MST vs. JEDI
MST (Defiance Leveraged Long Income MSTR ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - MST is a Derivative Income fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. MST is actively managed, while JEDI is passively managed. Their 0.47 correlation means their historical movements had little consistent relationship. MST charges 1.31%/yr vs 0.69%/yr for JEDI.
Performance
MST vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, MST achieves a -71.85% return, which is significantly lower than JEDI's 4.94% return.
MST
- 1D
- 2.77%
- 1M
- -7.51%
- 6M
- -65.49%
- YTD
- -71.85%
- 1Y
- -95.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -93.11%
JEDI
- 1D
- 6.52%
- 1M
- -11.38%
- 6M
- -5.91%
- YTD
- 4.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.72M | $3.86M | $7.29M | |
| $621.27K | $597.13K | $1.39M |
MST vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MST Defiance Leveraged Long Income MSTR ETF | -71.85% | -75.01% |
JEDI Defiance Drone and Modern Warfare ETF | 4.94% | -3.42% |
Correlation
The correlation between MST and JEDI is 0.47, 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 | 0.47 |
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Return for Risk
MST vs. JEDI — Risk / Return Rank
MST
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MST vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long Income MSTR ETF (MST) 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.
| MST | JEDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.77 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | — | — |
| Martin ratioReturn relative to average drawdown | -1.23 | — | — |
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Drawdowns
MST vs. JEDI - Drawdown Comparison
The maximum MST drawdown since its inception was -97.68%, which is greater than JEDI's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for MST and JEDI.
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Drawdown Indicators
| MST | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.68% | -48.21% | -49.47% |
Max Drawdown (1Y)Largest decline over 1 year | -96.92% | — | — |
Current DrawdownCurrent decline from peak | -97.00% | -39.96% | -57.04% |
Average DrawdownAverage peak-to-trough decline | -66.49% | -14.06% | -52.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.59% | — | — |
Volatility
MST vs. JEDI - Volatility Comparison
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Volatility by Period
| MST | JEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 108.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 134.67% | 53.81% | +80.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 126.67% | 53.81% | +72.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.67% | 53.81% | +72.86% |
MST vs. JEDI - Expense Ratio Comparison
MST has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.
Dividends
MST vs. JEDI - Dividend Comparison
MST's dividend yield for the trailing twelve months is around 1,010.47%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% |
MST Defiance Leveraged Long Income MSTR ETF | 1,010.47% | 381.22% |
Frequently Asked Questions
MST and JEDI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for MST.
MST has the higher dividend yield at 1010.47%, compared with 0.00% for JEDI.
MST is categorized as Derivative Income, while JEDI is Aerospace & Defense. Their fees differ too: 1.31% for MST and 0.69% for JEDI.
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