UFO vs. JEDI

Last updated Jun 23, 2026

UFO (Procure Space ETF) and JEDI (Defiance Drone & Modern Warfare ETF) are both exchange-traded funds - UFO is a Global Equities fund tracking the S-Network Space Index, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. UFO charges 0.75%/yr vs 0.69%/yr for JEDI.

Performance

UFO vs. JEDI - Performance Comparison

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

Returns By Period

In the year-to-date period, UFO achieves a 26.05% return, which is significantly higher than JEDI's 19.98% return.

UFO

• 1D: -3.08%
• 1M: -21.29%
• YTD: 26.05%
• 6M: 20.52%
• 1Y: 82.42%
• 3Y*: 39.60%
• 5Y*: 11.40%
• 10Y*: —

JEDI

• 1D: -6.03%
• 1M: -13.67%
• YTD: 19.98%
• 6M: 16.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UFO vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
UFO Procure Space ETF	26.05%	11.29%
JEDI Defiance Drone & Modern Warfare ETF	19.98%	-3.42%

Correlation

The correlation between UFO and JEDI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.85

Return for Risk

UFO vs. JEDI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UFO

UFO Risk / Return Rank: 58
UFO Sharpe Ratio Rank: 64
UFO Sortino Ratio Rank: 56
UFO Omega Ratio Rank: 51
UFO Calmar Ratio Rank: 61
UFO Martin Ratio Rank: 58

JEDI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UFO vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Procure Space ETF (UFO) and Defiance Drone & 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.

	UFO	JEDI	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.61	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	10.01	—	—

Drawdowns

UFO vs. JEDI - Drawdown Comparison

The maximum UFO drawdown since its inception was -50.33%, which is greater than JEDI's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for UFO and JEDI.

Drawdown Indicators

	UFO	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-50.33%	-31.35%	-18.98%
Max Drawdown (1Y) Largest decline over 1 year	-28.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.33%	—	—
Current Drawdown Current decline from peak	-28.15%	-31.35%	+3.20%
Average Drawdown Average peak-to-trough decline	-21.81%	-10.03%	-11.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.26%	—	—

Volatility

Volatility by Period

	UFO	JEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	40.77%	51.53%	-10.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.63%	51.53%	-20.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	51.53%	-20.37%

UFO vs. JEDI - Expense Ratio Comparison

UFO has a 0.75% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

UFO vs. JEDI - Dividend Comparison

UFO's dividend yield for the trailing twelve months is around 0.34%, while JEDI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JEDI Defiance Drone & Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UFO Procure Space ETF	0.34%	0.46%	1.98%	1.90%	3.19%	1.00%	1.07%	0.45%

Frequently Asked Questions

Can I hold both UFO and JEDI in my portfolio?

UFO and JEDI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UFO 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, UFO or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 0.75% for UFO.

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

UFO has the higher dividend yield at 0.34%, compared with 0.00% for JEDI.

What is the main difference between UFO and JEDI?

UFO is categorized as Global Equities, while JEDI is Aerospace & Defense. UFO tracks S-Network Space Index, while JEDI tracks BITA Drone & Modern Warfare Select Index. Their fees differ too: 0.75% for UFO and 0.69% for JEDI.