ETF Evaluator:
REX Drone ETF ()
Follow This ETF
(as of Nov 13)
Best Performing in Industrials Over the Last Year
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Risk
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ETF Details
REX Drone ETF Overview
REX Drone ETF (DRNZ) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). Rex launched the ETF in 2025.
The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an index called the VettaFi Drone IndexSM (the “Index”).
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. The index tracks the performance of a portfolio of global equity securities of companies that are engaged in drone and/or unmanned aerial vehicles (“UAV”) manufacturing and enabling technologies. It is non-diversified.
About REX Drone ETF (DRNZ)
There are 2 members of the management team with an average tenure of 1.01 years: Austin Wen (2025) and Yin Bhuyan (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: VettaFi Drone TR USD index with a weighting of 100%. REX Drone ETF has 48 securities in its portfolio. The top 10 holdings constitute 72.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
REX Drone ETF is part of the Equity global asset class and is within the Sector Equity ETF group. REX Drone ETF has 37.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 62.8% There is 37.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). REX Drone ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $94 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DRNZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The REX Drone ETF expense ratio is above average compared to funds in the Industrials category. REX Drone ETF has an expense ratio of 0.65%, which is 29% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. REX Drone ETF has a portfolio turnover rate of 31%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Industrials category.
Recently, in the month of October 2026, REX Drone ETF returned -16.8%, which earned it a grade of F, as the Industrials category had an average return of -2.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
REX Drone ETF has a trailing yield of 0.00%, which is below the 1.03% category average.
The fund normally distributes its income daily.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
REX Drone ETF Grades
Year to date, the ETF has returned -24.0%, 29.7 percentage points worse than the category, which translates into a grade of F. The fund has returned -30.9% over the past year (grade of F).
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DRNZ Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DRNZ Return (NAV) | -16.8% | -19.0% | -30.9% | na | na | na |
| DRNZ Return (Price) | -16.9% | -19.2% | -33.0% | na | na | na |
| NAV +/- Price Return | 0.112% | 0.119% | 2.088% | na | na | na |
| Industrials Avg | -2.3% | -6.3% | 4.9% | 22.0% | 9.9% | 12.5% |
| DRNZ Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -14.5% | -12.8% | -35.9% | na | na | na |
| DRNZ Tax-Cost Ratio | na | na | 0.0% | na | na | na |
DRNZ Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DRNZ Return (NAV) | -24.0% | na | na | na | na | na | na | na | na | na | na |
| DRNZ Return (Price) | -24.2% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.009% | na | na | na | na | na | na | na | na | na | na |
| Industrials Avg | 5.8% | 27.6% | 14.8% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| DRNZ Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -29.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 95 Mil |
| Share Class Assets: | $ 95 Mil |
| Turnover: | 31.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | Yes |
| Index Tracked: | VettaFi Drone TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Daily |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Wen Austin (2025), Bhuyan Yin (2025) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 48 |
| % in Top 10 Holdings: | 72.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 37.2% |
Portfolio Allocation |
|
| Domestic Stock: | 62.8% |
| Foreign Stock: | 37.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rex |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | October 28, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.50% |
