As of . Rebuilt every trading night.
The most concentrated defense ETFs
Two funds on one theme can hold ten names or two hundred. That is the choice this list is about, and it is not visible in either fund’s name.
| # | Ticker | Fund | Top ten weight | Holdings | Net assets | Total return, 1Y |
|---|---|---|---|---|---|---|
| 1 | EUAD | Select STOXX Europe Aerospace & Defense | 86.6% | 18 | $1.2bn | −4.4% |
| 2 | ITA | iShares U.S. Aerospace & Defense ETF | 77.3% | 52 | $12.5bn | +5.6% |
| 3 | KDEF | PLUS Korea Defense Industry Index ETF | 71.4% | 20 | $157m | −8.0% |
| 4 | SHLD | Global X Defense Tech ETF | 64.4% | 59 | $7.1bn | −5.1% |
| 5 | WDEF | WisdomTree Europe Defense Fund | 63.9% | 42 | $83m | −7.6% |
| 6 | MISL | First Trust Indxx Aerospace & Defense ET | 63.1% | 40 | $704m | +6.4% |
| 7 | WDAF | WisdomTree Asia Defense Fund | 61.6% | 61 | $12m | −1.4% |
| 8 | XDEF | Xtrackers Europe Defense Technologies ET | 61.5% | 30 | $4m | too new |
| 9 | WAR | U.S. Global Technology and Aerospace & D | 61.3% | 28 | $41m | too new |
| 10 | TSSD | Truth Social American Security & Defense | 60.4% | 62 | $7m | too new |
| 11 | DUTY | U.S. Defense ETF | 59.1% | 50 | $2m | too new |
| 12 | NATO | Themes Transatlantic Defense ETF | 58.8% | 84 | $95m | +0.6% |
| 13 | AV | Corgi Aerospace & Commercial Aviation ET | 55.5% | 40 | $773,395 | too new |
| 14 | PPA | Invesco Aerospace & Defense ETF | 53.6% | 63 | $7.6bn | +6.0% |
| 15 | WR | Corgi U.S. War Machine ETF | 48.7% | 57 | $945,672 | too new |
Method
The 22 of 22 ETFs in the defense theme with a filed book, most concentrated first. Across the funds listed here the weight in the ten largest runs from 48.7% to 86.6%. Concentration is not a fault. It is how much of the fund rides on ten decisions. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
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Where these figures came from
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A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, The most concentrated defense ETFs, ranked by the share of the fund held in its ten largest positions, data as of Sep 18, 2026. https://etfiq.com/rankings/themes-concentrated-defense Free to use with attribution; the underlying files are at Open data.