IE000YYE6WK5
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
Related ETFs
ETF Profile
Provider
Fund Type
ETF Type
Passive Inception Date
03/31/2023 (3 yrs)
Index Group
MarketVector Global Defense Region
World Country
-
Sector
Industrials Strategy
-
Theme
Defense Distribution Policy
Accumulating Replication
Full replication Sustainable
No 🛡️ Risk & Structural Analysis
Multi-Factor Risk Model & Market Data
6/7 High
Diversification Score: 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).
