If you break it down by range factor (putouts + assists), it looks like Ozzie made roughly half a play a game more than the average shortstop. (Career RF/9 innings: 5.22 plays; league average during his career: 4.78.) So let's say having Ozzie at short gets you 80 more outs a year than average.
Derek Jeter, again by range factor, has made almost half a play a game LESS than the average shortstop. (Career RF/9 innings: 4.13 plays; league avg: 4.55.) So let's say that having Jeter at short gets you 70 outs a year less than average.
So add them together, and having Ozzie at short instead of Jeter is worth 150 defensive outs over the course of a year -- one per game. In order just to break even, Jeter's got to get on base 150 times a year more than Ozzie. Jeter has averaged 206 hits and 67 walks a year, so he's on base 273 times a year; Ozzie averaged 155 hits and (also) 67 walks a year, so he was on base 222 times a year. So Jeter only gets on base roughly 51 times a year more than Ozzie did. So he's still a hundred outs a year short of breaking even.
I'll take Ozzie's defense over Jeter's bat any day.