JEDI vs. WARP

Last updated Aug 4, 2026

JEDI (Defiance Drone and Modern Warfare ETF) and WARP (VanEck Space ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while WARP is a Industrials Equities fund tracking the MarketVector Space Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. JEDI charges 0.69%/yr vs 0.50%/yr for WARP.

Performance

JEDI vs. WARP - Performance Comparison

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

Returns By Period

JEDI

• 1D: 6.52%
• 1M: -11.38%
• 6M: -5.91%
• YTD: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

WARP

• 1D: 5.25%
• 1M: -20.94%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEDI Defiance Drone and Modern Warfare ETF	$2.72M	$3.86M	$7.29M
WARP VanEck Space ETF	$702.73K	$925.56K	$3.69M

JEDI vs. WARP - Yearly Performance Comparison

	2026 (YTD)
JEDI Defiance Drone and Modern Warfare ETF	-10.79%
WARP VanEck Space ETF	-24.31%

Correlation

The correlation between JEDI and WARP is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.92

Return for Risk

JEDI vs. WARP - Risk-Adjusted Trends Comparison

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

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

Drawdowns

JEDI vs. WARP - Drawdown Comparison

The maximum JEDI drawdown since its inception was -48.21%, smaller than the maximum WARP drawdown of -53.52%. Use the drawdown chart below to compare losses from any high point for JEDI and WARP.

Drawdown Indicators

	JEDI	WARP	Difference
Max Drawdown Largest peak-to-trough decline	-48.21%	-53.52%	+5.31%
Current Drawdown Current decline from peak	-39.96%	-48.66%	+8.70%
Average Drawdown Average peak-to-trough decline	-14.06%	-28.08%	+14.02%

Volatility

Volatility by Period

	JEDI	WARP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	53.81%	76.88%	-23.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.81%	76.88%	-23.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.81%	76.88%	-23.07%

JEDI vs. WARP - Expense Ratio Comparison

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

Dividends

JEDI vs. WARP - Dividend Comparison

Neither JEDI nor WARP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JEDI and WARP in my portfolio?

With a correlation of 0.92, JEDI and WARP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JEDI or WARP?

On fees, WARP 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 WARP?

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

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

JEDI and WARP have nearly identical dividend yields, around 0.00%.

What is the main difference between JEDI and WARP?

JEDI is categorized as Aerospace & Defense, while WARP is Industrials Equities. JEDI tracks BITA Drone & Modern Warfare Select Index, while WARP tracks MarketVector Space Index. They also come from different issuers: Defiance and VanEck. Their fees differ too: 0.69% for JEDI and 0.50% for WARP.