IDEF vs. JEDI
IDEF (iShares Defense Industrials Active ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both Aerospace & Defense funds. IDEF is actively managed, while JEDI is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. IDEF charges 0.55%/yr vs 0.69%/yr for JEDI.
Performance
IDEF vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, IDEF achieves a 4.74% return, which is significantly lower than JEDI's 52.32% return.
IDEF
- 1D
- -2.54%
- 1M
- -2.65%
- YTD
- 4.74%
- 6M
- 9.45%
- 1Y
- 21.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI
- 1D
- -8.76%
- 1M
- 33.56%
- YTD
- 52.32%
- 6M
- 62.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDEF vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 4.74% | -0.73% |
JEDI Defiance Drone & Modern Warfare ETF | 52.32% | -3.73% |
Correlation
The correlation between IDEF and JEDI is 0.82, 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 Sep 29, 2025 | 0.82 |
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Return for Risk
IDEF vs. JEDI — Risk / Return Rank
IDEF
JEDI
IDEF vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) 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.
| IDEF | JEDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | — | — |
| Martin ratioReturn relative to average drawdown | 3.90 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDEF | JEDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.60 | -0.27 |
Drawdowns
IDEF vs. JEDI - Drawdown Comparison
The maximum IDEF drawdown since its inception was -14.63%, smaller than the maximum JEDI drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for IDEF and JEDI.
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Drawdown Indicators
| IDEF | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -21.67% | +7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | — | — |
Current DrawdownCurrent decline from peak | -12.31% | -12.85% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -9.16% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | — | — |
Volatility
IDEF vs. JEDI - Volatility Comparison
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Volatility by Period
| IDEF | JEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.15% | 47.61% | -26.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 47.61% | -26.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 47.61% | -26.54% |
IDEF vs. JEDI - Expense Ratio Comparison
IDEF has a 0.55% expense ratio, which is lower than JEDI's 0.69% expense ratio.
Dividends
IDEF vs. JEDI - Dividend Comparison
IDEF's dividend yield for the trailing twelve months is around 0.16%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 0.16% | 0.17% |
JEDI Defiance Drone & Modern Warfare ETF | 0.00% | 0.00% |
Frequently Asked Questions
IDEF and JEDI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDEF is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEF is cheaper with a 0.55% expense ratio, compared with 0.69% for JEDI.
IDEF has the higher dividend yield at 0.16%, compared with 0.00% for JEDI.
Their fees differ too: 0.55% for IDEF and 0.69% for JEDI.
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