RCAX vs. JEDI

Last updated Jul 12, 2026

RCAX (Defiance Daily Target 2X Long RCAT ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - RCAX is a Leveraged Equities fund tracking the Red Cat Holdings, Inc. (RCAT), while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. RCAX charges 1.31%/yr vs 0.69%/yr for JEDI.

Performance

RCAX vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RCAT ETF (RCAX) and Defiance Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RCAX

• 1D: -8.62%
• 1M: -51.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -3.58%
• 1M: -25.13%
• 6M: -11.31%
• YTD: 5.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RCAX vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
RCAX Defiance Daily Target 2X Long RCAT ETF	-80.81%
JEDI Defiance Drone and Modern Warfare ETF	-5.58%

Correlation

The correlation between RCAX and JEDI is 0.72, 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 Feb 3, 2026	0.72

Return for Risk

RCAX vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RCAT ETF (RCAX) 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

RCAX vs. JEDI - Drawdown Comparison

The maximum RCAX drawdown since its inception was -84.67%, which is greater than JEDI's maximum drawdown of -39.75%. Use the drawdown chart below to compare losses from any high point for RCAX and JEDI.

Drawdown Indicators

	RCAX	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-84.67%	-39.75%	-44.92%
Current Drawdown Current decline from peak	-84.67%	-39.75%	-44.92%
Average Drawdown Average peak-to-trough decline	-50.59%	-11.72%	-38.87%

Volatility

Volatility by Period

	RCAX	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	232.23%	52.09%	+180.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	232.23%	52.09%	+180.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	232.23%	52.09%	+180.14%

RCAX vs. JEDI - Expense Ratio Comparison

RCAX has a 1.31% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

RCAX vs. JEDI - Dividend Comparison

Neither RCAX nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RCAX and JEDI in my portfolio?

RCAX and JEDI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RCAX 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, RCAX or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.31% for RCAX.

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

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

What is the main difference between RCAX and JEDI?

RCAX is categorized as Leveraged Equities, while JEDI is Aerospace & Defense. RCAX tracks Red Cat Holdings, Inc. (RCAT), while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 1.31% for RCAX and 0.69% for JEDI.