WARP vs. JEDI

Last updated Aug 4, 2026

WARP (VanEck Space ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. Both are passively managed. Their correlation of 0.92 means they have usually moved in the same direction. WARP charges 0.50%/yr vs 0.69%/yr for JEDI.

Performance

WARP vs. JEDI - Performance Comparison

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

Returns By Period

WARP

• 1D: 5.25%
• 1M: -20.94%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

JEDI

• 1D: 6.52%
• 1M: -11.38%
• 6M: -5.91%
• YTD: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JEDI Defiance Drone and Modern Warfare ETF	$2.72M	$3.86M	$7.29M
WARP VanEck Space ETF	$702.73K	$925.56K	$3.69M

WARP vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	-24.31%
JEDI Defiance Drone and Modern Warfare ETF	-10.79%

Correlation

The correlation between WARP and JEDI is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.92

Return for Risk

WARP vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) 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

WARP vs. JEDI - Drawdown Comparison

The maximum WARP drawdown since its inception was -53.52%, which is greater than JEDI's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for WARP and JEDI.

Drawdown Indicators

	WARP	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-53.52%	-48.21%	-5.31%
Current Drawdown Current decline from peak	-48.66%	-39.96%	-8.70%
Average Drawdown Average peak-to-trough decline	-28.08%	-14.06%	-14.02%

Volatility

Volatility by Period

	WARP	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	76.88%	53.81%	+23.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.88%	53.81%	+23.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.88%	53.81%	+23.07%

WARP vs. JEDI - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is lower than JEDI's 0.69% expense ratio.

Dividends

WARP vs. JEDI - Dividend Comparison

Neither WARP nor JEDI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WARP and JEDI in my portfolio?

With a correlation of 0.92, WARP and JEDI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WARP or JEDI?

On fees, WARP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or JEDI?

WARP is cheaper with a 0.50% expense ratio, compared with 0.69% for JEDI.

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

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

What is the main difference between WARP and JEDI?

WARP is categorized as Industrials Equities, while JEDI is Aerospace & Defense. WARP tracks MarketVector Space Index, while JEDI tracks BITA Drone & Modern Warfare Select Index. They also come from different issuers: VanEck and Defiance. Their fees differ too: 0.50% for WARP and 0.69% for JEDI.