XAR
State Street SPDR S&P Aerospace & Defense ETF
SPDR S&P Aerospace & Defense ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Aerospace & Defense Select Industry Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 6.2 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Sep 28, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| RTX CORP | 3.3 % |
| STANDARDAERO INC | 3.3 % |
| AXON ENTERPRISE INC | 3.3 % |
| HOWMET AEROSPACE INC. | 3.1 % |
| GE AEROSPACE | 3.1 % |
| HUNTINGTON INGALLS INDUSTRIE | 3.1 % |
| HEXCEL CORP | 3.1 % |
| GENERAL DYNAMICS CORP | 3.1 % |
| VSE CORP | 3.1 % |
| HEICO CORP | 3.1 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 261 |
| Wgt avg mkt cap (mns) | $49,169 |
| Large cap (>$10bn) | 59.2% |
| Mid cap ($2-10bn) | 25.9% |
| Small cap (<$2bn) | 4.7% |
| Developed mkts. | 89.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 88.8 % |
 |
PUERTO RICO | 1.0 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.8% | 22.3% | 32.6% | 28.4% | 15.8% | 16.4% | -- | 17.2% |
| Dividend Yield | 0.1% | 0.4% | 0.7% | 0.7% | 0.6% | 0.9% | -- | 1.3% |
| Total Returns | 9.9% | 22.7% | 33.2% | 29.1% | 16.4% | 17.3% | -- | 18.5% | Ann. Volatility | 32.7% | 28.8% | 27.0% | 24.0% | 23.8% | 24.9% | -- | 22.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.42 | 40% |
| MSCI EAFE | 1.15 | 40% |
| MSCI Emg Mkts | 0.68 | 33% |
Liquidity Measures
| Avg. volume (000) | 217 |
| ADV traded (mns) | $59 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $269.48 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -2.69/-2.57 |
| Bollinger Bands (Upper/Lower) | $283.26/$252.92 |
| Short interest (% of AUM) | 0.5% |
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. XAR |
Expenses vs. XAR |
ALTAR Score™ vs. XAR |
|---|---|---|---|---|
| ITA | iShares U.S. Aerospace & Defense ETF | 48.0% | +5 bp | -0.3% |
| PPA | Invesco Aerospace & Defense ETF | 47.5% | +23 bp | +0.0% |
| MISL | First Trust Indxx Aerospace & Defense ETF | 46.8% | +25 bp | +0.2% |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 39.6% | +10 bp | -0.9% |
| AV | Corgi Aerospace & Commercial Aviation ETF | 38.8% | 0 bp | +1.6% |
| NATO | Themes Transatlantic Defense ETF | 36.7% | 0 bp | +0.2% |
| TSSD | Truth Social American Security & Defense ETF | 28.0% | +30 bp | +0.6% |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 27.0% | +10 bp | -0.4% |
| DUTY | U.S. Defense ETF | 25.9% | +10 bp | +0.8% |
| WR | Corgi U.S. War Machine ETF | 25.3% | 0 bp | +3.9% |
Risk and Returns: XAR 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.
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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
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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 8/4/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
2.2%
ALTAR SCORE™
6th
PERCENTILE
AVOID
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.0%. XAR's ALTAR Score™ is approximately -1.6 standard
deviations above the category average. This places XAR in the 6th percentile
among funds in the category.
Sell-Side Consensus
$310.95
PRICE TARGET
+13.6%
UPSIDE