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	20.30%	28.17%	7.24%	21.56%	-7.18%
DRLL Strive U.S. Energy ETF	29.95%	7.74%	0.02%	-1.84%	15.52%

Correlation

The correlation between RWEM and DRLL is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (3Y) Balances recent behavior with more history.	0.01
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.13

The correlation between RWEM and DRLL shifts across timeframes, from -0.15 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

RWEM vs. DRLL - Sectors Allocation Comparison

Sectors	RWEM	DRLL
Technology	41.1%	-
Financial Services	18.1%	-
Consumer Cyclical	9.1%	0.9%
Communication Services	7.9%	-
Industrials	5.1%	-
Basic Materials	4.7%	-
Energy	4.1%	99.1%
Healthcare	3.7%	-
Consumer Defensive	2.6%	-
Utilities	2.1%	-
Real Estate	0.3%	-

Return for Risk

RWEM vs. DRLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RWEM

RWEM Risk / Return Rank: 43
RWEM Sharpe Ratio Rank: 35
RWEM Sortino Ratio Rank: 35
RWEM Omega Ratio Rank: 38
RWEM Calmar Ratio Rank: 60
RWEM Martin Ratio Rank: 48

DRLL

DRLL Risk / Return Rank: 53
DRLL Sharpe Ratio Rank: 59
DRLL Sortino Ratio Rank: 53
DRLL Omega Ratio Rank: 52
DRLL Calmar Ratio Rank: 54
DRLL Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RWEM vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) and Strive U.S. Energy ETF (DRLL). 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.

	RWEM	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.62	-0.62
Sortino ratio: Return per unit of downside risk	1.51	2.13	-0.62
Omega ratio: Gain probability vs. loss probability	1.20	1.27	-0.07
Calmar ratio: Return relative to maximum drawdown	2.43	2.20	+0.23
Martin ratio: Return relative to average drawdown	6.26	5.57	+0.69

RWEM vs. DRLL - Sharpe Ratio Comparison

The current RWEM Sharpe Ratio is 0.99, which is lower than the DRLL Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of RWEM and DRLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RWEM vs. DRLL - Drawdown Comparison

The maximum RWEM drawdown since its inception was -26.92%, which is greater than DRLL's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for RWEM and DRLL.

Drawdown Indicators

	RWEM	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-26.92%	-23.73%	-3.19%
Max Drawdown (1Y) Largest decline over 1 year	-15.39%	-16.99%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-22.56%	-23.73%	+1.17%
Current Drawdown Current decline from peak	-7.10%	-9.02%	+1.92%
Average Drawdown Average peak-to-trough decline	-9.57%	-8.14%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	6.71%	-0.75%

Volatility

RWEM vs. DRLL - Volatility Comparison

Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) has a higher volatility of 12.55% compared to Strive U.S. Energy ETF (DRLL) at 7.42%. This indicates that RWEM's price experiences larger fluctuations and is considered to be riskier than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWEM	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.55%	7.42%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	32.00%	18.67%	+13.33%
Volatility (1Y) Calculated over the trailing 1-year period	37.68%	23.14%	+14.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.05%	23.82%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.05%	23.82%	-0.77%

RWEM vs. DRLL - Expense Ratio Comparison

RWEM has a 0.52% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

RWEM vs. DRLL - Dividend Comparison

RWEM's dividend yield for the trailing twelve months is around 1.79%, less than DRLL's 2.34% yield.

Position	TTM	2025	2024	2023	2022	2021
DRLL Strive U.S. Energy ETF	2.34%	2.99%	3.00%	3.01%	1.18%	0.00%
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	1.79%	2.15%	3.59%	1.60%	5.59%	0.39%

Frequently Asked Questions

Can I hold both RWEM and DRLL in my portfolio?

RWEM and DRLL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RWEM or DRLL?

RWEM has higher volatility (12.55%) compared to DRLL (7.42%). In terms of maximum drawdown, RWEM dropped -26.92% vs DRLL's -23.73%.

Which ETF is better, RWEM or DRLL?

On 3-year performance, RWEM leads with 20.93% vs 11.02% for DRLL. On fees, DRLL is cheaper at 0.41% per year. On volatility, DRLL has been the lower-risk option at 7.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RWEM or DRLL?

Over the 3-year period, RWEM has performed better with a 20.93% return vs 11.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RWEM or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.52% for RWEM.

Which ETF pays a higher dividend yield, RWEM or DRLL?

DRLL has the higher dividend yield at 2.34%, compared with 1.79% for RWEM.

What is the main difference between RWEM and DRLL?

RWEM is categorized as Emerging Markets Equities, while DRLL is Energy Equities. RWEM tracks FT Wilshire Emerging Large NxtGen Index, while DRLL tracks Bloomberg US Energy Select Index. They also come from different issuers: Rayliant and Strive. Their fees differ too: 0.52% for RWEM and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.62 vs 0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.