As of Nov 4, 2026. Rebuilt every trading night.
The most concentrated defense ETFs
See 15 funds ranked by the share of the fund held in its ten largest positions. Updated Nov 4, 2026. Two funds on one theme can hold ten names or two hundred. Fund names do not show which.
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All 15, highest first
15 of 15 · click a column to sort| # | Ticker | Fund | Top ten weight ↓ | Holdings | Net assets | Total return, 1Y |
|---|---|---|---|---|---|---|
| 1 | ITA | iShares U.S. Aerospace & Defense ETF | 76.3% | 51 | $12.2bn | +0.8% |
| 2 | KDEF | PLUS Korea Defense Industry Index ETF | 70.4% | 20 | $113m | −28.3% |
| 3 | SHLD | Global X Defense Tech ETF | 64.8% | 50 | $6.3bn | −8.5% |
| 4 | XDEF | Xtrackers Europe Defense Technologies ET | 64.0% | 35 | $4.3m | too new |
| 5 | WDEF | WisdomTree Europe Defense Fund | 63.3% | 42 | $88m | −5.6% |
| 6 | PPA | Invesco Aerospace & Defense ETF | 61.8% | 70 | $7.7bn | +1.6% |
| 7 | WDAF | WisdomTree Asia Defense Fund | 61.6% | 61 | $22m | −16.2% |
| 8 | NATO | Themes Transatlantic Defense ETF | 61.2% | 83 | $88m | −1.8% |
| 9 | WAR | U.S. Global Technology and Aerospace & D | 61.0% | 28 | $41m | too new |
| 10 | TSSD | Truth Social American Security & Defense | 60.4% | 62 | $7.0m | too new |
| 11 | MISL | First Trust Indxx Aerospace & Defense ET | 60.2% | 44 | $685m | −2.3% |
| 12 | DUTY | U.S. Defense ETF | 59.0% | 50 | $2.1m | too new |
| 13 | AV | Corgi Aerospace & Commercial Aviation ET | 55.8% | 39 | $800,703 | too new |
| 14 | WR | Corgi U.S. War Machine ETF | 49.5% | 56 | $932,169 | too new |
| 15 | GCAD | Gabelli Commercial Aerospace and Defense | 47.5% | 51 | $44m | +9.4% |
The 22 of 22 ETFs in the defense theme with a filed book, most concentrated first.
The rest of the method
Across the funds listed here the weight in the ten largest runs from 47.5% to 76.3%. Concentration is not a fault. It shows how much rides on ten holdings. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.
Links are sources, not endorsements. A ranking is not a recommendation or an opinion.
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ETFIQ, The most concentrated defense ETFs, ranked by the share of the fund held in its ten largest positions, data as of Nov 4, 2026. https://etfiq.com/rankings/themes-concentrated-defense
ETFIQ. (Nov 4, 2026). The most concentrated defense ETFs, ranked by the share of the fund held in its ten largest positions. Retrieved from https://etfiq.com/rankings/themes-concentrated-defense
[The most concentrated defense ETFs, ranked by the share of the fund held in its ten largest positions (ETFIQ, Nov 4, 2026)](https://etfiq.com/rankings/themes-concentrated-defense)
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