JEDI vs. EUAD

Last updated Jun 3, 2026

JEDI (Defiance Drone & Modern Warfare ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both Aerospace & Defense funds - JEDI tracks the BITA Drone & Modern Warfare Select Index while EUAD tracks the STOXX Europe Total Market Aerospace & Defense Index. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. JEDI charges 0.69%/yr vs 0.50%/yr for EUAD.

Performance

JEDI vs. EUAD - Performance Comparison

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

Returns By Period

In the year-to-date period, JEDI achieves a 66.95% return, which is significantly higher than EUAD's -3.94% return.

JEDI

• 1D: 2.79%
• 1M: 43.54%
• YTD: 66.95%
• 6M: 80.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EUAD

• 1D: -0.71%
• 1M: -1.29%
• YTD: -3.94%
• 6M: 1.66%
• 1Y: -1.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEDI vs. EUAD - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone & Modern Warfare ETF	66.95%	-3.73%
EUAD Select STOXX Europe Aerospace & Defense ETF	-3.94%	-8.28%

Correlation

The correlation between JEDI and EUAD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.49

Return for Risk

JEDI vs. EUAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUAD

EUAD Risk / Return Rank: 9
EUAD Sharpe Ratio Rank: 8
EUAD Sortino Ratio Rank: 9
EUAD Omega Ratio Rank: 9
EUAD Calmar Ratio Rank: 9
EUAD Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEDI vs. EUAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone & Modern Warfare ETF (JEDI) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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	EUAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.20	1.18	+1.03

Drawdowns

JEDI vs. EUAD - Drawdown Comparison

The maximum JEDI drawdown since its inception was -21.67%, roughly equal to the maximum EUAD drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for JEDI and EUAD.

Drawdown Indicators

	JEDI	EUAD	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-22.04%	+0.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.04%	—
Current Drawdown Current decline from peak	-4.48%	-16.18%	+11.70%
Average Drawdown Average peak-to-trough decline	-9.13%	-5.59%	-3.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.92%	—

Volatility

Volatility by Period

	JEDI	EUAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	46.45%	29.14%	+17.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.45%	29.85%	+16.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.45%	29.85%	+16.60%

JEDI vs. EUAD - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is higher than EUAD's 0.50% expense ratio.

Dividends

JEDI vs. EUAD - Dividend Comparison

JEDI has not paid dividends to shareholders, while EUAD's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	0.42%	0.40%	0.10%
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JEDI and EUAD in my portfolio?

JEDI and EUAD have a correlation of 0.49, 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 EUAD?

On fees, EUAD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEDI or EUAD?

EUAD is cheaper with a 0.50% expense ratio, compared with 0.69% for JEDI.

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

EUAD has the higher dividend yield at 0.42%, compared with 0.00% for JEDI.

What is the main difference between JEDI and EUAD?

JEDI tracks BITA Drone & Modern Warfare Select Index, while EUAD tracks STOXX Europe Total Market Aerospace & Defense Index. Their fees differ too: 0.69% for JEDI and 0.50% for EUAD.