MPL vs. JEDI

Last updated Jul 18, 2026

MPL (Defiance Daily Target 2X Long MP ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - MPL is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. MPL is actively managed, while JEDI is passively managed. At a 0.50 correlation, their price movements are largely independent. MPL charges 1.31%/yr vs 0.69%/yr for JEDI.

Performance

MPL vs. JEDI - Performance Comparison

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

Returns By Period

MPL

• 1D: -0.92%
• 1M: -47.54%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -0.17%
• 1M: -24.98%
• 6M: -23.26%
• YTD: -4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPL vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-56.41%
JEDI Defiance Drone and Modern Warfare ETF	-31.28%

Correlation

The correlation between MPL and JEDI is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.50

Return for Risk

MPL vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) 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

MPL vs. JEDI - Drawdown Comparison

The maximum MPL drawdown since its inception was -63.92%, which is greater than JEDI's maximum drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for MPL and JEDI.

Drawdown Indicators

	MPL	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-63.92%	-45.36%	-18.56%
Current Drawdown Current decline from peak	-63.92%	-45.36%	-18.56%
Average Drawdown Average peak-to-trough decline	-36.73%	-12.49%	-24.24%

Volatility

Volatility by Period

	MPL	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	130.11%	52.24%	+77.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.11%	52.24%	+77.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.11%	52.24%	+77.87%

MPL vs. JEDI - Expense Ratio Comparison

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

Dividends

MPL vs. JEDI - Dividend Comparison

Neither MPL nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MPL and JEDI in my portfolio?

MPL and JEDI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPL 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, MPL or JEDI?

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

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

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

What is the main difference between MPL and JEDI?

MPL is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.31% for MPL and 0.69% for JEDI.