JEDI vs. IDEF

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Drone & Modern Warfare ETF (JEDI) and iShares Defense Industrials Active ETF (IDEF).

JEDI and IDEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDEF is an actively managed fund by iShares. It was launched on May 19, 2025.

Performance

JEDI vs. IDEF - Performance Comparison

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

JEDI vs. IDEF - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone & Modern Warfare ETF	5.39%	-3.73%
IDEF iShares Defense Industrials Active ETF	6.20%	-0.73%

Returns By Period

In the year-to-date period, JEDI achieves a 5.39% return, which is significantly lower than IDEF's 6.20% return.

JEDI

• 1D: 8.11%
• 1M: -3.25%
• YTD: 5.39%
• 6M: -2.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDEF

• 1D: 4.15%
• 1M: -8.78%
• YTD: 6.20%
• 6M: 3.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEDI vs. IDEF - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is higher than IDEF's 0.55% expense ratio.

JEDI

Defiance Drone & Modern Warfare ETF

IDEF

iShares Defense Industrials Active ETF

Return for Risk

JEDI vs. IDEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone & Modern Warfare ETF (JEDI) and iShares Defense Industrials Active ETF (IDEF). 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	IDEF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	1.85	-1.76

Correlation

The correlation between JEDI and IDEF is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JEDI vs. IDEF - Dividend Comparison

JEDI has not paid dividends to shareholders, while IDEF's dividend yield for the trailing twelve months is around 0.16%.

	TTM	2025
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%
IDEF iShares Defense Industrials Active ETF	0.16%	0.17%

Drawdowns

JEDI vs. IDEF - Drawdown Comparison

The maximum JEDI drawdown since its inception was -21.67%, which is greater than IDEF's maximum drawdown of -14.63%. Use the drawdown chart below to compare losses from any high point for JEDI and IDEF.

Drawdown Indicators

	JEDI	IDEF	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-14.63%	-7.04%
Current Drawdown Current decline from peak	-15.31%	-11.08%	-4.23%
Average Drawdown Average peak-to-trough decline	-10.25%	-2.88%	-7.37%

Volatility

Volatility by Period

	JEDI	IDEF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	35.92%	20.00%	+15.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.92%	20.00%	+15.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.92%	20.00%	+15.92%