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Launched · SEC filings

Drone and Modern Warfare ETF

JEDINYSE ArcaD

$22.24−0.62 (−2.71%)

At close: Oct 13, 2026, 4:00 PM

D36/ 100

Rank 21 of 26 in Defense & Aerospace

D36/100Rank 21 of 26inDefense & Aerospace
Intraday session: down, 68 prints from 22.86 to 22.24. Range 22.08 to 22.53. Use the arrow keys to read each point.22.4022.6010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$155M
1Y total return
−13.8%
Yield · Last 12 months
—
Holdings
47
Avg volume · 30D
0.2M sh
NAV per share
$23.56
52W range
low $21.91high $42.99
Launched
Filings
SEC EDGAR

The ETF.net JEDI Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Defense & Aerospace⁠
Rank
21 of 26
Six-pillar profile for JEDI. Scores out of 100: Cost 20, Risk 25, Mission not scored, Tradability 51, Holdings 67, Durability 65. Strongest: Holdings (67). Weakest: Cost (20). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F20 out of 100
    Rank 21 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D25 out of 100
    Rank 23 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 11 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 8 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 8 of 26

Our read on JEDI

ETF.net Research

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.

Stated mandate

The Fund seeks to track, before fees and expenses, the total return of the BITA Drone & Modern Warfare Select Index.

Why people hold it

  1. 01A 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
  2. 02The 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
  3. 03Roughly 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

  1. 01At 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.
  2. 02Launched in September 2025, so there's only a short live record to judge index tracking and real-world trading costs against.
  3. 03Concentration 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

As of Oct 13, 2026
Asset class
Stocks
Holdings
47
Top-10 weight
53%
Largest holding
ONDS9.4%

Geography

  • United States88.24%
  • United Kingdom5.58%
  • Australia2.95%
  • France1.08%
  • Germany0.56%
  • Sweden0.56%
  • Israel0.53%
  • Canada0.49%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ONDSOndas Inc9.37%2,111,394$14M76
002RDWRedwire Corp7.87%1,283,683$12M84
003UMACUnusual Machines Inc /US6.34%485,732$10M47
004LUNRIntuitive Machines Inc5.78%675,257$9M81
005ASTSAST SpaceMobile Inc4.54%132,529$7M151
006RKLBRocket Lab Corp4.24%97,078$6M238
007RCATRed Cat Holdings Inc3.95%1,102,512$6M60
008EVTLVertical Aerospace Ltd3.73%11,460,128$6M4
009BKSYBlackSky Technology Inc3.72%281,775$6M66
010—Shield AI II -IC LLC3.36%32,536$5M1
011PLPlanet Labs PBC3.31%311,589$5M91
012ACHRArcher Aviation Inc3.25%1,041,827$5M80
013AIC3.ai Inc3.20%414,346$5M86
014JOBYJoby Aviation Inc3.12%913,668$5M81
015FEIMFrequency Electronics Inc2.93%60,690$4M58

Showing 1–15 of 47 holdings

JEDI Performance

Launched Sep 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
JEDI$8,623
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. JEDI $8,623. SPY $12,044. Use the arrow keys to read each point.$7,670$12,144$16,619Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for JEDI. Periods over one year show the average yearly return.
PeriodJEDI
Year to date−5.8%
1 month−10.7%
3 months−10.6%
1 year−13.8%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JEDI
YearReturn barJEDI
2026 YTD−5.8%
2025−3.7%

History from Sep 26, 2025

JEDI in the news

JEDI Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

JEDI Risk

How much the fund’s monthly returns vary, scaled to a year.
68.8%
Annualised · 12 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.18
vs 3-month T-bills · 12 months to Sep 2026
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.

The largest fall from a peak to the low that followed.
−48.2%
12 months · trough Jul 2026
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.

How strongly the fund’s returns move with its asset-class index.
2.73
vs its asset-class index
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

Expense ratio0.69%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

19 of the 25 Defense & Aerospace funds charge less.

JEDI costs $69.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.

Other funds in Defense & Aerospace

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