VanEck
DFEN.DE
IE000YYE6WK5
VanEck Defense UCITS ETF
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About this ETF

The VanEck Defense UCITS ETF A seeks to track the MarketVector Global Defense Industry index. The MarketVector Global Defense Industry index tracks the performance of companies worldwide that are engaged in the military or defense industry.

TER
0.55%

Total Expense Ratio per year

Fund Size
€6.16B

Assets under management

Holdings
43

Underlying equities

Dividend Yield
-

Accumulating

Fundamentals & Estimates

Weighted valuation multiples and analyst forecasts

Valuation Multiples
Weighted P/E
31.33
Weighted Fwd P/E
23.01
💰 Revenue Estimates
Current Year CY
+22.45% ⌀ 15 Analysts Coverage
Next Year NY
+17.73% ⌀ 15 Analysts Coverage
📈 EPS Estimates (Earnings Per Share)
Current Year CY
+31.14% ⌀ 15 Analysts Coverage
Next Year NY
+25.89% ⌀ 15 Analysts Coverage

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ETF Profile
Provider
VanEck
VanEck
Fund Type
ETF
Inception Date
03/31/2023 (3 yrs)
Region
World
Country
-
Strategy
-
Theme
Defense
Distribution Policy
Accumulating
Replication
Full replication
Sustainable
No

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

6/7 High
21/100 Low (Concentration Risk)
Diversification Score
21/100 Low (Concentration Risk)
3Y Volatility
22.5% p.a.
Max Drawdown (3Y)
-23.4%
Sharpe Ratio (3Y)
1.27
Notes & Warnings
Fund Volume (AUM) 🟢 Established large fund (> 500M € AUM)
⚠️ Elevated valuation: Avg P/E of 31.3
🟡 Moderate analyst coverage (14.6 analysts)
🔴 Extreme top 10 holdings concentration: 60% of fund in top 10 positions.
🔴 Severe sector concentration risk: 80% in "Industrials".
🔴 Extreme industry concentration: 73% in "Aerospace & Defense".
🔴 Dominant Cyclicality: 79% in cyclical industries – higher drawdown risk in recessions.
⚠️ Elevated Regulatory & Policy Risk: 75% in heavily regulated industries (defense, regulated utilities, healthcare policy).
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