ORBX vs. JEDI

Last updated Jun 4, 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 0.91 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: -7.31%
• 1M: 23.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -8.76%
• 1M: 33.56%
• YTD: 52.32%
• 6M: 62.01%
• 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	22.02%
JEDI Defiance Drone & Modern Warfare ETF	26.01%

Correlation

The correlation between ORBX and JEDI is 0.91, 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 16, 2026	0.91

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ORBX	JEDI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.31	1.60	+2.71

Drawdowns

ORBX vs. JEDI - Drawdown Comparison

The maximum ORBX drawdown since its inception was -18.53%, smaller than the maximum JEDI drawdown of -21.67%. 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	-18.53%	-21.67%	+3.14%
Current Drawdown Current decline from peak	-18.53%	-12.85%	-5.68%
Average Drawdown Average peak-to-trough decline	-5.01%	-9.16%	+4.15%

Volatility

Volatility by Period

	ORBX	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.41%	47.61%	+31.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.41%	47.61%	+31.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.41%	47.61%	+31.80%

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 0.91, 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.