EL4A.DE vs. JEDI

Last updated Jun 16, 2026

EL4A.DE (Deka DAX UCITS ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both exchange-traded funds - EL4A.DE is a Europe Equities fund tracking the DAX®, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. EL4A.DE charges 0.15%/yr vs 0.69%/yr for JEDI.

Performance

EL4A.DE vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Deka DAX UCITS ETF (EL4A.DE) and Defiance Drone & Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EL4A.DE is traded in EUR, while JEDI is traded in USD. To make them comparable, the JEDI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EL4A.DE achieves a 1.14% return, which is significantly lower than JEDI's 33.29% return.

EL4A.DE

• 1D: 1.07%
• 1M: 3.92%
• YTD: 1.14%
• 6M: 2.62%
• 1Y: 5.35%
• 3Y*: 14.41%
• 5Y*: 9.04%
• 10Y*: 9.42%

JEDI

• 1D: 0.25%
• 1M: 3.60%
• YTD: 33.29%
• 6M: 37.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EL4A.DE vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
EL4A.DE Deka DAX UCITS ETF	1.14%	4.14%
JEDI Defiance Drone & Modern Warfare ETF	33.29%	-3.80%

Correlation

The correlation between EL4A.DE and JEDI is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.34

Return for Risk

EL4A.DE vs. JEDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EL4A.DE

EL4A.DE Risk / Return Rank: 14
EL4A.DE Sharpe Ratio Rank: 14
EL4A.DE Sortino Ratio Rank: 13
EL4A.DE Omega Ratio Rank: 13
EL4A.DE Calmar Ratio Rank: 14
EL4A.DE Martin Ratio Rank: 15

JEDI

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EL4A.DE vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deka DAX UCITS ETF (EL4A.DE) 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.

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.

	EL4A.DE	JEDI	Difference
Sharpe ratio: Return per unit of total volatility	0.33	—	—
Sortino ratio: Return per unit of downside risk	0.59	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.43	—	—
Martin ratio: Return relative to average drawdown	1.34	—	—

Drawdowns

EL4A.DE vs. JEDI - Drawdown Comparison

The maximum EL4A.DE drawdown since its inception was -46.64%, which is greater than JEDI's maximum drawdown of -25.59%. Use the drawdown chart below to compare losses from any high point for EL4A.DE and JEDI.

Drawdown Indicators

	EL4A.DE	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-46.64%	-25.59%	-21.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.68%	—	—
Current Drawdown Current decline from peak	-2.44%	-24.36%	+21.92%
Average Drawdown Average peak-to-trough decline	-8.88%	-9.89%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	—	—

Volatility

Volatility by Period

	EL4A.DE	JEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.23%	50.38%	-34.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	50.38%	-33.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	50.38%	-32.05%

EL4A.DE vs. JEDI - Expense Ratio Comparison

EL4A.DE has a 0.15% expense ratio, which is lower than JEDI's 0.69% expense ratio.

Dividends

EL4A.DE vs. JEDI - Dividend Comparison

Neither EL4A.DE nor JEDI has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4A.DE Deka DAX UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.65%	0.56%	0.65%	0.60%
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EL4A.DE and JEDI in my portfolio?

EL4A.DE and JEDI have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EL4A.DE or JEDI?

On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EL4A.DE or JEDI?

EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.69% for JEDI.

What is the main difference between EL4A.DE and JEDI?

EL4A.DE is categorized as Europe Equities, while JEDI is Aerospace & Defense. EL4A.DE tracks DAX®, while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 0.15% for EL4A.DE and 0.69% for JEDI.