REX Shares launches the REX Drone ETF (DRNZ), the first ETF focused on drones and UAVs. The global ETF tracks the VettaFi Drone Index, with 80% weight to pure-play firms and 20% to diversified firms. The portfolio includes 38 global stocks, with top holdings like AeroVironment Inc. and DroneShield. Expenses are 0.65%.

DRNZ joins the market after the launch of the Defiance Drone & Modern Warfare ETF (JEDI), which has $24 million in assets. JEDI tracks the BITA Drone & Modern Warfare Select Index, with holdings in military drones, AI-driven warfare, and more. Top holdings include Palantir and AeroVironment. DRNZ focuses on the growth of drones, while JEDI is more defense-oriented.

Read more at Yahoo Finance: Two Takes on the Drone Trade