JEDI
Defiance Drone and Modern Warfare ETF
The Defiance Drone and Modern Warfare ETF seeks to provide investors with exposure to companies engaged in the drone and modern warfare sectors, focusing on technologies that enhance defense capabilities and military operations.
Global
EQUITY
Passive
MANAGEMENT STYLE
25.4 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | Defiance |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 25, 2025 |
| Assets (mns) | $25 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PALANTIR TECHNOLOGIES INC. CLASS A | 8.0 % |
| RTX CORP | 7.3 % |
| L3HARRIS TECHNOLOGIES INC | 6.9 % |
| SAIC INC | 6.6 % |
| THALES SA | 6.5 % |
| CACI INTERNATIONAL INC -CL A | 6.2 % |
| ROCKET LAB USA, INC. | 6.1 % |
| AEROVIRONMENT INC | 6.1 % |
| KRATOS DEFENSE & SECURITY | 5.8 % |
| SAAB CLASS B | 5.3 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 535 |
| Wgt avg mkt cap (mns) | $60,768 |
| Large cap (>$10bn) | 63.1% |
| Mid cap ($2-10bn) | 25.3% |
| Small cap (<$2bn) | 10.3% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 70.8 % |
 |
FRANCE | 7.4 % |
 |
SWEDEN | 5.3 % |
 |
ISRAEL | 4.9 % |
 |
BRITAIN | 4.9 % |
 |
GERMANY | 3.7 % |
 |
AUSTRALIA | 1.6 % |
 |
PUERTO RICO | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -9.1% |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -9.1% | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | 28.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $0 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| 30d moving avg. (EMA) | $23.94 |
| Relative strength (RSI) | 42 |
| MACD/Signal | -0.65/-0.81 |
| Bollinger Bands (Upper/Lower) | $25.00/$21.58 |
| Short interest (% of AUM) | 2.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JEDI |
Expenses vs. JEDI |
ALTAR Score™ vs. JEDI |
|---|---|---|---|---|
| SHLD | Global X Defense Tech ETF | 43.2% | -19 bp | +3.2% |
| GDFN | Tema International Defense Innov ETF | 33.1% | +6 bp | +3.1% |
| ARKX | ARK Space Exploration & Innovation ETF | 28.2% | +6 bp | +0.2% |
| MISL | First Trust Indxx Aerospace & Defense ETF | 26.0% | -9 bp | +1.9% |
| PPA | Invesco Aerospace & Defense ETF | 23.2% | -11 bp | +2.3% |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 20.7% | +6 bp | +1.1% |
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 16.0% | -34 bp | +1.9% |
| FOWF | Pacer Solactive Whitney Fututre of Warfare ETF | 15.1% | -9 bp | +4.0% |
| NATO | Themes Transatlantic Defense ETF | 15.0% | -34 bp | +2.2% |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 14.7% | -24 bp | +1.6% |
Risk and Returns: JEDI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
JEDI
1.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 383 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
3.1%. JEDI's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places JEDI in the 20nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JEDISELL
U/W
HOLD
O/W
BUY