JEDI vs. MISL
JEDI (Defiance Drone and Modern Warfare ETF) and MISL (First Trust Indxx Aerospace & Defense ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while MISL is a Industrials Equities fund tracking the Indxx US Aerospace & Defense Index. Both are passively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. JEDI charges 0.69%/yr vs 0.60%/yr for MISL.
Performance
JEDI vs. MISL - Performance Comparison
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Returns By Period
In the year-to-date period, JEDI achieves a 4.94% return, which is significantly higher than MISL's 3.62% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MISL
- 1D
- 2.97%
- 1M
- -5.42%
- 6M
- -8.41%
- YTD
- 3.62%
- 1Y
- 14.73%
- 3Y*
- 24.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 23.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $4.92M | $4.10M | $19.29M |
JEDI vs. MISL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
MISL First Trust Indxx Aerospace & Defense ETF | 3.62% | 6.63% |
Correlation
The correlation between JEDI and MISL is 0.78, 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 | 0.78 |
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Return for Risk
JEDI vs. MISL — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MISL
JEDI vs. MISL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) and First Trust Indxx Aerospace & Defense ETF (MISL). 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 | MISL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.86 | — |
| Martin ratioReturn relative to average drawdown | — | 1.89 | — |
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Drawdowns
JEDI vs. MISL - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, which is greater than MISL's maximum drawdown of -17.91%. Use the drawdown chart below to compare losses from any high point for JEDI and MISL.
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Drawdown Indicators
| JEDI | MISL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -17.91% | -30.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.12% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.91% | — |
Current DrawdownCurrent decline from peak | -39.96% | -13.08% | -26.88% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -3.88% | -10.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.79% | — |
Volatility
JEDI vs. MISL - Volatility Comparison
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Volatility by Period
| JEDI | MISL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 24.71% | +29.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 19.68% | +34.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 19.68% | +34.13% |
JEDI vs. MISL - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is higher than MISL's 0.60% expense ratio.
Dividends
JEDI vs. MISL - Dividend Comparison
JEDI has not paid dividends to shareholders, while MISL's dividend yield for the trailing twelve months is around 0.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MISL First Trust Indxx Aerospace & Defense ETF | 0.31% | 0.40% | 0.74% | 0.63% | 0.08% |
Frequently Asked Questions
JEDI and MISL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MISL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MISL is cheaper with a 0.60% expense ratio, compared with 0.69% for JEDI.
MISL has the higher dividend yield at 0.31%, compared with 0.00% for JEDI.
JEDI is categorized as Aerospace & Defense, while MISL is Industrials Equities. JEDI tracks BITA Drone & Modern Warfare Select Index, while MISL tracks Indxx US Aerospace & Defense Index. They also come from different issuers: Defiance and First Trust. Their fees differ too: 0.69% for JEDI and 0.60% for MISL.
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