JEDI vs. UFO

Last updated Jun 3, 2026

JEDI (Defiance Drone & Modern Warfare ETF) and UFO (Procure Space ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while UFO is a Global Equities fund tracking the S-Network Space Index. Both are passively managed. Their correlation of 0.84 suggests significant overlap in exposure. JEDI charges 0.69%/yr vs 0.75%/yr for UFO.

Performance

JEDI vs. UFO - Performance Comparison

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

Returns By Period

In the year-to-date period, JEDI achieves a 66.95% return, which is significantly higher than UFO's 58.40% return.

JEDI

• 1D: 2.79%
• 1M: 43.54%
• YTD: 66.95%
• 6M: 80.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UFO

• 1D: 0.23%
• 1M: 19.20%
• YTD: 58.40%
• 6M: 86.32%
• 1Y: 152.46%
• 3Y*: 48.89%
• 5Y*: 17.10%
• 10Y*: —

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

JEDI vs. UFO - Yearly Performance Comparison

	2026 (YTD)	2025
JEDI Defiance Drone & Modern Warfare ETF	66.95%	-3.73%
UFO Procure Space ETF	58.40%	10.46%

Correlation

The correlation between JEDI and UFO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.84

Return for Risk

JEDI vs. UFO — Risk / Return Rank

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

UFO

UFO Risk / Return Rank: 91
UFO Sharpe Ratio Rank: 95
UFO Sortino Ratio Rank: 91
UFO Omega Ratio Rank: 85
UFO Calmar Ratio Rank: 93
UFO Martin Ratio Rank: 92

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. UFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Drone & Modern Warfare ETF (JEDI) and Procure Space ETF (UFO). 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.

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

Sharpe Ratios by Period

	JEDI	UFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.20	0.49	+1.72

Drawdowns

JEDI vs. UFO - Drawdown Comparison

The maximum JEDI drawdown since its inception was -21.67%, smaller than the maximum UFO drawdown of -50.33%. Use the drawdown chart below to compare losses from any high point for JEDI and UFO.

Drawdown Indicators

	JEDI	UFO	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-50.33%	+28.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.33%	—
Current Drawdown Current decline from peak	-4.48%	-9.71%	+5.23%
Average Drawdown Average peak-to-trough decline	-9.13%	-21.82%	+12.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.66%	—

Volatility

Volatility by Period

	JEDI	UFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	46.45%	37.59%	+8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.45%	29.80%	+16.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.45%	30.69%	+15.76%

JEDI vs. UFO - Expense Ratio Comparison

JEDI has a 0.69% expense ratio, which is lower than UFO's 0.75% expense ratio.

Dividends

JEDI vs. UFO - Dividend Comparison

JEDI has not paid dividends to shareholders, while UFO's dividend yield for the trailing twelve months is around 0.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.27%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both JEDI and UFO in my portfolio?

JEDI and UFO have a correlation of 0.84, 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 UFO?

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.

Which ETF is cheaper, JEDI or UFO?

JEDI is cheaper with a 0.69% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.27%, compared with 0.00% for JEDI.

What is the main difference between JEDI and UFO?

JEDI is categorized as Aerospace & Defense, while UFO is Global Equities. JEDI tracks BITA Drone & Modern Warfare Select Index, while UFO tracks S-Network Space Index. Their fees differ too: 0.69% for JEDI and 0.75% for UFO.