QLDY vs. JEDI

Last updated Jul 17, 2026

QLDY (Defiance Nasdaq 100 LightningSpread Income ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - QLDY is a Nasdaq-100 fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. QLDY is actively managed, while JEDI is passively managed. A 0.52 correlation means they provide meaningful diversification when combined. QLDY charges 1.04%/yr vs 0.69%/yr for JEDI.

Performance

QLDY vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) and Defiance Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QLDY achieves a 9.82% return, which is significantly higher than JEDI's -4.33% return.

QLDY

• 1D: -2.11%
• 1M: -4.71%
• 6M: 8.93%
• YTD: 9.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -6.45%
• 1M: -24.78%
• 6M: -21.69%
• YTD: -4.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QLDY vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
QLDY Defiance Nasdaq 100 LightningSpread Income ETF	9.82%	2.02%
JEDI Defiance Drone and Modern Warfare ETF	-4.33%	-3.42%

Correlation

The correlation between QLDY and JEDI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.52

Return for Risk

QLDY vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 LightningSpread Income ETF (QLDY) 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

QLDY vs. JEDI - Drawdown Comparison

The maximum QLDY drawdown since its inception was -17.44%, smaller than the maximum JEDI drawdown of -45.26%. Use the drawdown chart below to compare losses from any high point for QLDY and JEDI.

Drawdown Indicators

	QLDY	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-45.26%	+27.82%
Current Drawdown Current decline from peak	-7.90%	-45.26%	+37.36%
Average Drawdown Average peak-to-trough decline	-4.35%	-12.33%	+7.98%

Volatility

Volatility by Period

	QLDY	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.84%	52.37%	-30.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.84%	52.37%	-30.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.84%	52.37%	-30.53%

QLDY vs. JEDI - Expense Ratio Comparison

QLDY has a 1.04% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

QLDY vs. JEDI - Dividend Comparison

QLDY's dividend yield for the trailing twelve months is around 28.28%, while JEDI has not paid dividends to shareholders.

Position	TTM	2025
JEDI Defiance Drone and Modern Warfare ETF	0.00%	0.00%
QLDY Defiance Nasdaq 100 LightningSpread Income ETF	28.28%	9.34%

Frequently Asked Questions

Can I hold both QLDY and JEDI in my portfolio?

QLDY and JEDI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QLDY 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, QLDY or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.04% for QLDY.

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

QLDY has the higher dividend yield at 28.28%, compared with 0.00% for JEDI.

What is the main difference between QLDY and JEDI?

QLDY is categorized as Nasdaq-100, while JEDI is Aerospace & Defense. Their fees differ too: 1.04% for QLDY and 0.69% for JEDI.