# XDEF (Xtrackers Europe Defense Technologies ETF)

Xtrackers · Thematic ETFs · data as of Sep 11, 2026

XDEF holds 30 stocks, and 100% of its weight is outside the S&P 500.

## Key facts

- XDEF, already in the S&P 500: 0.0%, as of Sep 11, 2026.
- XDEF, active share vs the S&P 500: 100.0%, as of Sep 11, 2026.
- XDEF, top ten holdings: 61.5%, as of Sep 11, 2026.
- XDEF, total return, since launch: −99.2%, as of Sep 11, 2026.
- XDEF, net assets: $4m (issuer page, as of Sep 10, 2026).
- XDEF, expense ratio: 0.35% (485BPOS XBRL, Jan 23, 2026).

## XDEF over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +0.8% | +3.3% | −2.5 pts | +1.6 pts |
| 6 months | −5.2% | +16.0% | −21.2 pts | −25.9 pts |
| Since launch | −99.2% | +12.5% | −111.6 pts | −116.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Jan 2, 2026 | ETFIQ |
| Already in the S&P 500, by weight | 0.0% | ETFIQ |
| Active share vs the S&P 500 | 100.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 61.5% | ETFIQ |
| Holdings | 30 | ETFIQ |
| Holdings as of | May 31, 2026 | SEC N-PORT |
| 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% | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 10, 2026 |
| Below its all-time high | −99.2% | ETFIQ |
| Expense ratio | 0.35% | 485BPOS XBRL, Jan 23, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.35% | ETFIQ |
| Closest funds by holdings overlap | WDEF 71%, EUAD 62%, ARMY 57%, NATO 32%, WDGF 26% | ETFIQ |

## Questions

### How much of XDEF is in S&P 500 companies?

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 11, 2026 XDEF returned −99.2% with distributions reinvested, against +12.5% for the S&P 500, so it finished behind the index by 111.6 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%.


## Cite this page

ETFIQ, XDEF, data as of Sep 11, 2026. https://etfiq.com/funds/xdef
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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