This answer states that Terminator Tape™ uses the Earth's magnetic field to generate drag to shorten the deorbit time of a spacecraft in LEO. It links to https://sst-soa.arc.nasa.gov/12-passive-deorbit-systems which shows both Roll-Out DeOrbiting device (RODEO) which is a metalized film but uses aerodynamic drag, and Terminator Tape™ which is also a metalized film that acts as a "electromagnetic tether".
Looking at the abstract of The Terminator Tape™ : A Cost-Effective De-Orbit Module for End-of-Life Disposal of LEO Satellites it says
This tape will not only significantly enhance the aerodynamic drag experienced by the system, but will also generate electrodynamic drag forces through passive interactions with the Earth’s magnetic field and conducting ionospheric plasma, de-orbiting the satellite within 25 years.
Question: So Terminator Tape™ definitely provides aerodynamic drag, but what fraction of the drag it provides comes from interaction with Earth's magnetic field? Atmospheric density decreases exponentially with altitude and Earth's dipole field varies much more slowly as $1/r^3$ where $r$ is the distance from the center of the Earth, not the surface, so this fraction will definitely be altitude dependent and aerodynamics will always win at the end.
"Bonus points:" If Roll-Out DeOrbiting device (RODEO) doesn't use currents induced by Earth's magnetic field, why is it still metalized? (that could also be a supplementary answer to Why is “Terminator Tape” electrically conductive?).
Note that just dragging a long conductor in very slowly varying field does not generate much drag, the tape must support an electrical current and that means it must constantly emit electrons from one end and recover electrons from space at the other in order to generate drag. Read more in Tethers Unlimited's Cost-Effective End-of-Mission Disposal of LEO Microsatellites: The Terminator Tape
For comparison, here's an image of Roll-Out DeOrbiting device (RODEO) from here.
Figure 12.5: RODEO stowed. Image Courtesy of Composite Technology Development, Inc.
Composite Technology Development, Inc. has developed the Roll-Out DeOrbiting device (RODEO) that consists of a lightweight film attached to a simple, ultra-lightweight, roll-out composite boom structure. It was successfully deployed on suborbital RocketSat-8 August, 2013.
AAC-Clyde collaborated with the University of Glasglow to construct the Aerodynamic End-of-Life Deorbit system for CubeSats (AEOLDOS), where a lightweight, foldable “aerobrake” made from a membrane is supported by boom-springs that open the sail to generate aerodynamic drag against the upper atmosphere.