JEDI vs. GCAD
JEDI (Defiance Drone & Modern Warfare ETF) and GCAD (Gabelli Commercial Aerospace & Defense ETF) are both Aerospace & Defense funds. JEDI is passively managed, while GCAD is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. JEDI charges 0.69%/yr vs 0.00%/yr for GCAD.
Performance
JEDI vs. GCAD - Performance Comparison
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Returns By Period
In the year-to-date period, JEDI achieves a 52.32% return, which is significantly higher than GCAD's 14.09% return.
JEDI
- 1D
- -8.76%
- 1M
- 33.56%
- YTD
- 52.32%
- 6M
- 62.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCAD
- 1D
- -1.56%
- 1M
- 5.29%
- YTD
- 14.09%
- 6M
- 19.16%
- 1Y
- 35.52%
- 3Y*
- 33.27%
- 5Y*
- —
- 10Y*
- —
JEDI vs. GCAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone & Modern Warfare ETF | 52.32% | -3.73% |
GCAD Gabelli Commercial Aerospace & Defense ETF | 14.09% | 5.48% |
Correlation
The correlation between JEDI and GCAD is 0.68, 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 29, 2025 | 0.68 |
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Return for Risk
JEDI vs. GCAD — Risk / Return Rank
JEDI
GCAD
JEDI vs. GCAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone & Modern Warfare ETF (JEDI) and Gabelli Commercial Aerospace & Defense ETF (GCAD). 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.
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Sharpe Ratios by Period
| JEDI | GCAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 1.56 | +0.03 |
Drawdowns
JEDI vs. GCAD - Drawdown Comparison
The maximum JEDI drawdown since its inception was -21.67%, which is greater than GCAD's maximum drawdown of -16.14%. Use the drawdown chart below to compare losses from any high point for JEDI and GCAD.
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Drawdown Indicators
| JEDI | GCAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.67% | -16.14% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.96% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.14% | — |
Current DrawdownCurrent decline from peak | -12.85% | -5.92% | -6.93% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -3.03% | -6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.32% | — |
Volatility
JEDI vs. GCAD - Volatility Comparison
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Volatility by Period
| JEDI | GCAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.61% | 19.25% | +28.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.61% | 18.49% | +29.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.61% | 18.49% | +29.12% |
JEDI vs. GCAD - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is higher than GCAD's 0.00% expense ratio.
Dividends
JEDI vs. GCAD - Dividend Comparison
JEDI has not paid dividends to shareholders, while GCAD's dividend yield for the trailing twelve months is around 1.81%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GCAD Gabelli Commercial Aerospace & Defense ETF | 1.81% | 2.06% | 4.94% | 3.62% |
JEDI Defiance Drone & Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JEDI and GCAD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GCAD is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GCAD is cheaper with a 0.00% expense ratio, compared with 0.69% for JEDI.
GCAD has the higher dividend yield at 1.81%, compared with 0.00% for JEDI.
Their fees differ too: 0.69% for JEDI and 0.00% for GCAD.
Find the right allocation for JEDI and GCAD
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