JEDI vs. DFEN
JEDI (Defiance Drone and Modern Warfare ETF) and DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while DFEN is a Leveraged Equities fund tracking the Dow Jones U.S. Select Aerospace & Defense Index (300% Daily). Both are passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. JEDI charges 0.69%/yr vs 0.96%/yr for DFEN.
Performance
JEDI vs. DFEN - Performance Comparison
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Returns By Period
In the year-to-date period, JEDI achieves a 4.94% return, which is significantly lower than DFEN's 27.74% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DFEN
- 1D
- 8.14%
- 1M
- -4.95%
- 6M
- 4.58%
- YTD
- 27.74%
- 1Y
- 57.49%
- 3Y*
- 72.81%
- 5Y*
- 36.85%
- 10Y*
- —
- ALL TIME*
- 17.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.86M | $12.55M | $15.20M | |
| $2.72M | $3.86M | $7.29M |
JEDI vs. DFEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 27.74% | 11.82% |
Correlation
The correlation between JEDI and DFEN is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.62 |
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Return for Risk
JEDI vs. DFEN — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DFEN
JEDI vs. DFEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). 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.
| JEDI | DFEN | 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 | — | 1.38 | — |
| Martin ratioReturn relative to average drawdown | — | 2.91 | — |
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Drawdowns
JEDI vs. DFEN - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, smaller than the maximum DFEN drawdown of -91.36%. Use the drawdown chart below to compare losses from any high point for JEDI and DFEN.
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Drawdown Indicators
| JEDI | DFEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -91.36% | +43.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -41.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -51.96% | — |
Current DrawdownCurrent decline from peak | -39.96% | -16.29% | -23.67% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -44.86% | +30.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.80% | — |
Volatility
JEDI vs. DFEN - Volatility Comparison
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Volatility by Period
| JEDI | DFEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 68.43% | -14.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 60.96% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 71.61% | -17.80% |
JEDI vs. DFEN - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is lower than DFEN's 0.96% expense ratio.
Dividends
JEDI vs. DFEN - Dividend Comparison
JEDI has not paid dividends to shareholders, while DFEN's dividend yield for the trailing twelve months is around 6.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 6.94% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEDI and DFEN have a correlation of 0.62, 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 0.96% for DFEN.
DFEN has the higher dividend yield at 6.94%, compared with 0.00% for JEDI.
JEDI is categorized as Aerospace & Defense, while DFEN is Leveraged Equities. JEDI tracks BITA Drone & Modern Warfare Select Index, while DFEN tracks Dow Jones U.S. Select Aerospace & Defense Index (300% Daily). They also come from different issuers: Defiance and Direxion. Their fees differ too: 0.69% for JEDI and 0.96% for DFEN.
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