Defense ETFs: Which is the best?

How to invest in aerospace and defense using ETFs

0.15% p.a. - 0.75% p.a.
annual total expense ratio (TER) of defense ETFs
on aerospace and defense, which are tracked by ETFs
on aerospace and defense
 
The best indices for defense ETFs

Which ETFs focus on military and defense stocks?

The military and defense industry is a controversial topic. But even though stocks from the armaments sector are a no-go investment for many for understandable moral reasons, the industry flourishes especially in troubled times. This is because the customers of the arms companies are almost exclusively states, which usually have large budgets. In addition, the technologies of the aerospace, military and defense companies are often also used in civil aviation and space travel after their introduction.

Companies that are listed on the stock exchange and active in the military and defense industry can be combined into an equity index and made investable via an ETF.

In this investment guide you will find all ETFs that track companies from the military and defence industry.
 

MarketVector Global Defense Industry performance

1 month: -6.22%
1 year: 2.96%
3 years: 141.88%
 

Aerospace and defense ETFs in comparison

The most important factors at a glance

When choosing a defense ETF one should consider several other factors in addition to the methodology of the underlying index and performance of an ETF. For better comparison, you will find a list of all defense ETFs with details on size, cost, age, income, domicile and replication method ranked by fund size.

Compare all defense ETFs in detail
Compare all defense ETFs in a chart

ETF name
ISIN
  Fund size
in m EUR
TER
in %
Use of profits Fund domicile Replication method
VanEck Defense UCITS ETF AIE000YYE6WK5 6,112 0.55% p.a. Accumulating Ireland Full replication
WisdomTree Europe Defence UCITS ETF EUR Unhedged AccIE0002Y8CX98 4,311 0.40% p.a. Accumulating Ireland Full replication
HANetf Future of Defence UCITS ETFIE000OJ5TQP4 2,748 0.49% p.a. Accumulating Ireland Full replication
iShares Global Aerospace & Defence UCITS ETF USD (Acc)IE000U9ODG19 1,587 0.35% p.a. Accumulating Ireland Full replication
Amundi Stoxx Europe Defense UCITS ETF AccLU3038520774 565 0.35% p.a. Accumulating Luxembourg Full replication
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF AccLU3047998896 533 0.35% p.a. Accumulating Luxembourg Full replication
iShares U.S. Aerospace & Defence UCITS ETF USD (Acc)IE000IR2DEM6 458 0.38% p.a. Accumulating Ireland Full replication
Global X Defence Tech UCITS ETF USD AccumulatingIE000JCW3DZ3 447 0.50% p.a. Accumulating Ireland Full replication
iShares Europe Defence UCITS ETF EUR (Acc)IE000IAXNM41 347 0.35% p.a. Accumulating Ireland Full replication
Deka Europe Defense UCITS ETF DE000ETFL664 232 0.40% p.a. Accumulating Germany Full replication
HANetf Future of European Defence Screened UCITS ETF AccIE000I7E6HL0 155 0.39% p.a. Accumulating Ireland Full replication
Invesco Defence Innovation UCITS ETF IE000BRM9046 132 0.35% p.a. Accumulating Ireland Full replication
First Trust Indxx Global Aerospace & Defence UCITS ETF Class A USD ACCIE000NVDQXE1 131 0.65% p.a. Accumulating Ireland Full replication
ARK Space & Defence Innovation UCITS ETF USD (Acc)IE000AON7ET1 39 0.75% p.a. Accumulating Ireland Full replication
Xtrackers Europe Defence Technologies UCITS ETF 1CLU3061478973 39 0.15% p.a. Accumulating Luxembourg Full replication
HANetf Drone UCITS ETF AccIE0003XW12I8 33 0.69% p.a. Accumulating Ireland Full replication
State Street SPDR S&P Europe Defense Vision UCITS ETF EUR Unhedged (Acc)IE0008GRJRO8 25 0.20% p.a. Accumulating Ireland Full replication
Global X Europe Focused Defence Tech UCITS ETF EUR AccumulatingIE000WRQ9RR1 20 0.40% p.a. Accumulating Ireland Full replication
HANetf Future of Defence Indo-Pac ex-China UCITS ETF AccumulatingIE000C7EUDG1 19 0.59% p.a. Accumulating Ireland Full replication
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF DistLU3047998979 10 0.35% p.a. Distributing Luxembourg Full replication
Future of US Defence UCITS ETF AccIE000KDY10O3 8 0.65% p.a. Accumulating Ireland Full replication
HANetf Future of Defence Screened UCITS ETF (Acc)IE00041H4WT9 6 0.49% p.a. Accumulating Ireland Full replication
WisdomTree Asia Defence UCITS ETF USD Unhedged AccIE000017NMH7 3 0.50% p.a. Accumulating Ireland Full replication
WisdomTree Global Defence UCITS ETF USD AccIE000KLC2EN9 1 0.40% p.a. Accumulating Ireland Full replication

Source: justETF.com; As of 16.07.26

 

Return comparison of all aerospace and defense ETFs

The table shows the returns of all defense ETFs in comparison. All return figures are including dividends as of month end. Besides the return the reference date on which you conduct the comparison is important. In order to find the best ETFs, you can also perform a chart comparison.

ETF   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Invesco Defence Innovation UCITS ETF -9.08% 20.08% 29.35% 54.01% -
iShares Global Aerospace & Defence UCITS ETF USD (Acc) 1.53% 9.69% 10.68% 21.47% -
First Trust Indxx Global Aerospace & Defence UCITS ETF Class A USD ACC -3.03% 4.83% 8.39% 20.23% -
HANetf Future of Defence UCITS ETF -3.97% 10.44% 12.95% 15.35% -
VanEck Defense UCITS ETF A -11.86% -9.67% -3.11% 4.73% 141.55%
Global X Defence Tech UCITS ETF USD Accumulating -9.45% -13.02% -5.38% 3.97% -
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Acc -4.20% 1.13% 0.75% -0.46% -
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Dist -4.20% 1.13% 0.75% -0.46% -
Amundi Stoxx Europe Defense UCITS ETF Acc -4.25% 0.18% 0.00% -1.23% -
HANetf Future of European Defence Screened UCITS ETF Acc -7.21% -2.90% 2.07% -1.88% -
iShares Europe Defence UCITS ETF EUR (Acc) -8.21% -5.63% 0.20% -3.08% -
WisdomTree Europe Defence UCITS ETF EUR Unhedged Acc -7.90% -4.70% -0.60% -4.08% -
State Street SPDR S&P Europe Defense Vision UCITS ETF EUR Unhedged (Acc) -8.07% -5.90% -2.25% -4.49% -
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating -15.02% -13.99% -7.89% -10.11% -
Future of US Defence UCITS ETF Acc -15.86% 10.67% -17.32% -20.32% 14.18%
ARK Space & Defence Innovation UCITS ETF USD (Acc) -5.46% 26.13% 23.95% - -
Deka Europe Defense UCITS ETF -3.35% 1.51% 0.57% - -
HANetf Drone UCITS ETF Acc -24.42% -0.18% - - -
HANetf Future of Defence Indo-Pac ex-China UCITS ETF Accumulating -7.93% -3.11% 11.38% - -
HANetf Future of Defence Screened UCITS ETF (Acc) -4.23% 18.27% 14.72% - -
iShares U.S. Aerospace & Defence UCITS ETF USD (Acc) 5.15% - - - -
WisdomTree Asia Defence UCITS ETF USD Unhedged Acc -8.48% -3.90% - - -
WisdomTree Global Defence UCITS ETF USD Acc -8.54% -0.44% - - -
Xtrackers Europe Defence Technologies UCITS ETF 1C -4.90% 0.28% 0.45% - -
ETF   2026
in %
2025
in %
2024
in %
2023
in %
2022
in %
Invesco Defence Innovation UCITS ETF 29.35% 38.28% - - -
ARK Space & Defence Innovation UCITS ETF USD (Acc) 21.55% - - - -
HANetf Future of Defence Screened UCITS ETF (Acc) 14.35% - - - -
HANetf Future of Defence UCITS ETF 12.88% 37.26% 40.79% - -
HANetf Future of Defence Indo-Pac ex-China UCITS ETF Accumulating 11.20% - - - -
iShares Global Aerospace & Defence UCITS ETF USD (Acc) 10.40% 36.57% - - -
First Trust Indxx Global Aerospace & Defence UCITS ETF Class A USD ACC 8.43% 45.27% - - -
HANetf Future of European Defence Screened UCITS ETF Acc 2.85% - - - -
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Acc 1.13% - - - -
BNP Paribas Easy Bloomberg Europe Defense UCITS ETF Dist 1.13% - - - -
Xtrackers Europe Defence Technologies UCITS ETF 1C 0.80% - - - -
Deka Europe Defense UCITS ETF 0.71% - - - -
iShares Europe Defence UCITS ETF EUR (Acc) 0.60% - - - -
Amundi Stoxx Europe Defense UCITS ETF Acc 0.36% - - - -
WisdomTree Europe Defence UCITS ETF EUR Unhedged Acc -0.13% - - - -
State Street SPDR S&P Europe Defense Vision UCITS ETF EUR Unhedged (Acc) -1.85% - - - -
VanEck Defense UCITS ETF A -3.44% 49.25% 52.70% - -
Global X Defence Tech UCITS ETF USD Accumulating -5.57% 57.33% - - -
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating -7.89% - - - -
Future of US Defence UCITS ETF Acc -17.17% -8.89% 29.82% 59.27% -
HANetf Drone UCITS ETF Acc - - - - -
iShares U.S. Aerospace & Defence UCITS ETF USD (Acc) - - - - -
WisdomTree Asia Defence UCITS ETF USD Unhedged Acc - - - - -
WisdomTree Global Defence UCITS ETF USD Acc - - - - -

Source: justETF.com; As of 30.06.26; Calculations in EUR including dividends