Drone and Modern Warfare ETF
$26.08−0.61 (−2.29%)
History starts Sep 26, 2025.History starts Sep 26, 2025.
- Expense ratio
- 0.69%
- Fund size
- $179M
- 1Y return
- —
- Yield · Last 12 months
- —
- Holdings
- 48
- Volume · 30D
- 0.2M sh
- NAV per share
- $26.40
- 52W range
The ETF.net JEDI Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 20Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 28Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 51Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 65Category rank
Our read on JEDI
DMost defense ETFs are built around the legacy primes. JEDI goes narrow instead: roughly 40 stocks drawn from a drone and modern-warfare index, weighted toward the names with liquidity and momentum behind them.
The Fund seeks to track, before fees and expenses, the total return of the BITA Drone & Modern Warfare Select Index.
Why people hold it
- A pure-play on the theme, not a broad aerospace basket. It tracks the BITA Drone & Modern Warfare Select Index, so drones and battlefield tech are the whole point, not a sleeve.defianceetfs.com
- The index runs an advertised liquidity-momentum screen, tilting the basket toward warfare-tech names the market is already trading actively and pricing higher.defianceetfs.com
- Roughly 40 holdings keeps the theme undiluted, and the structure is plain: a passive, index-tracking 1940 Act fund in developed markets. No leverage, no K-1.defianceetfs.com
Worth knowing
- At 0.69% a year it runs above the defense cohort's 0.50% median, and well above broad peers like XAR (0.35%) and ITA (0.37%). The niche costs extra.
- Launched in September 2025, so there's only a short live record to judge index tracking and real-world trading costs against.
- Concentration cuts both ways. A momentum-screened, roughly 40-stock slice of defense can move a lot harder than a diversified aerospace and defense fund.
JEDI Holdings
- Stocks
- 48
- 54%
- ONDS
Geography
- United States87.92%
- United Kingdom6.02%
- Australia3.04%
- France1.02%
- Israel0.54%
- Sweden0.51%
- Germany0.50%
- Canada0.46%
JEDI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
JEDI$10,997
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JEDI |
|---|---|
| Year to date | +10.0% |
| 1 month | −6.8% |
| 3 months | −8.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JEDI |
|---|---|---|
| 2026 YTD | +10.0% | |
| 2025 | −3.7% |
JEDI in the news
JEDI Dividends
Listed Sep 2025. No distributions yet.
JEDI Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 2.71
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JEDI Cost
0.69%
JEDI0.69%
- The middle half of Defense & Aerospace funds
- Median 0.50%
19 of the 25 Defense & Aerospace funds charge less.