Verdicts genuinely change. Free email alert the moment DRNZ's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
REX Drone ETF ETF · REX ETF Trust
46 holdings · as of 2026-06-30 (3.6 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT At least 44.62% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 39% turns out to be. Matching more holdings can only raise this share, never lower it.
46 holdings, 34 matched (61% of weight). Portfolio as of 2026-06-30, filed 2026-08-31. Source: SEC Form N-PORT.
6.32% of this portfolio’s income is non-permissible — weighted across holdings, computed over 61% of portfolio weight (33 of 46 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| AeroVironment Inc | UNSCREENED | 13.10% | no in-house ratios for this holding |
| ONDS Ondas Inc | NON_COMPLIANT | 12.58% | AAOIFI0.8% Usmani1.2% Dow Jones Islamic1.9% S&P Shariah2.8% MSCI Islamic1.2% MSCI Islamic M-Series2.8% FTSE Shariah0.1% |
| NXSN.TA Next Vision Stabilized Systems | NON_COMPLIANT | 11.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Unusual Machines Inc /US | UNSCREENED | 5.87% | no in-house ratios for this holding |
| Elsight Ltd | UNSCREENED | 5.24% | no in-house ratios for this holding |
| DRO.AX DroneShield Ltd | COMPLIANT | 5.16% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Red Cat Holdings Inc | UNSCREENED | 4.99% | no in-house ratios for this holding |
| GE General Electric Co | NON_COMPLIANT | 3.20% | AAOIFI6.1% Usmani16.1% Dow Jones Islamic7.4% S&P Shariah8.6% MSCI Islamic16.1% MSCI Islamic M-Series8.6% FTSE Shariah15.3% |
| Aevex Corp | UNSCREENED | 2.99% | no in-house ratios for this holding |
| EHN.MX EHang Holdings Ltd | NON_COMPLIANT | 2.95% | AAOIFI17.0% Usmani29.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| PLTR Palantir Technologies Inc | QUESTIONABLE | 2.11% | AAOIFI0.1% Usmani1.8% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| RTX RTX Corp | NON_COMPLIANT | 2.10% | AAOIFI12.5% Usmani19.3% Dow Jones Islamic15.9% S&P Shariah18.5% MSCI Islamic19.3% MSCI Islamic M-Series18.5% FTSE Shariah18.4% |
| SWMR Swarmer Inc | COMPLIANT | 2.01% | AAOIFI0.0% Usmani0.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.3% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| Volatus Aerospace Inc | UNSCREENED | 1.92% | no in-house ratios for this holding |
| Draganfly Inc | UNSCREENED | 1.60% | no in-house ratios for this holding |
| AIRO AIRO Group Holdings Inc | NON_COMPLIANT | 1.43% | AAOIFI2.3% Usmani0.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.6% MSCI Islamic M-Seriespass FTSE Shariah0.2% |
| BA Boeing Co/The | NON_COMPLIANT | 1.40% | AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2% |
| ZENA ZenaTech Inc | COMPLIANT | 1.38% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah— MSCI Islamic0.0% MSCI Islamic M-Series— FTSE Shariah0.0% |
| 278A.T Terra Drone Corp | COMPLIANT | 1.32% | AAOIFI0.2% Usmani13.0% Dow Jones Islamicpass S&P Shariah— MSCI Islamic6.5% MSCI Islamic M-Series— FTSE Shariah6.5% |
| 6232.T ACSL LTD | COMPLIANT | 1.22% | AAOIFI10.0% Usmani50.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic50.6% MSCI Islamic M-Seriespass FTSE Shariah50.6% |
| PARRO.PA Parrot SA | COMPLIANT | 1.11% | AAOIFI2.8% Usmani22.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.6% MSCI Islamic M-Seriespass FTSE Shariah11.6% |
| LMT Lockheed Martin Corp | NON_COMPLIANT | 0.96% | AAOIFI16.6% Usmani32.9% Dow Jones Islamic17.6% S&P Shariah18.2% MSCI Islamic32.9% MSCI Islamic M-Series18.2% FTSE Shariah32.9% |
| Liberaware Co Ltd | UNSCREENED | 0.94% | no in-house ratios for this holding |
| HWM Howmet Aerospace Inc | NON_COMPLIANT | 0.87% | AAOIFI5.1% Usmani35.2% Dow Jones Islamic6.2% S&P Shariah7.9% MSCI Islamic35.2% MSCI Islamic M-Series7.9% FTSE Shariah34.0% |
| AXON Axon Enterprise Inc | COMPLIANT | 0.77% | AAOIFI4.4% Usmani24.5% Dow Jones Islamic4.0% S&P Shariah4.9% MSCI Islamic24.5% MSCI Islamic M-Series4.9% FTSE Shariah23.1% |
| Aerodrome Group Ltd | UNSCREENED | 0.67% | no in-house ratios for this holding |
| Mercury Systems Inc | UNSCREENED | 0.67% | no in-house ratios for this holding |
| TDG TransDigm Group Inc | NON_COMPLIANT | 0.60% | AAOIFI51.2% Usmani123.0% Dow Jones Islamic45.8% S&P Shariah49.7% MSCI Islamic123.0% MSCI Islamic M-Series49.7% FTSE Shariah123.0% |
| BA.L BAE Systems PLC | NON_COMPLIANT | 0.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EMBJ3.SA Embraer SA | NON_COMPLIANT | 0.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NOC Northrop Grumman Corp | NON_COMPLIANT | 0.59% | AAOIFI23.3% Usmani33.6% Dow Jones Islamic21.9% S&P Shariah23.0% MSCI Islamic33.6% MSCI Islamic M-Series23.0% FTSE Shariah29.9% |
| TDY Teledyne Technologies Inc | NON_COMPLIANT | 0.58% | AAOIFI7.2% Usmani13.3% Dow Jones Islamic8.0% S&P Shariah8.7% MSCI Islamic13.3% MSCI Islamic M-Series8.7% FTSE Shariah13.3% |
| HON Honeywell International Inc | NON_COMPLIANT | 0.58% | AAOIFI52.6% Usmani45.3% Dow Jones Islamic26.8% S&P Shariah27.3% MSCI Islamic45.2% MSCI Islamic M-Series27.3% FTSE Shariah43.9% |
| HONA Honeywell Aerospace Inc | COMPLIANT | 0.57% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
| CHRT.L Cohort PLC | COMPLIANT | 0.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ESLT.TA Elbit Systems Ltd | NON_COMPLIANT | 0.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TXT Textron Inc | NON_COMPLIANT | 0.53% | AAOIFI3.0% Usmani2.2% Dow Jones Islamic2.7% S&P Shariah2.6% MSCI Islamic2.2% MSCI Islamic M-Series2.6% FTSE Shariah0.0% |
| AM.PA Dassault Aviation SA | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HO.PA Thales SA | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LHX L3Harris Technologies Inc | NON_COMPLIANT | 0.49% | AAOIFI20.0% Usmani22.2% Dow Jones Islamic19.0% S&P Shariah20.8% MSCI Islamic22.2% MSCI Islamic M-Series20.8% FTSE Shariah22.2% |
| SAAB-B.ST Saab AB | NON_COMPLIANT | 0.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LDO.MI Leonardo SpA | NON_COMPLIANT | 0.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Kratos Defense & Security Solu | UNSCREENED | 0.47% | no in-house ratios for this holding |
| AMPX Amprius Technologies Inc | COMPLIANT | 0.46% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| RHM.DE Rheinmetall AG | NON_COMPLIANT | 0.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| First American Government Obli | UNSCREENED | 0.34% | no in-house ratios for this holding |
The published standards disagree about this fund by 12 points of portfolio weight — 20.3% of it passes Dow Jones Islamic, 8.3% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 19.1% ratios fail on 36.5% 44.4% not rated under AAOIFI
ratios pass on 9.6% ratios fail on 46.1% 44.4% not rated under Usmani
ratios pass on 20.3% ratios fail on 35.4% 44.4% not rated under Dow Jones Islamic
ratios pass on 19.0% ratios fail on 35.4% 45.7% not rated under S&P Shariah
ratios pass on 8.3% ratios fail on 47.4% 44.4% not rated under MSCI Islamic
ratios pass on 19.0% ratios fail on 35.4% 45.7% not rated under MSCI Islamic M-Series
ratios pass on 8.9% ratios fail on 46.8% 44.4% not rated under FTSE Shariah
34 of 46 listed holdings carry our own per-methodology verdicts (61% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 22 (39% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ONDS Ondas Inc | 12.58% |
| NXSN.TA Next Vision Stabilized Systems | 11.58% |
| GE General Electric Co | 3.20% |
| EHN.MX EHang Holdings Ltd | 2.95% |
| RTX RTX Corp | 2.10% |
| AIRO AIRO Group Holdings Inc | 1.43% |
| BA Boeing Co/The | 1.40% |
| LMT Lockheed Martin Corp | 0.96% |
| HWM Howmet Aerospace Inc | 0.87% |
| TDG TransDigm Group Inc | 0.60% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
REX Drone ETF (DRNZ) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for DRNZ — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 21.60 | BUY |
| Stochastic %K (14) | 14.29 | BUY |
| CCI (20) | -121.81 | BUY |
| Williams %R (14) | -85.71 | BUY |
| MACD (12,26,9) | -0.23 | SELL |
| ROC (10) | -15.16 | SELL |
| Momentum (10) | -3.01 | SELL |
| EMA (10) | 17.90 | SELL |
| SMA (10) | 18.03 | SELL |
| EMA (20) | 18.78 | SELL |
| SMA (20) | 19.17 | SELL |
| EMA (30) | 19.36 | SELL |
| SMA (30) | 19.67 | SELL |
| EMA (50) | 20.16 | SELL |
| SMA (50) | 20.78 | SELL |
| EMA (100) | 21.37 | SELL |
| SMA (100) | 21.88 | SELL |
| EMA (200) | 22.63 | SELL |
| SMA (200) | 23.82 | SELL |
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.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| ⏰ 4H | BEARISH | 30 |
| 🕐 1H | BEARISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-13 · Asset managers net 915835 (+9220)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.