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Launched

Xtrackers Europe Defense Technologies ETF

XDEFNasdaqC

$20.35−0.10 (−0.50%)

At close: Oct 13, 2026, 4:00 PM

C40/ 100

Rank 16 of 26 in Defense & Aerospace

C40/100Rank 16 of 26inDefense & Aerospace
Intraday session: down, 12 prints from 20.46 to 20.35. Range 20.33 to 20.54. Use the arrow keys to read each point.20.4020.5020.5510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$4M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
35
Avg volume · 30D
0M sh
NAV per share
$20.14
52W range
low $20.00high $2905.00
Launched

The ETF.net XDEF Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Defense & Aerospace⁠
Rank
16 of 26
Six-pillar profile for XDEF. Scores out of 100: Cost 92, Risk 28, Mission not scored, Tradability 6, Holdings 28, Durability 43. Strongest: Cost (92). Weakest: Tradability (6). 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
50
This cap took
−10
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A92 out of 100
    Rank 1 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.
    D28 out of 100
    Rank 22 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F6 out of 100
    Rank 26 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 23 of 26

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 18 of 26

Our read on XDEF

ETF.net Research

CEurope is rearming, and XDEF is a US-listed way to own that build-out: roughly 40 European defense, space and cybersecurity names, screened on revenue and patents, at a below-average thematic fee.

Stated mandate

The fund seeks to track, before fees and expenses, the STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index through a passive indexing approach.

Why people hold it

  1. 01Costs 0.35% a year, under the 0.50% typical for defense thematics and level with the cheapest large US aerospace-and-defense funds (XAR).
  2. 02The index takes companies with real theme revenue or strong patent portfolios, so satellite builders and cyber software sit beside traditional arms suppliers.stoxx.comstoxx.com
  3. 03Straight Europe exposure. The heavyweights of the category (ITA, XAR, PPA) are built on American contractors, so this covers the other side of the map.sec.gov

Worth knowing

  1. 01Launched in 2026 and thinly traded off a small asset base, which can mean wider spreads than the long-established defense funds.
  2. 02One theme, roughly 40 stocks. The prospectus flags geographic focus and single-industry concentration among the fund's risks.sec.gov
  3. 03Holdings trade in European currencies, and the prospectus lists exchange-rate moves as a risk to what US shareholders receive.sec.govetf.dws.com

XDEF Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
35
Top-10 weight
63%
Largest holding
RR.L8.1%

Geography

  • United Kingdom30.27%
  • Germany19.63%
  • France17.52%
  • Netherlands7.96%
  • Sweden5.45%
  • Italy5.13%
  • Norway5.07%
  • Spain4.32%
  • Other countries (6)4.65%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RR.LRolls-Royce Holdings PLC8.14%17,903$328K147
002SAF.PASafran SA8.13%925$327K155
003BA.LBAE Systems PLC8.13%13,306$327K134
004AIR.PAAirbus SE7.94%1,521$320K133
005RHM.DERheinmetall Ag7.65%293$308K124
006SAAB-B.STSaab AB4.85%3,259$195K78
007MTX.DEMTU Aero Engines AG4.80%495$193K108
008MRO.LMelrose Industries PLC4.66%31,895$188K81
009KOG.OLKongsberg Gruppen Asa Nok 1.254.59%5,988$185K103
010HO.PAThales SA4.51%744$182K122
011LDO.MILeonardo SpA4.36%3,350$176K110
012IDR.MCIndra Sistemas SA4.31%2,590$174K94
013BAB.LBabcock International Group PLC3.91%13,039$157K58
014AM.PADassault Aviation SA3.53%451$142K80
015HAG.DEHelsoldt AG3.29%1,551$132K78

Showing 1–15 of 35 holdings

XDEF Performance

Launched Feb 19, 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.
XDEF$9,579
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. XDEF $9,579. SPY $10,332. Use the arrow keys to read each point.$9,294$10,527$11,760Jul 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 XDEF. Periods over one year show the average yearly return.
PeriodXDEF
Year to dateFund launched this year—
1 month−5.9%
3 months−4.2%
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 XDEF
YearReturn barXDEF
2026 YTD−17.0%

Since listing, Feb 19, 2026

XDEF in the news

Filtered to XDEF · Defense & Aerospace

XDEF Dividends

Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 18, 2026 $0.32; Sep 18, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 25, 2026$0.03
Jun 18, 2026Jun 26, 2026$0.32

XDEF Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 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 Feb 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 Feb 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.
0.58
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.

XDEF Cost

Expense ratio0.35%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

No Defense & Aerospace fund charges less.

XDEF costs $35.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.

Other funds in Defense & Aerospace

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