# The largest defense ETFs

> ITA leads the largest defense ETFs at $12.0bn (net assets), as of Oct 27, 2026. The largest defense ETFs, ranked by net assets.

Data as of Oct 27, 2026. Rebuilt every trading night.

As of Oct 27, 2026 . Rebuilt every trading night.

## The largest defense ETFs

See 15 funds ranked by net assets. Updated Oct 27, 2026. Every fund here is sold on defense. The column beside the size shows how much of each the S&P 500 already holds.

| # | Ticker | Fund | Net assets | Weight in S&P 500 companies | Total return, 1Y | Fee | Source |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | ITA | iShares U.S. Aerospace & Defense ETF | $12.0bn | 81.2% | −5.6% | 0.37% | Issuer daily, Oct 27, 2026 |
| 2 | PPA | Invesco Aerospace & Defense ETF | $7.5bn | 77.1% | −1.3% | 0.58% | Issuer page, Oct 26, 2026 |
| 3 | SHLD | Global X Defense Tech ETF | $6.3bn | 44.6% | −6.9% | 0.50% | Issuer page, Oct 12, 2026 |
| 4 | XAR | State Street SPDR S&P Aerospace & Defens | $5.0bn | 40.4% | −10.5% | 0.35% | Issuer daily, Oct 26, 2026 |
| 5 | IDEF | iShares Defense Industrials and Tech Act | $3.7bn | 43.1% | −6.4% | 0.55% | Issuer daily, Oct 26, 2026 |
| 6 | EUAD | Select STOXX Europe Aerospace & Defense | $1.2bn | 0.0% | −11.2% | 0.50% | SEC filing, May 31, 2026 |
| 7 | MISL | First Trust Indxx Aerospace & Defense ET | $676m | 66.3% | −5.2% | 0.60% | Issuer page, Oct 26, 2026 |
| 8 | KDEF | PLUS Korea Defense Industry Index ETF | $157m | 0.0% | −26.8% | 0.65% | SEC filing, May 31, 2026 |
| 9 | WDEF | WisdomTree Europe Defense Fund | $88m | 0.0% | −9.3% | 0.45% | SEC filing, Jun 30, 2026 |
| 10 | NATO | Themes Transatlantic Defense ETF | $86m | 58.2% | −7.3% | 0.35% | Issuer page, Oct 26, 2026 |
| 11 | GCAD | Gabelli Commercial Aerospace and Defense | $44m | 40.1% | +6.2% | 0.10% | SEC filing, Jun 30, 2026 |
| 12 | WAR | U.S. Global Technology and Aerospace & D | $41m | 38.1% | too new | 0.60% | SEC filing, Jun 30, 2026 |
| 13 | WDAF | WisdomTree Asia Defense Fund | $22m | 0.0% | −18.7% | 0.45% | SEC filing, Jun 30, 2026 |
| 14 | FOWF | Pacer Solactive Whitney Future of Warfar | $15m | 74.8% | +10.6% | 0.49% | Issuer daily, Oct 26, 2026 |
| 15 | ARMY | Tema International Defense ETF | $13m | 11.8% | too new | 0.68% | Issuer page, Oct 26, 2026 |

### Method

The 22 ETFs in the defense theme, of which 22 publish net assets, ranked on the most recent number for each. Across the funds listed here the weight held in S&P 500 companies runs from 0.0% to 81.2%. Size shows where the money is, not what a fund did. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.

### Where to next

### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, The largest defense ETFs, ranked by net assets, data as of Oct 27, 2026. https://etfiq.com/rankings/themes-largest-defense
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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