Tema International Defense Innovation ETF
$22.59−0.15 (−0.65%)
- 0.75%
- $7M
- 0M sh
- $22.54
- low $21.14high $28.96
The ETF.net ARMY Grade
D
Score 28 out of 100
- 24 of 26
Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F14 out of 100Rank 22 of 26Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D25 out of 100Rank 23 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 21 of 26Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 13 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 16 of 26
Our read on ARMY
DMost defense ETFs are a bet on the Pentagon's vendor list. ARMY goes hunting further afield: an actively managed, compact book of aerospace and defense names, screened so at least half of a holding's revenue comes from defense itself.
The fund pursues its investment objective by concentrating at least 80% of net assets in domestic and foreign publicly listed companies in the Aerospace and Defense sector, including defense-supporting businesses with an innovation focus.
Why people hold it
- Stock-picked, not index-tracked. The prospectus commits at least 80% of net assets to listed aerospace and defense companies, domestic and foreign.sec.gov
- The purity screen has teeth: holdings must draw 50% of revenue from defense equipment, defense tech and related sub-sectors, not conglomerates with a small military arm.sec.gov
- A different map from US-focused rivals like ITA and XAR: the mandate reaches allied and overseas builders in AI, drones, robotics and defense cyber.temaetfs.comsec.gov
Worth knowing
- Active management carries an active price: 0.75% a year, versus a 0.50% cohort median and index peers XAR (0.35%) and ITA (0.37%).
- Launched in 2025, still a small and thinly traded fund. Light volume can widen the spread you pay at the point of trade.
- A few dozen holdings plus heavy foreign exposure stacks currency and single-country policy risk on top of sector swings. The issuer flags high volatility.temaetfs.com
ARMY Holdings
- Stocks
- 35
- 46%
- ANDURIL SPV
Geography
- United Kingdom22.12%
- United States20.90%
- Germany16.61%
- France11.99%
- Norway5.39%
- Italy5.08%
- Israel4.37%
- Spain4.22%
- 9.31%
Developed 91% · Emerging 9%
ARMY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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ARMY$9,501
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ARMY |
|---|---|
| Year to date | — |
| 1 month | −3.1% |
| 3 months | −5.0% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ARMY |
|---|---|---|
| 2026 YTD | −17.9% |
ARMY in the news
ARMY Dividends
No distributions in the last 12 months.
ARMY Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.51
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ARMY Cost
0.75%
ARMY0.75%
- The middle half of Defense & Aerospace funds
- Median 0.50%
20 of the 25 Defense & Aerospace funds charge less.
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- DUFODETF Opportunities Trust - Tuttle Capital UFO Disclosure ETFExpense ratio 0.99%1 year return —
- DWEPNNicholas Defense and Rare Earth Income ETFExpense ratio 1.11%1 year return —