PSI vs. JEDI

Last updated Jun 14, 2026

PSI (Invesco Semiconductors ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both exchange-traded funds - PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. PSI charges 0.56%/yr vs 0.69%/yr for JEDI.

Performance

PSI vs. JEDI - Performance Comparison

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

Returns By Period

In the year-to-date period, PSI achieves a 112.90% return, which is significantly higher than JEDI's 30.94% return.

PSI

• 1D: 3.00%
• 1M: 13.19%
• YTD: 112.90%
• 6M: 110.54%
• 1Y: 207.41%
• 3Y*: 55.80%
• 5Y*: 32.57%
• 10Y*: 34.59%

JEDI

• 1D: -6.91%
• 1M: 2.81%
• YTD: 30.94%
• 6M: 32.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSI vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
PSI Invesco Semiconductors ETF	112.90%	14.11%
JEDI Defiance Drone & Modern Warfare ETF	30.94%	-3.42%

Correlation

The correlation between PSI and JEDI is 0.38, 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 Sep 26, 2025	0.38

Return for Risk

PSI vs. JEDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSI

PSI Risk / Return Rank: 97
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 95
PSI Omega Ratio Rank: 94
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 98

JEDI

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSI vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Semiconductors ETF (PSI) 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.

	PSI	JEDI	Difference
Sharpe ratio: Return per unit of total volatility	4.92	—	—
Sortino ratio: Return per unit of downside risk	4.57	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	12.90	—	—
Martin ratio: Return relative to average drawdown	45.29	—	—

Drawdowns

PSI vs. JEDI - Drawdown Comparison

The maximum PSI drawdown since its inception was -62.96%, which is greater than JEDI's maximum drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for PSI and JEDI.

Drawdown Indicators

	PSI	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-62.96%	-26.33%	-36.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	—	—
Current Drawdown Current decline from peak	0.00%	-25.08%	+25.08%
Average Drawdown Average peak-to-trough decline	-15.92%	-9.54%	-6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	—	—

Volatility

Volatility by Period

	PSI	JEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.58%	51.56%	-10.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.44%	51.56%	-13.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.42%	51.56%	-16.14%

PSI vs. JEDI - Expense Ratio Comparison

PSI has a 0.56% expense ratio, which is lower than JEDI's 0.69% expense ratio.

Dividends

PSI vs. JEDI - Dividend Comparison

PSI's dividend yield for the trailing twelve months is around 0.04%, while JEDI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSI Invesco Semiconductors ETF	0.04%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%

Frequently Asked Questions

Can I hold both PSI and JEDI in my portfolio?

PSI and JEDI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSI or JEDI?

On fees, PSI is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSI or JEDI?

PSI is cheaper with a 0.56% expense ratio, compared with 0.69% for JEDI.

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

PSI has the higher dividend yield at 0.04%, compared with 0.00% for JEDI.

What is the main difference between PSI and JEDI?

PSI is categorized as Semiconductors, while JEDI is Aerospace & Defense. PSI tracks Dynamic Semiconductors Intellidex Index, while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 0.56% for PSI and 0.69% for JEDI.