LUNL vs. JEDI

Last updated Jul 17, 2026

LUNL (Defiance Daily Target 2X Long LUNR ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - LUNL is a Leveraged Equities fund tracking the Intuitive Machines, Inc. (LUNR), while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. LUNL charges 1.31%/yr vs 0.69%/yr for JEDI.

Performance

LUNL vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LUNR ETF (LUNL) and Defiance Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LUNL

• 1D: -19.38%
• 1M: -69.78%
• 6M: -81.98%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -6.45%
• 1M: -24.78%
• 6M: -21.69%
• YTD: -4.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LUNL vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
LUNL Defiance Daily Target 2X Long LUNR ETF	-82.01%
JEDI Defiance Drone and Modern Warfare ETF	-21.02%

Correlation

The correlation between LUNL and JEDI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.79

Return for Risk

LUNL vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LUNR ETF (LUNL) and Defiance Drone and Modern Warfare ETF (JEDI). 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

LUNL vs. JEDI - Drawdown Comparison

The maximum LUNL drawdown since its inception was -93.25%, which is greater than JEDI's maximum drawdown of -45.26%. Use the drawdown chart below to compare losses from any high point for LUNL and JEDI.

Drawdown Indicators

	LUNL	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-93.25%	-45.26%	-47.99%
Current Drawdown Current decline from peak	-93.25%	-45.26%	-47.99%
Average Drawdown Average peak-to-trough decline	-42.86%	-12.33%	-30.53%

Volatility

Volatility by Period

	LUNL	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	248.94%	52.37%	+196.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	248.94%	52.37%	+196.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	248.94%	52.37%	+196.57%

LUNL vs. JEDI - Expense Ratio Comparison

LUNL has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

LUNL vs. JEDI - Dividend Comparison

Neither LUNL nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LUNL and JEDI in my portfolio?

LUNL and JEDI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LUNL or JEDI?

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, LUNL or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for LUNL.

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

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

What is the main difference between LUNL and JEDI?

LUNL is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. LUNL tracks Intuitive Machines, Inc. (LUNR), while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 1.31% for LUNL and 0.69% for JEDI.