SNTH vs. DRLL

Last updated Aug 4, 2026

SNTH (MRP SynthEquity ETF) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - SNTH is a Equity Hedged fund actively managed by MRP, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. SNTH is actively managed, while DRLL is passively managed. Over the past year, SNTH returned 20.39% vs 42.98% for DRLL. Their 0.01 correlation means their historical movements had little consistent relationship. SNTH charges 0.95%/yr vs 0.41%/yr for DRLL.

Performance

SNTH vs. DRLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MRP SynthEquity ETF (SNTH) 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, SNTH achieves a 8.73% return, which is significantly lower than DRLL's 34.95% return.

SNTH

• 1D: 1.60%
• 1M: 0.78%
• 6M: 7.05%
• YTD: 8.73%
• 1Y: 20.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.06%

DRLL

• 1D: -1.27%
• 1M: 12.74%
• 6M: 22.18%
• YTD: 34.95%
• 1Y: 42.98%
• 3Y*: 12.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.38%

*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	$486.14K	$506.54K	$559.53K
SNTH MRP SynthEquity ETF	$2.65M	$2.30M	$2.66M

SNTH vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025
SNTH MRP SynthEquity ETF	8.73%	24.27%
DRLL Strive U.S. Energy ETF	34.95%	4.97%

Correlation

The correlation between SNTH and DRLL is -0.18, 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.	-0.18
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025	0.01

The correlation between SNTH and DRLL shifts across timeframes, from -0.18 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SNTH vs. DRLL — Risk / Return Rank

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

SNTH

SNTH Risk / Return Rank: 56
SNTH Sharpe Ratio Rank: 58
SNTH Sortino Ratio Rank: 56
SNTH Omega Ratio Rank: 52
SNTH Calmar Ratio Rank: 58
SNTH Martin Ratio Rank: 56

DRLL

DRLL Risk / Return Rank: 68
DRLL Sharpe Ratio Rank: 78
DRLL Sortino Ratio Rank: 71
DRLL Omega Ratio Rank: 70
DRLL Calmar Ratio Rank: 69
DRLL Martin Ratio Rank: 53

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.

SNTH vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRP SynthEquity ETF (SNTH) 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.

	SNTH	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.88	-0.35
Sortino ratio: Return per unit of downside risk	2.14	2.42	-0.28
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.28	2.54	-0.27
Martin ratio: Return relative to average drawdown	7.17	6.46	+0.71

SNTH vs. DRLL - Sharpe Ratio Comparison

The current SNTH Sharpe Ratio is 1.54, which is comparable to the DRLL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of SNTH 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

SNTH vs. DRLL - Drawdown Comparison

The maximum SNTH drawdown since its inception was -9.79%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for SNTH and DRLL.

Drawdown Indicators

	SNTH	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-23.73%	+13.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-16.99%	+8.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.73%	—
Current Drawdown Current decline from peak	-2.09%	-5.52%	+3.43%
Average Drawdown Average peak-to-trough decline	-2.06%	-8.14%	+6.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	6.67%	-3.82%

Volatility

SNTH vs. DRLL - Volatility Comparison

The current volatility for MRP SynthEquity ETF (SNTH) is 3.55%, while Strive U.S. Energy ETF (DRLL) has a volatility of 6.98%. This indicates that SNTH experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNTH	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	6.98%	-3.43%
Volatility (6M) Calculated over the trailing 6-month period	9.64%	18.78%	-9.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	22.98%	-9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.63%	23.79%	-8.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	23.79%	-8.16%

SNTH vs. DRLL - Expense Ratio Comparison

SNTH has a 0.95% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

SNTH vs. DRLL - Dividend Comparison

SNTH's dividend yield for the trailing twelve months is around 11.54%, more than DRLL's 2.25% yield.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.25%	2.99%	3.00%	3.01%	1.18%
SNTH MRP SynthEquity ETF	11.54%	11.55%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNTH and DRLL in my portfolio?

SNTH and DRLL have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNTH or DRLL?

DRLL has higher volatility (6.98%) compared to SNTH (3.55%). In terms of maximum drawdown, SNTH dropped -9.79% vs DRLL's -23.73%.

Which ETF is better, SNTH or DRLL?

On 1-year performance, DRLL leads with 42.98% vs 20.39% for SNTH. On fees, DRLL is cheaper at 0.41% per year. On volatility, SNTH has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNTH or DRLL?

Over the 1-year period, DRLL has performed better with a 42.98% return vs 20.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNTH or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.95% for SNTH.

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

SNTH has the higher dividend yield at 11.54%, compared with 2.25% for DRLL.

What is the main difference between SNTH and DRLL?

SNTH is categorized as Equity Hedged, while DRLL is Energy Equities. They also come from different issuers: MRP and Strive. Their fees differ too: 0.95% for SNTH and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.88 vs 1.54), 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.