JEDI vs. SMH
JEDI (Defiance Drone and Modern Warfare ETF) and SMH (VanEck Semiconductor ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while SMH is a Semiconductors fund tracking the MVIS US Listed Semiconductor 25 Index. Both are passively managed. Their 0.43 correlation means their historical movements had little consistent relationship. JEDI charges 0.69%/yr vs 0.35%/yr for SMH.
Performance
JEDI vs. SMH - 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 SMH's 51.46% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SMH
- 1D
- 0.91%
- 1M
- -7.91%
- 6M
- 33.70%
- YTD
- 51.46%
- 1Y
- 92.69%
- 3Y*
- 53.04%
- 5Y*
- 32.99%
- 10Y*
- 33.99%
- ALL TIME*
- 11.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $8.29B | $7.23B | $7.12B |
JEDI vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
SMH VanEck Semiconductor ETF | 51.46% | 12.52% |
Correlation
The correlation between JEDI and SMH is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.43 |
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Return for Risk
JEDI vs. SMH — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SMH
JEDI vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) and VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.79 | — |
| Martin ratioReturn relative to average drawdown | — | 15.18 | — |
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Drawdowns
JEDI vs. SMH - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for JEDI and SMH.
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Drawdown Indicators
| JEDI | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -84.96% | +36.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -39.96% | -18.46% | -21.50% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -40.89% | +26.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.13% | — |
Volatility
JEDI vs. SMH - Volatility Comparison
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Volatility by Period
| JEDI | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 38.50% | +15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 36.51% | +17.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 33.33% | +20.48% |
JEDI vs. SMH - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is higher than SMH's 0.35% expense ratio.
Dividends
JEDI vs. SMH - Dividend Comparison
JEDI has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.20%.
| 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% |
SMH VanEck Semiconductor ETF | 0.20% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Frequently Asked Questions
JEDI and SMH have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH is cheaper with a 0.35% expense ratio, compared with 0.69% for JEDI.
SMH has the higher dividend yield at 0.20%, compared with 0.00% for JEDI.
JEDI is categorized as Aerospace & Defense, while SMH is Semiconductors. JEDI tracks BITA Drone & Modern Warfare Select Index, while SMH tracks MVIS US Listed Semiconductor 25 Index. They also come from different issuers: Defiance and VanEck. Their fees differ too: 0.69% for JEDI and 0.35% for SMH.
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