Actually, in 2018, Kendo Sticks (T0) have been proven to not affect loot drop. A high-IQ game theorist named GammaGamer (who I believe participates in the Forums) figured out that there are only two items that actually boost your chances of getting white bags:
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Poison Fang Dagger
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Sprite Wand
ALTHOUGH…there is a sacred item called the Tier 99 Kendo Stick. It boosts the chance of getting white bags by 500%. Many believe that this is where the superstition of Kendo Sticks came from.
The Tier 99 Kendo Stick has a 99.99% of dropping from Dreadstump the Pirate King. However, ALL who dare play the rigged game of Realm of the Mad God is cursed to have unspeakable bad luck. This is why no one (other than mods) has been able to get it.