At a glance
DRLL charges 0.41% a year. It has $261.2M in assets; it paid 1.9% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +59.9% with distributions reinvested (S&P 500: +11.5%); over three years it returned +19.6% a year. Its ten largest positions make up 78.5% of the fund, out of 33 in all.
The short version
Strive U.S. Energy ETF (DRLL) is an index fund tracking the Bloomberg U.S. Energy Select Index of U.S. oil and gas producers, refiners and integrated oil companies. It is highly concentrated: the index caps any one stock at 22.5% at rebalancing, and as of June 30, 2026, Exxon Mobil and Chevron sat near that cap at about 22% each. The expense ratio (annual fee) is 0.41%, per the prospectus filed October 28, 2026.
Price history
The interactive chart needs JavaScript.
DRLL +59.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DRLL official prospectus, to Dec 31, 2025 | — | +7.92% | — | — | — | +6.93% |
| DRLL price data to Oct 27, 2026 | +59.1% | +59.9% | +19.6% | — | — | +17.1% |
- Over the year to Oct 27, 2026, DRLL returned +59.9%.
- Its worst full calendar year was 2023 (-1.9%); its best was 2025 (+7.8%).
- The deepest fall in its price history was 23.8% (Apr 5, 2024 to Apr 8, 2025), recovered by Jan 23, 2026.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +59.1% | — |
| 2025 | +7.8% | +7.92% |
| 2024 | -0.0% | -0.12% |
| 2023 | -1.9% | -1.76% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.6400 | |
| 2025 | $0.8600 | +6.2% |
| 2024 | $0.8100 | -4.7% |
| 2023 | $0.8500 |
What's inside
As of Jun 30, 2026, the fund held 33 securities; the ten largest made up 78.54% of assets.
| Holding | Weight | |
|---|---|---|
| Exxon Mobil Corp | 21.98% | |
| Chevron Corp | 21.77% | |
| Valero Energy Corp | 5.16% | |
| Marathon Petroleum Corp | 4.78% | |
| Phillips 66 | 4.74% | |
| EOG Resources Inc | 4.60% | |
| Devon Energy Corp | 4.28% | |
| ConocoPhillips | 4.27% | |
| Occidental Petroleum Corp | 3.52% | |
| Diamondback Energy Inc | 3.44% | |
| EQT Corp | 3.31% | |
| Texas Pacific Land Corp | 2.56% | |
| Expand Energy Corp | 2.18% | |
| Ovintiv Inc | 1.49% | |
| Permian Resources Corp | 1.47% |
By country
United States 99.78%By asset type
Stocks 99.78%By sector
Sectors of the companies held, for the 86.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $12.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -4.13%, -6.11%, -5.23%.
How it works
DRLL is an index fund run with a passive approach by its sub-adviser, Strive Asset Management. It aims to match the total return of the Bloomberg U.S. Energy Select Index, before fees. Bloomberg Index Services built the index. To qualify, a stock must be in the Bloomberg U.S. 1500 Index, which covers the 1,500 largest U.S. companies. It must also fall into one of three sub-industries: integrated oils, exploration and production, or refining and marketing. Energy companies outside those three groups can't be included.
Holdings are weighted by free-float market capitalization, meaning company size counted only on the shares available to the public. Caps limit any one company to 22.5%. The combined weight of all stocks above 4.5% can't exceed 45%. Any leftover weight is spread across the smaller names. Price moves can push weights past these limits between reviews. The index reviews its membership (reconstitutes) in March and September and resets its weights (rebalances) every quarter.
The fund generally buys every stock in the index in about the same proportions, though it may hold a representative sample instead. It does not try to beat the index or move to cash when prices fall. It is non-diversified, so it can put more money into a few companies. As of June 30, 2026, it held 33 stocks, with Exxon Mobil at 22.0% and Chevron at 21.8%. The prospectus reports portfolio turnover of 16%.
What it really costs
- DRLL charges 0.41% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $42 in the first year and $518 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DRLL | $42 | $132 | $230 | $518 |
In a retirement portfolio
It owns only U.S. oil and gas stocks, with about 22% each in Exxon Mobil and Chevron as of June 30, 2026, so it adds sector risk rather than broad diversification.
DRLL could add exposure to U.S. oil and gas stocks beside a broader core. It launched on August 9, 2022, partway through the 2022 bear market, so it has no record in the 2008 financial crisis, the 2020 COVID crash or that full decline. Its worst calendar year, 2023, was a 1.76% loss. Its deepest drop was 23.8%, from April 5, 2024, to April 8, 2025, and it took about 9.5 months after that low to regain its old high. Selling shares for income near the bottom would have locked in losses.
It paid a 1.9% yield over the year to October 27, 2026, in quarterly dividends. The expense ratio is 0.41%; the SEC's standard example puts costs on $10,000 at $42 after one year and $518 after 10 years. Past results don't predict the future, and a plan needs to look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors adding a small, passive slice of U.S. oil and gas stocks to an already diversified portfolio, for a 0.41% annual expense ratio.
- Those who want heavy exposure to Exxon Mobil and Chevron, about 22% each as of June 30, 2026, plus refiners such as Valero.
- Holders wanting some quarterly dividend income (a 1.9% yield over the year to October 27, 2026) who can ride out sharp sector swings.
Look elsewhere if
- Anyone seeking a core holding: it is non-diversified, with 33 holdings in one sector and 79% in its 10 largest as of June 30, 2026.
- Those wanting the wider energy sector: the index admits only integrated oil, exploration and production, and refining and marketing companies.
- Those wanting a long record or steadier prices: it launched in August 2022 and fell 23.8% from April 2024 to April 2025.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Why do Exxon and Chevron make up so much of DRLL?
Because the index weights companies by market value, and these two are its largest members. As of June 30, 2026, Exxon Mobil was 21.98% of the fund and Chevron 21.77%. The index caps any one company at 22.5%. It also limits the combined weight of all stocks above 4.5% to 45%. But price moves can push weights past these limits between quarterly rebalances. The top 10 holdings made up 78.54% of assets.
Does DRLL pay dividends?
Yes. DRLL pays distributions every quarter, passing along dividends from the oil and gas companies it owns. In the 12 months to October 27, 2026, it paid about $0.85 per share, a trailing yield of 1.9%. Payouts can change as the companies change their own dividends, which tend to follow energy profits. The fund aims to track the index's total return. It does not target a set level of income.
What is the DRLL expense ratio?
DRLL's expense ratio is 0.41% a year, according to its prospectus filed October 28, 2026. All of it is the management fee, and there is no fee waiver. The SEC's standard example assumes $10,000 invested, a 5% yearly return and shares sold at the end of each period. On that basis, costs would total about $42 after one year, $132 after three years, $230 after five years and $518 after 10 years.
How has DRLL performed since it launched?
It was roughly flat for its first few years, then rose sharply in 2026. According to its prospectus, the fund returned -1.76% in 2023, -0.12% in 2024 and 7.92% in 2025. It averaged 6.93% a year from its August 2022 launch through December 31, 2025. Based on price, it gained 59.9% over the year to October 27, 2026, and averaged 19.6% a year over three years. Its strongest quarter gained 12.57% (first quarter of 2024). Its weakest lost 7.85% (second quarter of 2025).
Is DRLL a good investment for retirement?
It is more naturally a small, higher-risk add-on than a core retirement holding. It owns only U.S. oil and gas stocks and is non-diversified. Its volatility, a measure of how widely returns swing, was 24.3% over the year to October 27, 2026. It fell 23.8% between April 2024 and April 2025 and needed about 9.5 months to recover. It may suit investors who want energy exposure alongside broader funds and who accept that energy prices drive its results.