QPUX vs. JEDI

Last updated Jul 17, 2026

QPUX (Defiance 2X Daily Long Pure Quantum ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - QPUX is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. QPUX is actively managed, while JEDI is passively managed. A 0.61 correlation means they provide meaningful diversification when combined. QPUX charges 1.29%/yr vs 0.69%/yr for JEDI.

Performance

QPUX vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance 2X Daily Long Pure Quantum ETF (QPUX) 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, QPUX achieves a -71.23% return, which is significantly lower than JEDI's -4.33% return.

QPUX

• 1D: -13.62%
• 1M: -55.16%
• 6M: -76.32%
• YTD: -71.23%
• 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)

QPUX vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
QPUX Defiance 2X Daily Long Pure Quantum ETF	-71.23%	-65.43%
JEDI Defiance Drone and Modern Warfare ETF	-4.33%	-3.42%

Correlation

The correlation between QPUX and JEDI is 0.61, 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	0.61

Return for Risk

QPUX vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Quantum ETF (QPUX) 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

QPUX vs. JEDI - Drawdown Comparison

The maximum QPUX drawdown since its inception was -94.73%, which is greater than JEDI's maximum drawdown of -45.26%. Use the drawdown chart below to compare losses from any high point for QPUX and JEDI.

Drawdown Indicators

	QPUX	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-45.26%	-49.47%
Current Drawdown Current decline from peak	-94.29%	-45.26%	-49.03%
Average Drawdown Average peak-to-trough decline	-70.47%	-12.33%	-58.14%

Volatility

Volatility by Period

	QPUX	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	198.75%	52.37%	+146.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.75%	52.37%	+146.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.75%	52.37%	+146.38%

QPUX vs. JEDI - Expense Ratio Comparison

QPUX has a 1.29% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

QPUX vs. JEDI - Dividend Comparison

Neither QPUX nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QPUX and JEDI in my portfolio?

QPUX and JEDI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QPUX 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, QPUX or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.29% for QPUX.

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

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

What is the main difference between QPUX and JEDI?

QPUX is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. Their fees differ too: 1.29% for QPUX and 0.69% for JEDI.