GCAL vs JEDI

Comparison between GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF) and DEFIANCE DRONE AND MODERN WARFARE ETF (JEDI, ETF).

GCAL vs JEDI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GCAL(ETF)	JEDI(ETF)
Net Assets	$172M	$172M
Expense Ratio	0.30%	0.69%
Max Drawdown	5.11%	26.33%
Sharpe Ratio	1.12	1.03
5Y Beta	0.01	2.05
P/E Ratio	N/A	-14.49
Debt to Equity	N/A	4.55%
P/S Ratio	N/A	9.07
P/B Ratio	N/A	3.43

Net Assets

Winner

GCAL

$172M

JEDI

$172M

Expense Ratio

Winner

GCAL

0.30%

JEDI

0.69%

Max Drawdown

Winner

GCAL

5.11%

JEDI

26.33%

Sharpe Ratio

Winner

GCAL

1.12

JEDI

1.03

5Y Beta

Winner

GCAL

0.01

JEDI

2.05

P/E Ratio

GCAL

N/A

JEDI

-14.49

Debt to Equity

GCAL

N/A

JEDI

4.55%

P/S Ratio

GCAL

N/A

JEDI

9.07

P/B Ratio

GCAL

N/A

JEDI

3.43

GCAL vs JEDI - Historical Returns

Returns include dividend reinvestment.

Period	GCAL	JEDI
1 month	+0.59%	+7.36%
3 months	+0.97%	+18.67%
6 months	+2.11%	+32.92%
1 year	+6.41%	N/A
Max(CAGR)	+4.17%	+38.62%

GCAL

+0.59%

Winner

JEDI

+7.36%

GCAL

+0.97%

Winner

JEDI

+18.67%

GCAL

+2.11%

Winner

JEDI

+32.92%

GCAL

+6.41%

JEDI

N/A

Max(CAGR)

GCAL

+4.17%

Winner

JEDI

+38.62%

GCAL vs JEDI - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	GCAL	JEDI
2026	+1.54%	+27.47%
2025	+4.44%	-3.73%
2024	+1.65%	N/A

GCAL vs JEDI Drawdown Comparison

The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.

The maximum drawdown for JEDI was -26.33%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The current GCAL drawdown is -0.33%. The current JEDI drawdown is -25.08%.

Rank	GCAL	JEDI
#1	-4.39% Mar 3, 2025 - Sep 8, 2025	-26.33% May 28, 2026 - Jun 10, 2026
#2	-2.24% Feb 27, 2026 - Mar 26, 2026	-21.67% Jan 16, 2026 - Apr 16, 2026
#3	-1.97% Dec 4, 2024 - Feb 25, 2025	-20.81% Oct 8, 2025 - Jan 9, 2026
#4	-1.92% Oct 1, 2024 - Dec 2, 2024	-14.49% Apr 22, 2026 - May 14, 2026
#5	-0.80% Aug 5, 2024 - Sep 4, 2024	-5.99% May 14, 2026 - May 22, 2026
#6	-0.45% Sep 17, 2025 - Oct 8, 2025	-4.08% Apr 16, 2026 - Apr 22, 2026
#7	-0.40% Nov 11, 2025 - Nov 25, 2025	-0.46% Jan 12, 2026 - Jan 14, 2026
#8	-0.36% Jan 16, 2026 - Jan 30, 2026	-0.15% Oct 6, 2025 - Oct 8, 2025
#9	-0.35% Nov 26, 2025 - Dec 18, 2025	N/A
#10	-0.27% Oct 24, 2025 - Nov 10, 2025	N/A
#11	-0.16% Sep 16, 2024 - Sep 27, 2024	N/A
#12	-0.14% Dec 24, 2025 - Dec 29, 2025	N/A
#13	-0.10% Oct 22, 2025 - Oct 24, 2025	N/A
#14	-0.09% Feb 25, 2025 - Feb 28, 2025	N/A
#15	-0.07% Oct 14, 2025 - Oct 16, 2025	N/A