IONX vs. JEDI
IONX (Defiance Daily Target 2X Long IONQ ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - IONX is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. IONX is actively managed, while JEDI is passively managed. A 0.59 correlation means they provide meaningful diversification when combined. IONX charges 1.31%/yr vs 0.69%/yr for JEDI.
Performance
IONX vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, IONX achieves a -59.82% return, which is significantly lower than JEDI's 1.27% return.
IONX
- 1D
- -18.63%
- 1M
- -58.31%
- 6M
- -68.26%
- YTD
- -59.82%
- 1Y
- -72.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI
- 1D
- -3.83%
- 1M
- -22.66%
- 6M
- -16.39%
- YTD
- 1.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONX vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IONX Defiance Daily Target 2X Long IONQ ETF | -59.82% | -70.43% |
JEDI Defiance Drone and Modern Warfare ETF | 1.27% | -3.42% |
Correlation
The correlation between IONX and JEDI is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.59 |
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Return for Risk
IONX vs. JEDI — Risk / Return Rank
IONX
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IONX vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IONQ ETF (IONX) 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.
| IONX | JEDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | — | — |
| Martin ratioReturn relative to average drawdown | -1.06 | — | — |
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Drawdowns
IONX vs. JEDI - Drawdown Comparison
The maximum IONX drawdown since its inception was -93.75%, which is greater than JEDI's maximum drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for IONX and JEDI.
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Drawdown Indicators
| IONX | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -42.06% | -51.69% |
Max Drawdown (1Y)Largest decline over 1 year | -93.75% | — | — |
Current DrawdownCurrent decline from peak | -90.84% | -42.06% | -48.78% |
Average DrawdownAverage peak-to-trough decline | -52.05% | -11.87% | -40.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 67.75% | — | — |
Volatility
IONX vs. JEDI - Volatility Comparison
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Volatility by Period
| IONX | JEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 135.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 185.91% | 52.15% | +133.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 198.41% | 52.15% | +146.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 198.41% | 52.15% | +146.26% |
IONX vs. JEDI - Expense Ratio Comparison
IONX has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.
Dividends
IONX vs. JEDI - Dividend Comparison
IONX's dividend yield for the trailing twelve months is around 6.35%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IONX Defiance Daily Target 2X Long IONQ ETF | 6.35% | 2.55% |
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% |
Frequently Asked Questions
IONX and JEDI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for IONX.
IONX has the higher dividend yield at 6.35%, compared with 0.00% for JEDI.
IONX is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.31% for IONX and 0.69% for JEDI.
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