JEDI vs. XMAG
JEDI (Defiance Drone and Modern Warfare ETF) and XMAG (Defiance Large Cap ex-Mag 7 ETF) are both exchange-traded funds - JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index, while XMAG is a Large Cap Blend Equities fund tracking the BITA US 500 ex Magnificent 7 Index. Both are passively managed. Their 0.48 correlation means their historical movements had little consistent relationship. JEDI charges 0.69%/yr vs 0.35%/yr for XMAG.
Performance
JEDI vs. XMAG - 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 XMAG's 13.00% return.
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XMAG
- 1D
- 0.57%
- 1M
- -0.85%
- 6M
- 10.53%
- YTD
- 13.00%
- 1Y
- 22.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $1.33M | $2.48M | $1.96M |
JEDI vs. XMAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 13.00% | 3.68% |
Correlation
The correlation between JEDI and XMAG is 0.48, 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 | 0.48 |
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Return for Risk
JEDI vs. XMAG — Risk / Return Rank
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XMAG
JEDI vs. XMAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Drone and Modern Warfare ETF (JEDI) and Defiance Large Cap ex-Mag 7 ETF (XMAG). 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 | XMAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.04 | — |
| Martin ratioReturn relative to average drawdown | — | 12.63 | — |
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Drawdowns
JEDI vs. XMAG - Drawdown Comparison
The maximum JEDI drawdown since its inception was -48.21%, which is greater than XMAG's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for JEDI and XMAG.
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Drawdown Indicators
| JEDI | XMAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.21% | -16.17% | -32.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.29% | — |
Current DrawdownCurrent decline from peak | -39.96% | -2.20% | -37.76% |
Average DrawdownAverage peak-to-trough decline | -14.06% | -2.07% | -11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.75% | — |
Volatility
JEDI vs. XMAG - Volatility Comparison
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Volatility by Period
| JEDI | XMAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 53.81% | 11.99% | +41.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.81% | 15.02% | +38.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.81% | 15.02% | +38.79% |
JEDI vs. XMAG - Expense Ratio Comparison
JEDI has a 0.69% expense ratio, which is higher than XMAG's 0.35% expense ratio.
Dividends
JEDI vs. XMAG - Dividend Comparison
JEDI has not paid dividends to shareholders, while XMAG's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% | 0.00% |
XMAG Defiance Large Cap ex-Mag 7 ETF | 0.46% | 0.51% | 0.24% |
Frequently Asked Questions
JEDI and XMAG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMAG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMAG is cheaper with a 0.35% expense ratio, compared with 0.69% for JEDI.
XMAG has the higher dividend yield at 0.46%, compared with 0.00% for JEDI.
JEDI is categorized as Aerospace & Defense, while XMAG is Large Cap Blend Equities. JEDI tracks BITA Drone & Modern Warfare Select Index, while XMAG tracks BITA US 500 ex Magnificent 7 Index. Their fees differ too: 0.69% for JEDI and 0.35% for XMAG.
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