ORBX vs. JEDI

Last updated Jun 24, 2026

ORBX (Global X Space Tech ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both Aerospace & Defense funds - ORBX tracks the Global X Space Tech Index while JEDI tracks the BITA Drone & Modern Warfare Select Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. ORBX charges 0.50%/yr vs 0.69%/yr for JEDI.

Performance

ORBX vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Space Tech ETF (ORBX) and Defiance Drone & Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ORBX

• 1D: -2.53%
• 1M: -27.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -3.02%
• 1M: -16.28%
• YTD: 16.35%
• 6M: 12.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ORBX vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
ORBX Global X Space Tech ETF	-2.51%
JEDI Defiance Drone & Modern Warfare ETF	-0.04%

Correlation

The correlation between ORBX and JEDI 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 Apr 15, 2026	0.92

Return for Risk

ORBX vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) and Defiance Drone & 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

ORBX vs. JEDI - Drawdown Comparison

The maximum ORBX drawdown since its inception was -35.85%, which is greater than JEDI's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for ORBX and JEDI.

Drawdown Indicators

	ORBX	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-35.85%	-33.43%	-2.42%
Current Drawdown Current decline from peak	-35.85%	-33.43%	-2.42%
Average Drawdown Average peak-to-trough decline	-11.09%	-10.15%	-0.94%

Volatility

Volatility by Period

	ORBX	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	81.94%	51.52%	+30.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.94%	51.52%	+30.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.94%	51.52%	+30.42%

ORBX vs. JEDI - Expense Ratio Comparison

ORBX has a 0.50% expense ratio, which is lower than JEDI's 0.69% expense ratio.

Dividends

ORBX vs. JEDI - Dividend Comparison

Neither ORBX nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ORBX and JEDI in my portfolio?

With a correlation of 0.92, ORBX and JEDI 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, ORBX or JEDI?

On fees, ORBX 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, ORBX or JEDI?

ORBX is cheaper with a 0.50% expense ratio, compared with 0.69% for JEDI.

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

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

What is the main difference between ORBX and JEDI?

ORBX tracks Global X Space Tech Index, while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 0.50% for ORBX and 0.69% for JEDI.