Skip to content
etf.net

Launched

U.S. Defense ETF

DUTYNYSE ArcaC

$27.02−0.26 (−0.95%)

As of Oct 13, 2026, 3:55 PM

C40/ 100

Rank 16 of 26 in Defense & Aerospace

C40/100Rank 16 of 26inDefense & Aerospace
Intraday session: down, 16 prints from 27.28 to 27.02. Range 26.90 to 27.27. Use the arrow keys to read each point.26.9027.1027.2010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$4M
1Y total return
—
Yield · Last 12 months
—
Holdings
52
Avg volume · 30D
0M sh
NAV per share
$27.24
52W range
low $23.20high $29.37
Launched

The ETF.net DUTY Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Defense & Aerospace⁠
Rank
16 of 26
Six-pillar profile for DUTY. Scores out of 100: Cost 66, Risk 74, Mission not scored, Tradability 41, Holdings 61, Durability 29. Strongest: Risk (74). Weakest: Durability (29). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
59
This cap took
−19
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B66 out of 100
    Rank 8 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 4 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 17 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B61 out of 100
    Rank 9 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D29 out of 100
    Rank 22 of 26

Our read on DUTY

ETF.net Research

CA pure-play on American defense: DUTY tracks the Solactive U.S. Defense Index, US names only, at a fee under the category median. It launched in 2026, making it the young challenger in a field of entrenched aerospace-and-defense blends.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Solactive U.S. Defense Index.

Why people hold it

  1. 01Charges 0.45%, below the median for defense-themed ETFs. That undercuts PPA and SHLD, though the category's two largest, ITA and XAR, still price lower.
  2. 02The name is the mandate. It tracks a defense index rather than an aerospace-and-defense blend, which is how the category's biggest funds (ITA, XAR, PPA) are built.
  3. 03US-only by design, so foreign-listed primes stay out of the basket. Holdings follow a published Solactive index, not a manager's stock picks.

Worth knowing

  1. 01A 2026 launch means a short record: limited evidence on how closely it tracks its index or how it behaves in a drawdown.
  2. 02It hasn't built the asset base or daily volume of long-running rivals like ITA and XAR. Thinner trading tends to mean wider spreads between the price you pay and the fund's value.
  3. 03One theme, one country. The basket moves with defense budgets and contract news, and it has paid no distributions, so this is a price story rather than an income one.

DUTY Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
52
Top-10 weight
58%
Largest holding
PLTR10.1%

Sectors

  • Technology52.9%
  • Industrials47.1%

Geography

  • United States97.64%
  • Israel2.06%
  • Puerto Rico0.19%
  • United Kingdom0.06%
  • China0.05%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PLTRPalantir Technologies Inc10.10%1,843$385K525
002LMTLockheed Martin Corp7.23%539$276K408
003GDGeneral Dynamics Corp7.12%809$271K370
004NOCNorthrop Grumman Corp7.06%555$269K348
005LHXL3Harris Technologies Inc6.91%1,106$264K305
006OKTAOkta Inc4.43%744$169K260
007TDYTeledyne Technologies Inc4.15%258$158K265
008ZSZscaler Inc3.86%652$147K223
009RKLBRocket Lab Corp3.70%2,146$141K238
010CRWDCrowdstrike Holdings Inc3.56%516$136K472
011FTNTFortinet Inc3.49%690$133K468
012RBRKRubrik Inc3.37%1,070$128K148
013PANWPalo Alto Networks Inc3.22%304$123K501
014LDOSLeidos Holdings Inc3.20%1,003$122K274
015CACICACI International Inc2.85%177$109K149

Showing 1–15 of 52 holdings

DUTY Performance

Launched Apr 8, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
DUTY$10,565
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. DUTY $10,565. SPY $10,332. Use the arrow keys to read each point.$9,525$10,519$11,512Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for DUTY. Periods over one year show the average yearly return.
PeriodDUTY
Year to dateFund launched this year—
1 month+6.3%
3 months+5.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DUTY
YearReturn barDUTY
2026 YTD+9.4%

Since listing, Apr 8, 2026

DUTY in the news

Filtered to DUTY · Defense & Aerospace

DUTY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

DUTY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
3.47
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DUTY Cost

Expense ratio0.45%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

6 of the 25 Defense & Aerospace funds charge less.

DUTY costs $45.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.

Other funds in Defense & Aerospace

See others