XAR vs. DRNZ

Last updated Jun 4, 2026

XAR (SPDR S&P Aerospace & Defense ETF) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds - XAR tracks the S&P Aerospace & Defense Select Industry Index while DRNZ tracks the VettaFi Drone Index. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. XAR charges 0.35%/yr vs 0.65%/yr for DRNZ.

Performance

XAR vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Aerospace & Defense ETF (XAR) 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, XAR achieves a 13.40% return, which is significantly lower than DRNZ's 24.77% return.

XAR

• 1D: -2.08%
• 1M: 7.34%
• YTD: 13.40%
• 6M: 20.10%
• 1Y: 41.33%
• 3Y*: 34.11%
• 5Y*: 16.26%
• 10Y*: 18.01%

DRNZ

• 1D: -6.81%
• 1M: 4.78%
• YTD: 24.77%
• 6M: 32.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XAR vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
XAR SPDR S&P Aerospace & Defense ETF	13.40%	-3.77%
DRNZ REX Drone ETF	24.77%	-10.89%

Correlation

The correlation between XAR and DRNZ is 0.74, 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 Oct 30, 2025	0.74

Return for Risk

XAR vs. DRNZ — Risk / Return Rank

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

XAR

XAR Risk / Return Rank: 43
XAR Sharpe Ratio Rank: 43
XAR Sortino Ratio Rank: 43
XAR Omega Ratio Rank: 38
XAR Calmar Ratio Rank: 48
XAR Martin Ratio Rank: 42

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.

XAR vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) 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.

	XAR	DRNZ	Difference
Sharpe ratio: Return per unit of total volatility	1.55	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.41	—	—
Martin ratio: Return relative to average drawdown	6.85	—	—
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

	XAR	DRNZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.39	+0.46

Drawdowns

XAR vs. DRNZ - Drawdown Comparison

The maximum XAR drawdown since its inception was -46.37%, which is greater than DRNZ's maximum drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for XAR and DRNZ.

Drawdown Indicators

	XAR	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-46.37%	-24.52%	-21.85%
Max Drawdown (1Y) Largest decline over 1 year	-17.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.37%	—	—
Current Drawdown Current decline from peak	-6.55%	-7.44%	+0.89%
Average Drawdown Average peak-to-trough decline	-6.79%	-11.12%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	—	—

Volatility

Volatility by Period

	XAR	DRNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.81%	50.82%	-24.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.41%	50.82%	-27.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.62%	50.82%	-26.20%

XAR vs. DRNZ - Expense Ratio Comparison

XAR has a 0.35% expense ratio, which is lower than DRNZ's 0.65% expense ratio.

Dividends

XAR vs. DRNZ - Dividend Comparison

XAR's dividend yield for the trailing twelve months is around 0.32%, while DRNZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRNZ REX Drone ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XAR SPDR S&P Aerospace & Defense ETF	0.32%	0.40%	0.66%	0.54%	0.50%	0.83%	0.63%	0.75%	1.19%	0.76%	1.09%	2.31%

Frequently Asked Questions

Can I hold both XAR and DRNZ in my portfolio?

XAR and DRNZ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAR or DRNZ?

On fees, XAR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAR or DRNZ?

XAR is cheaper with a 0.35% expense ratio, compared with 0.65% for DRNZ.

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

XAR has the higher dividend yield at 0.32%, compared with 0.00% for DRNZ.

What is the main difference between XAR and DRNZ?

XAR tracks S&P Aerospace & Defense Select Industry Index, while DRNZ tracks VettaFi Drone Index. They also come from different issuers: State Street and REX. Their fees differ too: 0.35% for XAR and 0.65% for DRNZ.