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EUAD

GradeCChicago Board Options Exchange

Select STOXX Europe Aerospace & Defense ETF

Themes · Select Funds · Inception 2024-10-22 · SEC filings

$43.02+0.01 (+0.03%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Oct 22, 2024.
Intraday session: up, 54 prints from 43.00 to 43.02. Range 42.66 to 43.40. Use the arrow keys to read each point.$42.60$42.80$43.20$43.4010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$1.1B
1Y return
−5.4%
Yield · Last 12 months
0.39%
Holdings
23
Volume · 30D
0.4M sh
NAV per share
$43.37
52W range
low $37.62high $48.44

The ETF.net EUAD Grade

C

51/ 100

Rank 10 of 26 in Defense & Aerospace⁠

Confidence Medium

Six-pillar profile for EUAD. Scores out of 100: Cost 52, Risk 32, Mission not scored, Tradability 80, Holdings 28, Durability 67. Strongest: Tradability (80). Weakest: Holdings (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 52
    Category rank12/26 · top 46%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 32
    Category rank19/25 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank6/26 · top 23%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 28
    Category rank23/26 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank7/26 · top 27%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on EUAD

ETF.net Research

CThe defense-ETF aisle is stacked with U.S. primes. EUAD faces the other way: one ticker for an index of Europe's aerospace and defense makers, running since its October 2024 launch.

Stated mandate

The Fund seeks to track, before fees and expenses, the total return of the STOXX Europe Total Market Aerospace & Defense Index.

Why people hold it

  1. 01A clean geographic split from the cohort's leaders: it tracks the STOXX Europe Total Market Aerospace & Defense Index, while ITA and XAR sit on U.S. names.
  2. 020.50% a year lands right on the median for defense ETFs, and under PPA's 0.58%, for exposure most of the group doesn't offer.
  3. 03Rules over hunches: a total-market index pulls in Europe's listed aerospace and defense makers instead of a manager's shortlist. It sits in the upper half of its defense peer group.

Worth knowing

  1. 01It opened in October 2024, so the track record is short and the risk read rests on about a year of data.
  2. 02One industry on one continent. A short list of large manufacturers can set the tone for the whole fund.
  3. 03The holdings trade in European currencies, so exchange-rate swings add to or subtract from what a dollar-based investor sees.

EUAD Holdings

As of Sep 20, 2026, 10:16 AM
Asset class
Stocks
Holdings
23
Top-10 weight
95%
Largest holding
RYCEY22.3%

Sectors

  • Industrials99.5%
  • Energy0.5%

Geography

  • United Kingdom37.32%
  • France23.42%
  • Netherlands17.98%
  • Germany13.84%
  • Italy3.79%
  • Sweden3.19%
  • United States0.46%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RYCEYROLLS-ROYCE HOLDINGS-SP ADR22.26%12,042,170$238M17
002SAFRYSAFRAN SA-UNSPON ADR19.33%2,177,785$206M9
003EADSYAIRBUS GROUP SE17.85%3,411,758$191M13
004BAESYBAE SYSTEMS PLC -SPON ADR10.95%1,074,004$117M14
005RNMBYRHEINMETALL AG-UNSP ADR7.32%334,630$78M6
006MTUAYMTU AERO ENGINES-UNSPON ADR4.75%255,761$51M5
007FINMYLeonardo SpA3.76%1,385,018$40M4
008THLLYTHALES SA - UNSP ADR3.68%718,543$39M5
009SAABYSaab AB3.17%1,087,721$34M5
010HAGHYHensoldt AG1.67%2,016,057$18M2
011BCKIYBabcock International Group PL1.52%1,189,532$16M1
012MLSPFMelrose Industries PLC0.83%1,308,800$9M1
013QNTQYQINETIQ GROUP PLC0.79%316,532$8M1
014CMGMYCHEMRING GROUP PLC-UNSP ADR0.52%795,761$5M1
015AMDASSAULT AVIATION SA0.46%14,700$5M197

Showing 1–15 of 23 holdings

EUAD Performance

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

EUAD$9,463
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EUAD $9,463. SPY $11,723. Use the arrow keys to read each point.$8,210$10,117$12,025Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 EUAD. Periods over one year show the average yearly return.
PeriodEUAD
Year to date+2.1%
1 month−6.8%
3 months+2.7%
1 year−5.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 EUAD
YearReturn barEUAD
2026 YTD+2.1%
2025+74.5%
2024−3.6%

Since listing, Oct 22, 2024

EUAD in the news

EUAD 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 Sep 22, 2026.
0.39%Last 12 months
Payout per share
$0.17Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.02; Dec 30, 2025 $0.17. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.17
Dec 30, 2024Dec 31, 2024$0.02

EUAD Risk

How much the fund’s monthly returns vary, scaled to a year.
24.9%
Annualised · 22 months to Aug 2026
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.
1.27
vs 3-month T-bills · 22 months to Aug 2026
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.
−22.0%
23 months · trough May 2026
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.
0.36
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.

EUAD Cost

Expense ratio0.50%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

11 of the 25 Defense & Aerospace funds charge less.

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