---
ticker: "XDEF"
name: "Xtrackers Europe Defense Technologies ETF"
url: "https://etf.net/etf/XDEF"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "Defense & Aerospace"
category_rank: "16 of 26"
methodology: "https://etf.net/methodology"
---

# XDEF: Xtrackers Europe Defense Technologies ETF

Grade **C**, Score 40 of 100. Rank 16 of 26 in Defense & Aerospace.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 92 | 1 of 26 |
| Mission | Not scored | — |
| Risk | 28 | 22 of 26 |
| Tradability | 6 | 26 of 26 |
| Holdings | 28 | 23 of 26 |
| Durability | 43 | 18 of 26 |

## Top holdings

The fund holds 35 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | RR.L | Rolls-Royce Holdings PLC | 8.14% |
| 2 | SAF.PA | Safran SA | 8.13% |
| 3 | BA.L | BAE Systems PLC | 8.13% |
| 4 | AIR.PA | Airbus SE | 7.94% |
| 5 | RHM.DE | Rheinmetall Ag | 7.65% |
| 6 | SAAB-B.ST | Saab AB | 4.85% |
| 7 | MTX.DE | MTU Aero Engines AG | 4.80% |
| 8 | MRO.L | Melrose Industries PLC | 4.66% |
| 9 | KOG.OL | Kongsberg Gruppen Asa Nok 1.25 | 4.59% |
| 10 | HO.PA | Thales SA | 4.51% |
| 11 | LDO.MI | Leonardo SpA | 4.36% |
| 12 | IDR.MC | Indra Sistemas SA | 4.31% |
| 13 | BAB.L | Babcock International Group PLC | 3.91% |
| 14 | AM.PA | Dassault Aviation SA | 3.53% |
| 15 | HAG.DE | Helsoldt AG | 3.29% |
| 16 | R3NK.DE | Renk Group AG | 2.20% |
| 17 | SRP.L | Serco Group PLC | 2.16% |
| 18 | QQ.L | Qinetiq Group PLC | 1.71% |
| 19 | CSG.AS | Csg N.v. | 1.52% |
| 20 | TKMS.DE | Tkms AG& Co Kgaa | 1.33% |
| 21 | CHG.L | Chemring Group PLC | 1.18% |
| 22 | FII.PA | Lisi | 0.96% |
| 23 | SESG.PA | Ses SA | 0.94% |
| 24 | BITTI.HE | Bittium Oyj Npv | 0.87% |
| 25 | AVIO.MI | Avio Spa Npv | 0.76% |
| 26 | AERO.SW | Montana Aerospace AG CHF 1.0 144A | 0.62% |
| 27 | NORBT.OL | Norbit ASA | 0.47% |
| 28 | ACQ-SPAC.ST | Yubico AB | 0.40% |
| 29 | CRI.WA | Creotech Instruments SA PLN 0.1 | 0.39% |
| 30 | ETL.PA | Eutelsat Communications SA | 0.34% |

Source: etf.net, https://etf.net/etf/XDEF. Please cite the page URL.