XDEF · Xtrackers Europe Defense Technologies ETF
XDEF holds 30 stocks. 100% of it is not in the S&P 500, and its top ten are 62% of the fund.
Its ten largest positions
| Holding | Ticker | Weight | |
|---|---|---|---|
| AIRBUS SE | AIR | 8.69% | |
| ROLLS-ROYCE HOLDINGS PLC | RR/ | 8.64% | |
| SAFRAN SA | SAF | 8.26% | |
| BAE SYSTEMS PLC | BA/ | 7.30% | |
| RHEINMETALL AG | RHM | 6.95% | |
| DSV A/S | DSV | 4.70% | |
| THALES SA | HO | 4.40% | |
| MTU AERO ENGINES AG | MTX | 4.29% | |
| MELROSE INDUSTRIES PLC | MRO | 4.28% | |
| LEONARDO SPA | LDO | 3.98% |
Period by period
| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
|---|---|---|---|---|
| 3 months | +4.1% | +4.7% | −0.6 pts | +2.0 pts |
| 6 months | −5.2% | +15.2% | −20.4 pts | −25.4 pts |
| Since launch | −99.1% | +13.3% | −112.5 pts | −116.7 pts |
In plain words
The top ten holdings are 62% of the fund across 30 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned −99.1% with distributions reinvested against +13.3% for the S&P 500, so a holder was behind by 112.5 pts. It sits 99.2% below its all-time high of Jan 16, 2026.
| Theme (ETFIQ, editorial) | Defense |
|---|---|
| Launched | Jan 2, 2026 |
| Already in the S&P 500, by weight (ETFIQ) | 0.0% |
| Active share vs the S&P 500 (ETFIQ) | 100.0% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 0.0% |
| Active share vs the Nasdaq-100 (ETFIQ) | 100.0% |
| Top ten holdings weight | 61.5% |
| Holdings | 30 |
| Holdings as of (SEC N-PORT) | May 31, 2026 |
| Top holdings | AIRBUS SE 8.7%, ROLLS-ROYCE HOLDINGS PLC 8.6%, SAFRAN SA 8.3%, BAE SYSTEMS PLC 7.3%, RHEINMETALL AG 7.0%, DSV A/S 4.7%, THALES SA 4.4%, MTU AERO ENGINES AG 4.3%, MELROSE INDUSTRIES PLC 4.3%, LEONARDO SPA 4.0% |
| Net assets (SEC filing, whole fund, as filed for May 31, 2026) | $5m |
| Below its all-time high (ETFIQ) | −99.2% |
| Expense ratio (prospectus XBRL) | 0.35% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.35% |
| Closest funds by holdings overlap | WDEF 71%, EUAD 62%, ARMY 57%, NATO 32%, SHLD 27% |
Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. How this desk computes every figure
Questions people ask
- How much of XDEF is already in the S&P 500?
- By its holdings filed for May 31, 2026, 0% of XDEF by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.
- What does XDEF hold?
- 30 positions as filed for May 31, 2026, with the top ten at 62% of the fund. The largest are AIRBUS SE at 8.7%, ROLLS-ROYCE HOLDINGS PLC at 8.6%, SAFRAN SA at 8.3%.
- Has XDEF beaten the S&P 500?
- Over the year to Sep 4, 2026 XDEF returned −99.1% with distributions reinvested, against +13.3% for the S&P 500, so it finished behind the index by 112.5 points.
- What does XDEF cost?
- The prospectus expense ratio is 0.35% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.35%.
The words on this page
- Active share
- The part of the fund doing something the index is not, as a percentage. It is the part a fee is actually buying.
- Weight overlap
- The share of money two portfolios hold in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice.
- Already in the index
- The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at very different weights.
- Top ten
- What the ten largest positions add up to. The higher it is, the more the fund is a bet on a few companies rather than a theme.
Every term this desk uses, defined in full on the themes desk vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Funds near this one
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Cite this page. ETFIQ, XDEF on the themes desk, data as of Sep 4, 2026. https://etfiq.com/funds/XDEF.html Free to use with attribution; the underlying files are at Open data.