JEDI vs. QQQY
JEDI (Defiance Drone and Modern Warfare ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while QQQY is a Nasdaq-100 fund actively managed by Defiance. JEDI is passively managed, while QQQY is actively managed. At a 0.49 correlation, their price movements are largely independent. JEDI charges 0.69%/yr vs 0.99%/yr for QQQY.
Performance
JEDI vs. QQQY - Performance Comparison
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Returns By Period
In the year-to-date period, JEDI achieves a 3.87% return, which is significantly lower than QQQY's 16.43% return.
JEDI
- 1D
- 2.56%
- 1M
- -20.67%
- 6M
- -13.86%
- YTD
- 3.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY
- 1D
- 1.00%
- 1M
- 0.87%
- 6M
- 14.26%
- YTD
- 16.43%
- 1Y
- 27.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 3.87% | -3.42% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 16.43% | 2.80% |
Correlation
The correlation between JEDI and QQQY 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 26, 2025 | 0.49 |
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Return for Risk
JEDI vs. QQQY — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQY
JEDI vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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 | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 9.62 | — |
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Drawdowns
JEDI vs. QQQY - Drawdown Comparison
The maximum JEDI drawdown since its inception was -42.06%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for JEDI and QQQY.
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Drawdown Indicators
| JEDI | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.06% | -19.05% | -23.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.14% | — |
Current DrawdownCurrent decline from peak | -40.57% | -2.57% | -38.00% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -2.91% | -9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.83% | — |
Volatility
JEDI vs. QQQY - Volatility Comparison
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Volatility by Period
| JEDI | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.70% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.09% | 16.58% | +35.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.09% | 15.56% | +36.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.09% | 15.56% | +36.53% |
JEDI vs. QQQY - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Dividends
JEDI vs. QQQY - Dividend Comparison
JEDI has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 36.25%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 36.25% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
JEDI and QQQY 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.
On fees, JEDI is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JEDI is cheaper with a 0.69% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 36.25%, compared with 0.00% for JEDI.
JEDI is categorized as Aerospace & Defense, while QQQY is Nasdaq-100. Their fees differ too: 0.69% for JEDI and 0.99% for QQQY.
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