(JEDI) Defiance Drone Modern - NYSE

The Defiance Drone and Modern Warfare ETF (JEDI) is a passively managed fund tracking a global index of companies involved in the drone and defense technology sectors. The fund focuses on businesses generating substantial revenue from unmanned aerial vehicles and modern combat systems. This sector is increasingly defined by the integration of artificial intelligence and autonomous systems into military hardware to enhance surveillance and precision strike capabilities.

As a non-diversified fund, JEDI concentrates its holdings within a specific technological niche rather than spreading assets across broad market sectors. The modern warfare industry relies heavily on government defense contracts, which often provide long-term revenue visibility but remain subject to geopolitical shifts and legislative budget approvals. For a deeper look into the fundamental metrics of defense contractors, ValueRay provides detailed analytical tools.

The ETF launched in September 2025 and is categorized within the technology sector, specifically targeting micro-cap opportunities with a current market capitalization of $116 million. By tracking developed market exchanges, the fund ensures liquidity while maintaining exposure to the rapid innovation cycles characteristic of the aerospace and defense industries.