JEDI vs. DRNZ

Last updated Jun 4, 2026

JEDI (Defiance Drone & Modern Warfare ETF) and DRNZ (REX Drone ETF) are both Aerospace & Defense funds - JEDI tracks the BITA Drone & Modern Warfare Select Index while DRNZ tracks the VettaFi Drone Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. JEDI charges 0.69%/yr vs 0.65%/yr for DRNZ.

Performance

JEDI vs. DRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Drone & Modern Warfare ETF (JEDI) and REX Drone ETF (DRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEDI achieves a 52.32% return, which is significantly higher than DRNZ's 24.77% return.

JEDI

• 1D: -8.76%
• 1M: 33.56%
• YTD: 52.32%
• 6M: 62.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRNZ

• 1D: -6.81%
• 1M: 4.78%
• YTD: 24.77%
• 6M: 32.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JEDI vs. DRNZ - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone & Modern Warfare ETF	52.32%	-7.31%
DRNZ REX Drone ETF	24.77%	-10.89%

Correlation

The correlation between JEDI and DRNZ is 0.81, 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 Oct 30, 2025	0.81

Return for Risk

JEDI vs. DRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone & Modern Warfare ETF (JEDI) and REX Drone ETF (DRNZ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JEDI	DRNZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.39	+1.21

Drawdowns

JEDI vs. DRNZ - Drawdown Comparison

The maximum JEDI drawdown since its inception was -21.67%, smaller than the maximum DRNZ drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for JEDI and DRNZ.

Drawdown Indicators

	JEDI	DRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-24.52%	+2.85%
Current Drawdown Current decline from peak	-12.85%	-7.44%	-5.41%
Average Drawdown Average peak-to-trough decline	-9.16%	-11.12%	+1.96%

Volatility

Volatility by Period

	JEDI	DRNZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	47.61%	50.82%	-3.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.61%	50.82%	-3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.61%	50.82%	-3.21%

JEDI vs. DRNZ - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is higher than DRNZ's 0.65% expense ratio.

Dividends

JEDI vs. DRNZ - Dividend Comparison

Neither JEDI nor DRNZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JEDI and DRNZ in my portfolio?

JEDI and DRNZ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEDI or DRNZ?

On fees, DRNZ is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEDI or DRNZ?

DRNZ is cheaper with a 0.65% expense ratio, compared with 0.69% for JEDI.

Which ETF pays a higher dividend yield, JEDI or DRNZ?

JEDI and DRNZ have nearly identical dividend yields, around 0.00%.

What is the main difference between JEDI and DRNZ?

JEDI tracks BITA Drone & Modern Warfare Select Index, while DRNZ tracks VettaFi Drone Index. Their fees differ too: 0.69% for JEDI and 0.65% for DRNZ.