JEDI vs. WARP

Last updated Jun 24, 2026

JEDI (Defiance Drone & 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 suggests significant overlap in exposure. 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 & 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: -3.02%
• 1M: -16.28%
• YTD: 16.35%
• 6M: 12.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WARP

• 1D: -1.83%
• 1M: -30.41%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JEDI vs. WARP - Yearly Performance Comparison

	2026 (YTD)
JEDI Defiance Drone & Modern Warfare ETF	-1.09%
WARP VanEck Space ETF	-9.45%

Correlation

The correlation between JEDI and WARP is 0.92, 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 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 & 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 -33.43%, smaller than the maximum WARP drawdown of -38.58%. 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	-33.43%	-38.58%	+5.15%
Current Drawdown Current decline from peak	-33.43%	-38.58%	+5.15%
Average Drawdown Average peak-to-trough decline	-10.15%	-13.50%	+3.35%

Volatility

Volatility by Period

	JEDI	WARP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	51.52%	89.18%	-37.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.52%	89.18%	-37.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.52%	89.18%	-37.66%

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. Their fees differ too: 0.69% for JEDI and 0.50% for WARP.