DRNL vs. JEDI

Last updated Jul 17, 2026

DRNL (Defiance 2X Daily Long Pure Drone & Aerial Automation ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - DRNL is a Leveraged Equities fund tracking the BITA Pure Drone and Aerial Automation Index, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. DRNL charges 1.31%/yr vs 0.69%/yr for JEDI.

Performance

DRNL vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) and Defiance Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRNL

• 1D: -10.22%
• 1M: -46.95%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -6.45%
• 1M: -24.78%
• 6M: -21.69%
• YTD: -4.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRNL vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
DRNL Defiance 2X Daily Long Pure Drone & Aerial Automation ETF	-75.76%
JEDI Defiance Drone and Modern Warfare ETF	-14.25%

Correlation

The correlation between DRNL and JEDI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 3, 2026	0.88

Return for Risk

DRNL vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Drone & Aerial Automation ETF (DRNL) and Defiance Drone and Modern Warfare ETF (JEDI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DRNL vs. JEDI - Drawdown Comparison

The maximum DRNL drawdown since its inception was -77.39%, which is greater than JEDI's maximum drawdown of -45.26%. Use the drawdown chart below to compare losses from any high point for DRNL and JEDI.

Drawdown Indicators

	DRNL	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-77.39%	-45.26%	-32.13%
Current Drawdown Current decline from peak	-77.39%	-45.26%	-32.13%
Average Drawdown Average peak-to-trough decline	-44.57%	-12.33%	-32.24%

Volatility

Volatility by Period

	DRNL	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	138.22%	52.37%	+85.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.22%	52.37%	+85.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.22%	52.37%	+85.85%

DRNL vs. JEDI - Expense Ratio Comparison

DRNL has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

DRNL vs. JEDI - Dividend Comparison

Neither DRNL nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DRNL and JEDI in my portfolio?

DRNL and JEDI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRNL or JEDI?

On fees, JEDI is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRNL or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for DRNL.

Which ETF pays a higher dividend yield, DRNL or JEDI?

DRNL and JEDI have nearly identical dividend yields, around 0.00%.

What is the main difference between DRNL and JEDI?

DRNL is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. DRNL tracks BITA Pure Drone and Aerial Automation Index, while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 1.31% for DRNL and 0.69% for JEDI.