JEDI vs. SHLD

Last updated Jun 25, 2026

JEDI (Defiance Drone & Modern Warfare ETF) and SHLD (Global X Defense Tech ETF) are both Aerospace & Defense funds - JEDI tracks the BITA Drone & Modern Warfare Select Index while SHLD tracks the Global X Defense Tech Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. JEDI charges 0.69%/yr vs 0.50%/yr for SHLD.

Performance

JEDI vs. SHLD - Performance Comparison

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

Returns By Period

In the year-to-date period, JEDI achieves a 9.39% return, which is significantly higher than SHLD's -9.12% return.

JEDI

• 1D: -5.98%
• 1M: -21.29%
• YTD: 9.39%
• 6M: 6.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHLD

• 1D: -2.77%
• 1M: -9.62%
• YTD: -9.12%
• 6M: -11.28%
• 1Y: 2.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEDI vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone & Modern Warfare ETF	9.39%	-3.42%
SHLD Global X Defense Tech ETF	-9.12%	-3.81%

Correlation

The correlation between JEDI and SHLD is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.76

Return for Risk

JEDI vs. SHLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JEDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SHLD

SHLD Risk / Return Rank: 10
SHLD Sharpe Ratio Rank: 10
SHLD Sortino Ratio Rank: 10
SHLD Omega Ratio Rank: 10
SHLD Calmar Ratio Rank: 10
SHLD Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JEDI vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone & Modern Warfare ETF (JEDI) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	—	0.11	—
Sortino ratio: Return per unit of downside risk	—	0.33	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.11	—
Martin ratio: Return relative to average drawdown	—	0.31	—

Drawdowns

JEDI vs. SHLD - Drawdown Comparison

The maximum JEDI drawdown since its inception was -37.41%, which is greater than SHLD's maximum drawdown of -24.53%. Use the drawdown chart below to compare losses from any high point for JEDI and SHLD.

Drawdown Indicators

	JEDI	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-37.41%	-24.53%	-12.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.53%	—
Current Drawdown Current decline from peak	-37.41%	-24.53%	-12.88%
Average Drawdown Average peak-to-trough decline	-10.30%	-3.52%	-6.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.83%	—

Volatility

Volatility by Period

	JEDI	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.87%	24.87%	+27.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.87%	21.39%	+30.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.87%	21.39%	+30.48%

JEDI vs. SHLD - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

JEDI vs. SHLD - Dividend Comparison

JEDI has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.60%.

Position	TTM	2025	2024	2023
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%
SHLD Global X Defense Tech ETF	0.60%	0.55%	0.53%	0.26%

Frequently Asked Questions

Can I hold both JEDI and SHLD in my portfolio?

JEDI and SHLD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JEDI or SHLD?

On fees, SHLD is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JEDI or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.69% for JEDI.

Which ETF pays a higher dividend yield, JEDI or SHLD?

SHLD has the higher dividend yield at 0.60%, compared with 0.00% for JEDI.

What is the main difference between JEDI and SHLD?

JEDI tracks BITA Drone & Modern Warfare Select Index, while SHLD tracks Global X Defense Tech Index. Their fees differ too: 0.69% for JEDI and 0.50% for SHLD.