{
 "ticker": "DRNL",
 "name": "Defiance 2X Daily Long Pure Drone and Aerial Automation ETF",
 "issuer": "Defiance",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/drnl",
 "html": "https://etfiq.com/funds/drnl",
 "markdown": "https://etfiq.com/funds/drnl.md",
 "as_of": "2026-10-02",
 "verdict": "DRNL aims to return +2 times Pure Drone and Aerial Automation's move each day, then resets. Over one day it does that.",
 "kept": {
  "since": "2026-10-02",
  "why": "stopped",
  "sentence": "Not updated since Oct 2, 2026. Its price did not move on 29 of its last 29 closes. These are its last figures. It is not in ETFIQ\u2019s rankings, scores or comparisons while they are out of date."
 },
 "key_facts": [
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Jan 26, 2026",
   "as_of": "2026-10-02",
   "sentence": "DRNL, expense ratio: 1.31% (485BPOS XBRL, Jan 26, 2026)."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "Pure Drone and Aerial Automation (no investable tracker)",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "DRNL, underlying: Pure Drone and Aerial Automation (no investable tracker), as of Oct 2, 2026."
  },
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of Pure Drone and Aerial Automation, reset daily",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "DRNL, sets out to return: +2 times the daily move of Pure Drone and Aerial Automation, reset daily, as of Oct 2, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of Pure Drone and Aerial Automation, reset daily",
   "source": null
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "Pure Drone and Aerial Automation (no investable tracker)",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, theme",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.31%",
   "source": "485BPOS XBRL, Jan 26, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Mar 3, 2026",
   "source": null
  }
 ],
 "periods": [],
 "questions": [
  {
   "q": "Why does DRNL not return +2 times over a year?",
   "a": "Because it resets daily. DRNL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-10-10",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, DRNL, leveraged ETFs, data as of Oct 2, 2026. https://etfiq.com/funds/drnl"
}