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. Their 0.51 correlation means they have sometimes moved together and sometimes differently. 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 4.94% return, which is significantly lower than QQQY's 13.77% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQY
- 1D
- 1.48%
- 1M
- -1.73%
- 6M
- 12.12%
- YTD
- 13.77%
- 1Y
- 22.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $1.87M | $2.12M | $2.91M |
JEDI vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 13.77% | 2.80% |
Correlation
The correlation between JEDI and QQQY is 0.51, 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 | 0.51 |
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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 | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.07 | — |
| Martin ratioReturn relative to average drawdown | — | 7.27 | — |
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Drawdowns
JEDI vs. QQQY - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, 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 | -48.21% | -19.05% | -29.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.14% | — |
Current DrawdownCurrent decline from peak | -39.96% | -4.80% | -35.16% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -2.97% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.16% | — |
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 | — | 6.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 17.40% | +36.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 15.76% | +38.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 15.76% | +38.05% |
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 36.92%.
| 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 | 36.92% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
JEDI and QQQY have a correlation of 0.51, 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 36.92%, 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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