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
$ 165.8 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Inception date | Sep 25, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| UNUSUAL MACHINES INC /US | 12.6 % |
| REDWIRE CORP | 10.0 % |
| ONDAS HOLDINGS, INC. | 7.4 % |
| C3.AI, INC. CLASS A | 5.9 % |
| ARCHER AVIATION INC CLASS A | 4.8 % |
| RED CAT HOLDINGS INC | 4.2 % |
| INTUITIVE MACHINES INC | 4.1 % |
| ROCKET LAB CORP | 4.1 % |
| AST SPACEMOBILE, INC. CLASS A | 3.4 % |
| AEROVIRONMENT INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 444 |
| Wgt avg mkt cap (mns) | $12,444 |
| Large cap (>$10bn) | 16.4% |
| Mid cap ($2-10bn) | 42.6% |
| Small cap (<$2bn) | 25.6% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 86.0 % |
 |
PUERTO RICO | 4.2 % |
 |
AUSTRALIA | 3.2 % |
 |
BRITAIN | 2.9 % |
 |
FRANCE | 1.3 % |
 |
GERMANY | 0.7 % |
 |
SWEDEN | 0.6 % |
 |
ISRAEL | 0.6 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.5% | -- | -- | -- | -- | -- | -- | -5.2% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -1.5% | -- | -- | -- | -- | -- | -- | -5.2% | Ann. Volatility | 61.9% | -- | -- | -- | -- | -- | -- | 53.6% |
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) | 142 |
| ADV traded (mns) | $4 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.32% |
Technical Indicators
| 30d moving avg. (EMA) | $26.03 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -1.46/-1.59 |
| Bollinger Bands (Upper/Lower) | $27.68/$21.86 |
| Short interest (% of AUM) | 2.1% |
Distributions
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 |
|---|---|---|---|---|
| DRNZ | REX Drone ETF | 27.6% | -4 bp | -3.2% |
| BZZ | Corgi Drones & Urban Air Mobility ETF | 25.3% | -34 bp | -3.3% |
| DIPR | Corgi Space & Satellite Comm ETF | 24.9% | -34 bp | -2.4% |
| ORBX | Global X Space Tech ETF | 23.0% | -19 bp | -2.7% |
| ARKX | ARK Space Exploration & Innovation ETF | 19.4% | +6 bp | -1.2% |
| MARS | Roundhill Space & Technology ETF | 19.1% | +6 bp | -3.9% |
| UFO | Procure Space ETF | 18.2% | +6 bp | -1.5% |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 16.7% | +6 bp | -0.2% |
| NASA | Tema Space Innovators ETF | 16.5% | +6 bp | -4.0% |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 15.0% | -24 bp | -0.6% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
1.7%
ALTAR SCORE™
16th
PERCENTILE
AVOID
ETFRC RATING
There are 736 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. JEDI's ALTAR Score™ is approximately -1.0 standard
deviations above the category average. This places JEDI in the 16th percentile
among funds in the category.
Sell-Side Consensus
$39.72
PRICE TARGET
+34.7%
UPSIDE