SPCL vs. JEDI

Last updated Jul 18, 2026

SPCL (Defiance Pure Space Daily 2X Strategy ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - SPCL is a Leveraged Equities fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. SPCL is actively managed, while JEDI is passively managed. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

SPCL vs. JEDI - Performance Comparison

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

Returns By Period

SPCL

• 1D: -7.75%
• 1M: -60.49%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -0.17%
• 1M: -24.98%
• 6M: -23.26%
• YTD: -4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPCL vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
SPCL Defiance Pure Space Daily 2X Strategy ETF	-22.00%
JEDI Defiance Drone and Modern Warfare ETF	-24.91%

Correlation

The correlation between SPCL and JEDI is 0.69, 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 Apr 17, 2026	0.69

Return for Risk

SPCL vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Pure Space Daily 2X Strategy ETF (SPCL) 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

SPCL vs. JEDI - Drawdown Comparison

The maximum SPCL drawdown since its inception was -64.64%, which is greater than JEDI's maximum drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for SPCL and JEDI.

Drawdown Indicators

	SPCL	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-64.64%	-45.36%	-19.28%
Current Drawdown Current decline from peak	-64.64%	-45.36%	-19.28%
Average Drawdown Average peak-to-trough decline	-22.75%	-12.49%	-10.26%

Volatility

Volatility by Period

	SPCL	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	183.80%	52.24%	+131.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	183.80%	52.24%	+131.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	183.80%	52.24%	+131.56%

Dividends

SPCL vs. JEDI - Dividend Comparison

Neither SPCL nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPCL and JEDI in my portfolio?

SPCL and JEDI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

What is the main difference between SPCL and JEDI?

SPCL is categorized as Leveraged Equities, while JEDI is Aerospace & Defense.