IDEF
iShares Defense Industrials Active ETF
Global
EQUITY
Active
MANAGEMENT STYLE
$ 3.6 B
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Inception date | May 19, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RTX CORP | 7.0 % |
| LOCKHEED MARTIN CORP | 5.2 % |
| GENERAL DYNAMICS CORP | 4.2 % |
| NORTHROP GRUMMAN CORP | 4.0 % |
| BOEING CO | 3.9 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 3.0 % |
| ROLLS-ROYCE GROUP PLC | 3.0 % |
| SPACE EXPLORATION TECHNOLOGIES | 3.0 % |
| EADS NV | 2.5 % |
| THALES SA | 2.2 % |
Constituent Breakdown
| Number of holdings | |
| Herfindahl-Hirschman Index | 209 |
| Wgt avg mkt cap (mns) | $176,589 |
| Large cap (>$10bn) | 73.7% |
| Mid cap ($2-10bn) | 14.8% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 91.6% |
| Emerging mkts. | 4.8% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 62.3 % |
 |
JAPAN | 5.6 % |
 |
BRITAIN | 4.9 % |
 |
SOUTH KOREA | 4.4 % |
 |
FRANCE | 3.9 % |
 |
NETHERLANDS | 3.1 % |
 |
GERMANY | 2.4 % |
 |
SWEDEN | 1.9 % |
 |
ISRAEL | 1.8 % |
 |
ITALY | 1.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.4% | -1.8% | -- | -- | -- | -- | -- | 17.5% |
| Dividend Yield | 0.2% | 0.3% | -- | -- | -- | -- | -- | 0.3% |
| Total Returns | 1.5% | -1.5% | -- | -- | -- | -- | -- | 17.8% | Ann. Volatility | 25.0% | 23.4% | -- | -- | -- | -- | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.19 | 42% |
| MSCI EAFE | 0.99 | 45% |
| MSCI Emg Mkts | 0.53 | 34% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $31.07 |
| Relative strength (RSI) | 38 |
| MACD/Signal | -0.54/-0.49 |
| Bollinger Bands (Upper/Lower) | $32.03/$29.60 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IDEF |
Expenses vs. IDEF |
ALTAR Score™ vs. IDEF |
|---|---|---|---|---|
| NATO | Themes Transatlantic Defense ETF | 47.3% | -20 bp | 0.0% |
| PPA | Invesco Aerospace & Defense ETF | 42.4% | +3 bp | -0.1% |
| SHLD | Global X Defense Tech ETF | 42.2% | -5 bp | +1.6% |
| MISL | First Trust Indxx Aerospace & Defense ETF | 40.1% | +5 bp | -0.6% |
| FOWF | Pacer Solactive Whitney Fututre of Warfare ETF | 39.7% | -6 bp | +1.5% |
| ITA | iShares U.S. Aerospace & Defense ETF | 36.4% | -18 bp | -0.4% |
| TSSD | Truth Social American Security & Defense ETF | 34.7% | +10 bp | +0.1% |
| AV | Corgi Aerospace & Commercial Aviation ETF | 32.2% | -20 bp | +1.8% |
| ARMY | Tema International Defense ETF | 30.3% | +20 bp | +1.5% |
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 30.1% | -20 bp | -1.0% |
Risk and Returns: IDEF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/26/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
2.6%
ALTAR SCORE™
22nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 750 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.7%. IDEF's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places IDEF in the 22nd percentile
among funds in the category.
Sell-Side Consensus
$38.79
PRICE TARGET
+30.2%
UPSIDE