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EUAD vs FLDZ

Select STOXX Europe Aerospace & Defense ETF

EUADCCboe

TrueShares Patriot Defense ETF

FLDZBCboe

Overlap

14.2%by weight

Expense ratio

FLDZ −0.10pt a year

EUAD0.50%FLDZ0.40%

Avg volume · 30D

EUAD 1334.4×the volume

EUAD167KFLDZ125

EUAD vs FLDZ Performance

Oct 31, 2025 – Nov 2, 2026

−9.6%EUAD−6.8%FLDZ

Oct 31, 2025 to Nov 2, 2026. EUAD −9.6%. FLDZ −6.8%. Use the arrow keys to read each point.0%10%20%Oct 2025May 2026Nov 2026
Expense ratio
EUAD 0.50%
FLDZ 0.40%, better
Fund size
EUAD $927M
FLDZ $7M
1Y total return
EUAD −9.6%
FLDZ −6.8%, better
Yield (12M)
EUAD 0.42%
FLDZ 1.67%, better
Holdings
EUAD 15
FLDZ 66
Avg volume (30D)
EUAD 167K sh, better
FLDZ 125 sh
NAV per share
EUAD $39.41
FLDZ $26.38
52W range

ETF.net Grade

EUAD: Cost 52, Risk 34, Mission not scored, Tradability 64, Holdings 28, Durability 67. FLDZ: Cost 76, Risk 42, Mission 42, Tradability 36, Holdings 92, Durability 62.
Pillar letters and Scores for EUAD, FLDZ, with each pillar’s weight
PillarEUADFLDZ
Cost30% weightC52A76Higher
Mission25% weightNot scoredC42
Risk15% weightD34C42Higher
Tradability15% weightB64HigherD36
Holdings10% weightD28A92Higher
Durability5% weightB67HigherB62

Rank among Defense & Aerospace funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EUAD and FLDZ are both graded against the same 25 Defense & Aerospace funds, so their Grades compare head to head.

Defense & Aerospace⁠

Category · 25 funds
See all 25 ›

FLDZ ranks 3rd and EUAD 11th of 25 funds in the Defense & Aerospace Category.

  1. Rank 1AXARState Street SPDR S&P Aerospace & Defense ETFScore 78
  2. Rank 2AITAiShares U.S. Aerospace & Defense ETFScore 74
  3. Rank 3BFLDZTrueShares Patriot Defense ETFScore 62
  4. Rank 4BFOWFPacer Solactive Whitney Future of Warfare ETFScore 61
  5. Rank 10CWDEFWisdomTree Europe Defense FundScore 50
  6. Rank 11CEUADSelect STOXX Europe Aerospace & Defense ETFScore 48
  7. Rank 12CTSSDTruth Social American Security & Defense ETFScore 44

Our read on each fund

ETF.net Research

EUADCSelect STOXX Europe Aerospace & Defense ETF

FLDZBTrueShares Patriot Defense ETF

In short

EUAD The 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.

FLDZ A defense-stock ETF with an unusual arrangement: the adviser's management fee, less fund expenses, goes to the Folds of Honor Foundation. Launched in 2021 as a patriot-themed core equity fund, it now runs an active, concentrated book of aerospace and defense names.

Stated mandate

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

FLDZ The Fund seeks capital growth.

Why people hold it

  • EUAD A 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.
  • 0.50% 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.
  • Rules 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.
  • FLDZ The adviser's management fee, less fund operating expenses, goes to Folds of Honor, a charity funding scholarships for families of fallen or disabled service members and first responders.true-shares.comtrue-shares.com 2
  • Charges 0.40% a year, below the median for its actively managed US stock peers. The charitable angle does not arrive with a premium price tag attached.
  • The mandate is spelled out: at least 80% of net assets in aerospace and defense companies as classified by GICS, with a policy of concentrating in that industry. No guessing what you own.sec.gov

Worth knowing

  • EUAD It opened in October 2024, so the track record is short and the risk read rests on about a year of data.
  • One industry on one continent. A short list of large manufacturers can set the tone for the whole fund.
  • The holdings trade in European currencies, so exchange-rate swings add to or subtract from what a dollar-based investor sees.
  • FLDZ The strategy was rewritten in 2026 from broad US-economy equities to defense companies, so the fund's older track record reflects a different portfolio.sec.govsec.gov 2
  • Non-diversified and concentrated in one industry, so a single contract award or budget headline moves it more than it would a broad market fund.sec.gov
  • A small fund that trades thinly, so bid-ask spreads tend to run wider than on heavily traded ETFs. Limit orders matter more here.

Full EUAD profile⁠

Full FLDZ profile⁠

EUAD vs FLDZ Holdings

How EUAD and FLDZ differ

Overlap by weight

14.2%

Shared holdings make up 94.2% of EUAD and 14.2% of FLDZ.

Level by level

  • Holdings9 in both14.2%
  • Countryby domicile16.0%
  • Sector5 Sectors94.3%
  • Asset classEquity100%

Sector

Sector weights in EUAD and FLDZ, widest gap first
SectorMore in EUADMore in FLDZ
IndustrialsEUAD +5.1 points
TechnologyFLDZ +3.3 points
MaterialsFLDZ +1.2 points
CommunicationFLDZ +1.2 points
EnergyEUAD +0.6 points

Country, concentration and asset class

Country by domicile

Country weights in EUAD and FLDZ, widest gap first
CountryMore in EUADMore in FLDZ
United StatesFLDZ +84.0 points
GermanyEUAD +28.1 points
United KingdomEUAD +15.2 points
NetherlandsEUAD +13.0 points
SwedenEUAD +10.7 points
ItalyEUAD +10.0 points
FranceEUAD +7.1 points

Outside the US: EUAD 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

  • EUAD96.2%
  • FLDZ18.7%

Securities held

  • EUAD15
  • FLDZ66

Asset class

EUAD
Equity
FLDZ
Equity

Holdings

  • Only in EUAD6
  • In both9
  • Only in FLDZ57

Only in EUAD

6 securities, 5.8% of EUAD by weight

  • Hensoldt AG1.96%
  • Babcock International Group PL1.67%
  • Qinetiq Group PLC0.93%

Only in FLDZ

57 securities, 85.8% of FLDZ by weight

  • Karman Holdings Inc2.01%
  • Lockheed Martin Corp1.99%
  • Huntington Ingalls Industries1.93%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in EUAD and FLDZ, widest gap first
HoldingMore in EUADMore in FLDZ
Rolls-Royce Holdings-Sp AdrRYCEYEUAD +19.79 points
Airbus Group SEEADSYEUAD +17.10 points
Safran Sa-Unspon AdrSAFRYEUAD +16.42 points
Bae Systems PLC -Spon AdrBAESYEUAD +10.43 points
Rheinmetall Ag-Unsp AdrRNMBYEUAD +6.27 points
Mtu Aero Engines-Unspon AdrMTUAYEUAD +3.32 points
Leonardo SpAFINMYEUAD +2.41 points
Thales SA - Unsp AdrTHLLYEUAD +2.24 points

All 15 EUAD holdings⁠All 66 FLDZ holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EUAD vs FLDZ Cost

Overpaying EUAD vs FLDZ

$1,889

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EUAD 0.50%

    $9,979

  • FLDZ 0.40%

    $8,090

$10,000
30 years

Cost over time

  • EUAD 0.50%
  • FLDZ 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530EUAD $9,979FLDZ $8,090

Year by year

YearEUADFLDZOverpaying
10$900$723$177
20$3,460$2,793$667
30$9,979$8,090$1,889

Expense ratio

  • 0.50%EUAD
  • 0.40%FLDZ, cheaper
  • Middle half of Defense & Aerospace funds
  • Median 0.50%

FLDZ 6th cheapest of 25 funds

EUAD 12th cheapest of 25 funds

EUAD vs FLDZ Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EUAD 0.42%
FLDZ 1.67%, better
Payout (12M)
EUAD $0.17
FLDZ $0.45
Last payment
EUAD $0.17
FLDZ $0.45
Ex-dividend
EUAD Dec 30, 2025
FLDZ Dec 24, 2025
Paid on
EUAD Dec 31, 2025
FLDZ Dec 26, 2025
Frequency
EUAD Irregular
FLDZ Annual

Distribution history

Per share, 2022 to 2026, same scale for both

EUADIrregular · 2 paymentsAll EUAD payments⁠
One bar per payment. 2 payments from 2022 to 2026 YTD. Dec 30, 2024 $0.02; Dec 30, 2025 $0.17. Use the arrow keys to read each point.$0$0.5020232026YTD
FLDZAnnual · 4 paymentsAll FLDZ payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.33; Dec 27, 2023 $0.33; Dec 27, 2024 $0.32; Dec 24, 2025 $0.45. Use the arrow keys to read each point.$0$0.5020232026YTD

EUAD vs FLDZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EUAD 25.2%since Nov 2024FLDZ 14.5%
Return per unit of riskSharpe ratio, 3 years
EUAD 0.91since Nov 2024FLDZ 0.35
Worst fallMax drawdown, 5 years
EUAD −22.0%since Oct 2024FLDZ −25.1%since Jan 2022
Market sensitivityBeta, 5 years
EUAD 0.36FLDZ 0.77

EUAD and FLDZ in the news

All news⁠

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