JEDI vs. IDEF
JEDI (Defiance Drone and Modern Warfare ETF) and IDEF (iShares Defense Industrials Active ETF) are both Aerospace & Defense funds. JEDI is passively managed, while IDEF is actively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. JEDI charges 0.69%/yr vs 0.55%/yr for IDEF.
Performance
JEDI vs. IDEF - 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 IDEF's 8.07% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IDEF
- 1D
- 2.66%
- 1M
- 0.76%
- 6M
- -2.87%
- YTD
- 8.07%
- 1Y
- 16.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.02M | $18.41M | $29.29M | |
| $2.72M | $3.86M | $7.29M |
JEDI vs. IDEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
IDEF iShares Defense Industrials Active ETF | 8.07% | 0.15% |
Correlation
The correlation between JEDI and IDEF is 0.79, 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 | 0.79 |
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Return for Risk
JEDI vs. IDEF — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IDEF
JEDI vs. IDEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and 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.
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 | IDEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.04 | — |
| Martin ratioReturn relative to average drawdown | — | 2.13 | — |
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Drawdowns
JEDI vs. IDEF - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, which is greater than IDEF's maximum drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for JEDI and IDEF.
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Drawdown Indicators
| JEDI | IDEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -15.78% | -32.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.78% | — |
Current DrawdownCurrent decline from peak | -39.96% | -9.52% | -30.44% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -5.13% | -8.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.69% | — |
Volatility
JEDI vs. IDEF - Volatility Comparison
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Volatility by Period
| JEDI | IDEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 23.00% | +30.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 21.74% | +32.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 21.74% | +32.07% |
JEDI vs. IDEF - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is higher than IDEF's 0.55% expense ratio.
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 0.32%.
| Position | TTM | 2025 |
|---|---|---|
IDEF iShares Defense Industrials Active ETF | 0.32% | 0.17% |
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% |
Frequently Asked Questions
JEDI and IDEF have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDEF is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEF is cheaper with a 0.55% expense ratio, compared with 0.69% for JEDI.
IDEF has the higher dividend yield at 0.32%, compared with 0.00% for JEDI.
They also come from different issuers: Defiance and iShares. Their fees differ too: 0.69% for JEDI and 0.55% for IDEF.
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