QQQY vs. JEDI
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. QQQY is actively managed, while JEDI is passively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. QQQY charges 0.99%/yr vs 0.69%/yr for JEDI.
Performance
QQQY vs. JEDI - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 17.47% return, which is significantly higher than JEDI's 14.01% return.
QQQY
- 1D
- 3.25%
- 1M
- 1.46%
- 6M
- 17.52%
- YTD
- 17.47%
- 1Y
- 25.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.61%
JEDI
- 1D
- 8.64%
- 1M
- -3.72%
- 6M
- -1.04%
- YTD
- 14.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.14M | $3.99M | $7.37M | |
| $2.03M | $2.15M | $2.90M |
QQQY vs. JEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 17.47% | 2.80% |
JEDI Defiance Drone and Modern Warfare ETF | 14.01% | -3.42% |
Correlation
The correlation between QQQY and JEDI is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025 | 0.52 |
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Return for Risk
QQQY vs. JEDI — Risk / Return Rank
QQQY
JEDI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQY vs. JEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) 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.
| QQQY | JEDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | — | — |
| Martin ratioReturn relative to average drawdown | 8.22 | — | — |
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Drawdowns
QQQY vs. JEDI - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, smaller than the maximum JEDI drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for QQQY and JEDI.
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Drawdown Indicators
| QQQY | JEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -48.21% | +29.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | — | — |
Current DrawdownCurrent decline from peak | -1.71% | -34.77% | +33.06% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -14.16% | +11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | — | — |
Volatility
QQQY vs. JEDI - Volatility Comparison
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Volatility by Period
| QQQY | JEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 54.48% | -36.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 54.48% | -38.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 54.48% | -38.62% |
QQQY vs. JEDI - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than JEDI's 0.69% expense ratio.
Dividends
QQQY vs. JEDI - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 35.76%, while JEDI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JEDI Defiance Drone and Modern Warfare ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 35.76% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
QQQY 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.
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.
JEDI is cheaper with a 0.69% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 35.76%, compared with 0.00% for JEDI.
QQQY is categorized as Nasdaq-100, while JEDI is Aerospace & Defense. Their fees differ too: 0.99% for QQQY and 0.69% for JEDI.
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