JEDI vs. SHV
JEDI (Defiance Drone and Modern Warfare ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. Both are passively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. JEDI charges 0.69%/yr vs 0.15%/yr for SHV.
Performance
JEDI vs. SHV - 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 SHV's 2.03% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SHV
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.74%
- YTD
- 2.03%
- 1Y
- 3.77%
- 3Y*
- 4.55%
- 5Y*
- 3.44%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $329.30M | $278.55M | $282.49M |
JEDI vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
SHV iShares 0-1 Year Treasury Bond ETF | 2.03% | 1.06% |
Correlation
The correlation between JEDI and SHV is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | -0.07 |
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Return for Risk
JEDI vs. SHV — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHV
JEDI vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) and iShares 0-1 Year Treasury Bond ETF (SHV). 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 | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 28.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 139.15 | — |
| Martin ratioReturn relative to average drawdown | — | 1,443.44 | — |
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Drawdowns
JEDI vs. SHV - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for JEDI and SHV.
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Drawdown Indicators
| JEDI | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -0.45% | -47.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -39.96% | 0.00% | -39.96% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -0.03% | -14.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
JEDI vs. SHV - Volatility Comparison
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Volatility by Period
| JEDI | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 0.20% | +53.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 0.29% | +53.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 0.28% | +53.53% |
JEDI vs. SHV - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is higher than SHV's 0.15% expense ratio.
Dividends
JEDI vs. SHV - Dividend Comparison
JEDI has not paid dividends to shareholders, while SHV's dividend yield for the trailing twelve months is around 3.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.74% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
JEDI and SHV have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHV is cheaper with a 0.15% expense ratio, compared with 0.69% for JEDI.
SHV has the higher dividend yield at 3.74%, compared with 0.00% for JEDI.
JEDI is categorized as Aerospace & Defense, while SHV is Government Bonds. JEDI tracks BITA Drone & Modern Warfare Select Index, while SHV tracks ICE Short US Treasury Securities Index. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.69% for JEDI and 0.15% for SHV.
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