IDFN.L vs. JEDI.DE
IDFN.L (Invesco Defence Innovation UCITS ETF Acc) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - IDFN.L is a Aerospace & Defense fund tracking the S&P Kensho Global Future Defense Index, while JEDI.DE is a Industrials Equities fund tracking the MVIS Global Space Industry ESG. Both are passively managed. Over the past year, IDFN.L returned 49.94% vs 97.92% for JEDI.DE. A 0.80 correlation means they provide meaningful diversification when combined. IDFN.L charges 0.35%/yr vs 0.55%/yr for JEDI.DE.
Performance
IDFN.L vs. JEDI.DE - Performance Comparison
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Different Trading Currencies
IDFN.L is traded in USD, while JEDI.DE is traded in EUR. To make them comparable, the JEDI.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDFN.L achieves a 19.77% return, which is significantly lower than JEDI.DE's 33.62% return.
IDFN.L
- 1D
- 0.00%
- 1M
- -11.59%
- YTD
- 19.77%
- 6M
- 17.61%
- 1Y
- 49.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI.DE
- 1D
- 0.00%
- 1M
- -34.19%
- YTD
- 33.62%
- 6M
- 29.66%
- 1Y
- 97.92%
- 3Y*
- 55.97%
- 5Y*
- —
- 10Y*
- —
IDFN.L vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IDFN.L Invesco Defence Innovation UCITS ETF Acc | 19.77% | 55.93% | 6.12% |
JEDI.DE VanEck Space Innovators UCITS ETF | 33.62% | 94.34% | 22.44% |
Correlation
The correlation between IDFN.L and JEDI.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.80 |
The correlation between IDFN.L and JEDI.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
IDFN.L vs. JEDI.DE — Risk / Return Rank
IDFN.L
JEDI.DE
IDFN.L vs. JEDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Defence Innovation UCITS ETF Acc (IDFN.L) and VanEck Space Innovators UCITS ETF (JEDI.DE). 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.
| IDFN.L | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.86 | +0.36 |
| Martin ratioReturn relative to average drawdown | 9.31 | 9.84 | -0.53 |
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Drawdowns
IDFN.L vs. JEDI.DE - Drawdown Comparison
The maximum IDFN.L drawdown since its inception was -15.43%, smaller than the maximum JEDI.DE drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for IDFN.L and JEDI.DE.
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Drawdown Indicators
| IDFN.L | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.43% | -34.38% | +18.95% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -34.38% | +18.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.38% | — |
Current DrawdownCurrent decline from peak | -15.43% | -34.38% | +18.95% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -7.58% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 9.99% | -4.64% |
Volatility
IDFN.L vs. JEDI.DE - Volatility Comparison
The current volatility for Invesco Defence Innovation UCITS ETF Acc (IDFN.L) is 9.25%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 15.87%. This indicates that IDFN.L experiences smaller price fluctuations and is considered to be less risky than JEDI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDFN.L | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.25% | 15.87% | -6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.41% | 36.70% | -15.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.81% | 46.27% | -19.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.05% | 33.88% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 33.88% | -6.83% |
IDFN.L vs. JEDI.DE - Expense Ratio Comparison
IDFN.L has a 0.35% expense ratio, which is lower than JEDI.DE's 0.55% expense ratio.
Dividends
IDFN.L vs. JEDI.DE - Dividend Comparison
Neither IDFN.L nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
IDFN.L and JEDI.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDFN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDFN.L is cheaper with a 0.35% expense ratio, compared with 0.55% for JEDI.DE.
IDFN.L is categorized as Aerospace & Defense, while JEDI.DE is Industrials Equities. IDFN.L tracks S&P Kensho Global Future Defense Index, while JEDI.DE tracks MVIS Global Space Industry ESG. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.35% for IDFN.L and 0.55% for JEDI.DE.
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