IRE vs. JEDI
IRE (Defiance Daily Target 2X Long IREN ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - IRE is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. IRE is actively managed, while JEDI is passively managed. Their 0.50 correlation means their historical movements had little consistent relationship. IRE charges 1.31%/yr vs 0.69%/yr for JEDI.
Performance
IRE vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, IRE achieves a -63.30% return, which is significantly lower than JEDI's -1.49% return.
IRE
- 1D
- -7.43%
- 1M
- -26.85%
- 6M
- -79.34%
- YTD
- -63.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JEDI
- 1D
- 1.06%
- 1M
- -16.81%
- 6M
- -13.40%
- YTD
- -1.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.51M | $97.02M | $161.63M | |
| $2.62M | $4.06M | $7.20M |
IRE vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | -63.30% | -67.36% |
JEDI Defiance Drone and Modern Warfare ETF | -1.49% | -7.02% |
Correlation
The correlation between IRE and JEDI is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.50 |
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Return for Risk
IRE vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IREN ETF (IRE) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
IRE vs. JEDI - Drawdown Comparison
The maximum IRE drawdown since its inception was -95.22%, which is greater than JEDI's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for IRE and JEDI.
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Drawdown Indicators
| IRE | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.22% | -48.21% | -47.01% |
Current DrawdownCurrent decline from peak | -92.93% | -43.64% | -49.29% |
Average DrawdownAverage peak-to-trough decline | -72.92% | -13.94% | -58.98% |
Volatility
IRE vs. JEDI - Volatility Comparison
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Volatility by Period
| IRE | JEDI | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 226.19% | 53.47% | +172.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 226.19% | 53.47% | +172.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 226.19% | 53.47% | +172.72% |
IRE vs. JEDI - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.
Dividends
IRE vs. JEDI - Dividend Comparison
Neither IRE nor JEDI has paid dividends to shareholders.
Frequently Asked Questions
IRE and JEDI have a correlation of 0.50, 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 IRE.
IRE and JEDI have nearly identical dividend yields, around 0.00%.
IRE is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.31% for IRE and 0.69% for JEDI.
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