Global X
EDEF
IE000WRQ9RR1
Europe Focused Defence Tech UCITS ETF
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About this ETF

The Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating seeks to track the Mirae Asset Europe Defence Tech index. The Mirae Asset Defence Tech index tracks companies worldwide that are active in the field of military and defense technology. The focus is on companies that generate a significant share of their revenue in Europe.

TER
0.4%

Total Expense Ratio per year

Fund Size
€21.09M

Assets under management

Holdings
25

Underlying equities

Dividend Yield
0%

Accumulating

Fundamentals & Estimates

Weighted valuation multiples and analyst forecasts

Valuation Multiples
Weighted P/E
33
Weighted Fwd P/E
26.75
💰 Revenue Estimates
Current Year CY
+17.65% ⌀ 14 Analysts Coverage
Next Year NY
+21.91% ⌀ 14 Analysts Coverage
📈 EPS Estimates (Earnings Per Share)
Current Year CY
+25.3% ⌀ 13 Analysts Coverage
Next Year NY
+35.46% ⌀ 14 Analysts Coverage

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ETF Profile
Provider
Global X
Global X
Fund Type
ETF
Inception Date
05/20/2025 (1 yr)
Region
World
Country
-
Strategy
-
Theme
Defense
Distribution Policy
Accumulating
Replication
Full replication
Sustainable
No

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

7/7 Very High
4/100 Low (Concentration Risk)
Diversification Score
4/100 Low (Concentration Risk)
3Y Volatility
-
Max Drawdown (3Y)
-
Sharpe Ratio (3Y)
-
Beta Factor
0.00
Notes & Warnings
Fund Volume (AUM) ⚠️ Fund closure risk (< 50M € AUM)
⚠️ Elevated valuation: Avg P/E of 33.0
⚠️ Fund closure risk (< 50M € AUM)
🟡 Moderate analyst coverage (13.1 analysts)
🔴 Extreme top 10 holdings concentration: 80% of fund in top 10 positions.
🔴 Severe sector concentration risk: 96% in "Industrials".
🔴 Extreme industry concentration: 91% in "Aerospace & Defense".
🔴 Dominant Cyclicality: 96% in cyclical industries – higher drawdown risk in recessions.
⚠️ Elevated Regulatory & Policy Risk: 92% in heavily regulated industries (defense, regulated utilities, healthcare policy).
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