DRNZ vs. JEDI

Last updated Jun 5, 2026

DRNZ (REX Drone ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both Aerospace & Defense funds - DRNZ tracks the VettaFi Drone Index while JEDI tracks the BITA Drone & Modern Warfare Select Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. DRNZ charges 0.65%/yr vs 0.69%/yr for JEDI.

Performance

DRNZ vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX Drone ETF (DRNZ) and Defiance Drone & Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRNZ achieves a 27.64% return, which is significantly lower than JEDI's 59.78% return.

DRNZ

• 1D: 2.30%
• 1M: 9.00%
• YTD: 27.64%
• 6M: 32.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: 4.90%
• 1M: 42.42%
• YTD: 59.78%
• 6M: 64.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRNZ vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
DRNZ REX Drone ETF	27.64%	-10.89%
JEDI Defiance Drone & Modern Warfare ETF	59.78%	-7.31%

Correlation

The correlation between DRNZ and JEDI is 0.81, 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 Oct 30, 2025	0.81

Return for Risk

DRNZ vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX Drone ETF (DRNZ) and Defiance Drone & 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.

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

Sharpe Ratios by Period

	DRNZ	JEDI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.85	-1.36

Drawdowns

DRNZ vs. JEDI - Drawdown Comparison

The maximum DRNZ drawdown since its inception was -24.52%, which is greater than JEDI's maximum drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for DRNZ and JEDI.

Drawdown Indicators

	DRNZ	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-24.52%	-21.67%	-2.85%
Current Drawdown Current decline from peak	-5.32%	-8.58%	+3.26%
Average Drawdown Average peak-to-trough decline	-11.08%	-9.15%	-1.93%

Volatility

Volatility by Period

	DRNZ	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	50.73%	47.80%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.73%	47.80%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.73%	47.80%	+2.93%

DRNZ vs. JEDI - Expense Ratio Comparison

DRNZ has a 0.65% expense ratio, which is lower than JEDI's 0.69% expense ratio.

Dividends

DRNZ vs. JEDI - Dividend Comparison

Neither DRNZ nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DRNZ and JEDI in my portfolio?

DRNZ and JEDI have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRNZ or JEDI?

On fees, DRNZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRNZ or JEDI?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.69% for JEDI.

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

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

What is the main difference between DRNZ and JEDI?

DRNZ tracks VettaFi Drone Index, while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 0.65% for DRNZ and 0.69% for JEDI.