WDTE vs. JEDI

Last updated Jul 14, 2026

WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) and JEDI (Defiance Drone and Modern Warfare ETF) are both exchange-traded funds - WDTE is a Derivative Income fund actively managed by Defiance, while JEDI is a Aerospace & Defense fund tracking the BITA Drone & Modern Warfare Select Index. WDTE is actively managed, while JEDI is passively managed. At a 0.48 correlation, their price movements are largely independent. WDTE charges 1.01%/yr vs 0.69%/yr for JEDI.

Performance

WDTE vs. JEDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) and Defiance Drone and Modern Warfare ETF (JEDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDTE achieves a 10.14% return, which is significantly higher than JEDI's 1.27% return.

WDTE

• 1D: -0.65%
• 1M: 1.55%
• 6M: 8.44%
• YTD: 10.14%
• 1Y: 18.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JEDI

• 1D: -3.83%
• 1M: -22.66%
• 6M: -16.39%
• YTD: 1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDTE vs. JEDI - Yearly Performance Comparison

	2026 (YTD)	2025
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	10.14%	2.68%
JEDI Defiance Drone and Modern Warfare ETF	1.27%	-3.42%

Correlation

The correlation between WDTE and JEDI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 26, 2025	0.48

Return for Risk

WDTE vs. JEDI — Risk / Return Rank

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

WDTE

WDTE Risk / Return Rank: 66
WDTE Sharpe Ratio Rank: 65
WDTE Sortino Ratio Rank: 60
WDTE Omega Ratio Rank: 70
WDTE Calmar Ratio Rank: 62
WDTE Martin Ratio Rank: 74

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.

WDTE vs. JEDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) 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.

	WDTE	JEDI	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.43	—	—
Martin ratio: Return relative to average drawdown	10.90	—	—

Drawdowns

WDTE vs. JEDI - Drawdown Comparison

The maximum WDTE drawdown since its inception was -15.85%, smaller than the maximum JEDI drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for WDTE and JEDI.

Drawdown Indicators

	WDTE	JEDI	Difference
Max Drawdown Largest peak-to-trough decline	-15.85%	-42.06%	+26.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.65%	—	—
Current Drawdown Current decline from peak	-0.94%	-42.06%	+41.12%
Average Drawdown Average peak-to-trough decline	-1.83%	-11.87%	+10.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	—	—

Volatility

Volatility by Period

	WDTE	JEDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.02%	52.15%	-41.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	52.15%	-40.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.44%	52.15%	-40.71%

WDTE vs. JEDI - Expense Ratio Comparison

WDTE has a 1.01% expense ratio, which is higher than JEDI's 0.69% expense ratio.

Dividends

WDTE vs. JEDI - Dividend Comparison

WDTE's dividend yield for the trailing twelve months is around 32.54%, while JEDI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
JEDI Defiance Drone and Modern Warfare ETF	0.00%	0.00%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	32.54%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both WDTE and JEDI in my portfolio?

WDTE and JEDI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDTE 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, WDTE or JEDI?

JEDI is cheaper with a 0.69% expense ratio, compared with 1.01% for WDTE.

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

WDTE has the higher dividend yield at 32.54%, compared with 0.00% for JEDI.

What is the main difference between WDTE and JEDI?

WDTE is categorized as Derivative Income, while JEDI is Aerospace & Defense. Their fees differ too: 1.01% for WDTE and 0.69% for JEDI.