WARP vs. JEDI

Last updated Jun 4, 2026

WARP (VanEck Space ETF) and JEDI (Defiance Drone & 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 0.86 suggests significant overlap in exposure. 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 & Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WARP

• 1D: -6.84%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -8.76%
• 1M: 33.56%
• YTD: 52.32%
• 6M: 62.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WARP vs. JEDI - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	23.47%
JEDI Defiance Drone & Modern Warfare ETF	36.42%

Correlation

The correlation between WARP and JEDI is 0.86, 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 May 8, 2026	0.86

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 & 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.

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

Sharpe Ratios by Period

	WARP	JEDI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	22.26	1.60	+20.67

Drawdowns

WARP vs. JEDI - Drawdown Comparison

The maximum WARP drawdown since its inception was -18.67%, smaller than the maximum JEDI drawdown of -21.67%. 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	-18.67%	-21.67%	+3.00%
Current Drawdown Current decline from peak	-18.67%	-12.85%	-5.82%
Average Drawdown Average peak-to-trough decline	-3.23%	-9.16%	+5.93%

Volatility

Volatility by Period

	WARP	JEDI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	47.61%	+36.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.83%	47.61%	+36.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.83%	47.61%	+36.22%

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?

WARP and JEDI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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. Their fees differ too: 0.50% for WARP and 0.69% for JEDI.