REX Drone ETF DRNZ Tops $119M AUM After $71M Inflows

REX’s Drone ETF (DRNZ) held $119 million in assets under management as of June 2, 2026, following roughly $71 million in net inflows from Jan. 1 through May 29, 2026. The fund’s year-to-date return stood at 32.18% on June 2.

DRNZ offers targeted exposure to companies involved in drone and unmanned aerial vehicle technology for defense and commercial use. The fund tracks the VettaFi Drone Index and launched less than a year ago. DRNZ crossed the $100 million AUM threshold earlier in 2026 after a wave of inflows in the first months of the year.

Several index constituents posted large gains in May. Unusual Machines Inc. rose about 123% for the month after reports that it may be selected for Pentagon funding. Ondas Inc. gained about 29.12% in May and disclosed a multimillion-dollar contract with the U.S. Navy to supply high-altitude balloons. Those stock-level moves contributed to the fund’s performance in the period.

Policy and technology trends have been cited by market participants as factors behind investor interest. The U.S. administration proposed a $1.5 trillion defense budget for fiscal 2027. At the same time, continued commercial adoption of artificial intelligence has increased demand for advanced sensors, autonomy and data-processing systems used in many drone platforms.

Net inflows into DRNZ were concentrated in the first five months of 2026, which increased the fund’s assets and supported trading liquidity. The ETF’s composition and returns reflect the stock selection and weighting rules of the VettaFi Drone Index. VettaFi receives an index licensing fee for that role but is not the issuer, sponsor or seller of DRNZ and has no obligation or liability for the ETF’s issuance, administration, marketing or trading.

Advisors and investors pointed to May’s strong individual stock performances, defense spending proposals and AI-related commercial opportunities when explaining recent inflows to the drone-focused ETF.