Compare DFEN vs. ICBM ETF performance
Comparing 2 ETFs | Performance (December 12, 2025 - March 12, 2026) |
DFEN ICBM |
Comparison analysis VanEck Defense UCITS ETF (STUB:DFEN) and First Trust Indxx Global Aerospace & Defence UCITS ETF (ICBM) belong to the World Industrials industry segment. Both funds use a Direct (Physical) replication method to follow their index and a replication model of Full replication. Industrials, Information Technology and Unavailable are STUB:DFEN’s top sector exposures, while ICBM invests in Industrials and Unavailable as its top 3. STUB:DFEN’s top underlying securities are RAYTHEON TECHNOLOGIES CORPORD (7.69%), THALES (7.62%) and HANWHA AEROSPACE (7.10%). ICBM’s top underlying securities are LOCKHEED MARTIN (5.21%), NORTHROP GRUMMAN (4.99%) and RAYTHEON TECHNOLOGIES CORPORD (4.76%). With a Total Expense Ratio (TER) of 0.55%, STUB:DFEN is cheaper than ICBM, with 0.65%. STUB:DFEN has a 3M average daily volume (ADV) of +$47M vs. $0 for ICBM. The table below shows the full side-by-side ETF comparison of STUB:DFEN and ICBM, with detailed data on performance, flows, liquidity, exposure to individual stocks, segments, sectors, and geographies, helping you select the best ETFs. |
DFEN VanEck Defense UCITS ETF - USDThis ETF provides exposure to Large and Mid-Cap Aerospace & Defense Equities ISIN IE000YYE6WK5 | ICBM First Trust Indxx Global Aerospace & Defence UCITS ETF - Acc - USDThis ETF provides exposure to Aerospace & Defense Equities ISIN IE000NVDQXE1 |
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Product Type | Passive ETF | Passive ETF | ||
Strategy | Long only | Long only | ||
NAV | $71.95 | $35.84 | ||
AuM | - | - | ||
E/R | 0.55% | 0.65% | ||
Rating | Not rated | Not rated | ||
Provider | ||||
Investment strategy | The Fund’s investment objective is to replicate the price and the performance, before fees and expenses, of an index that provides exposure to entities involved in serving national defense industries.
| The Fund is a passively managed index-tracking fund that seeks to provide investors with investment results that correspond generally to the price and yield of the Indxx Global Advanced Aerospace & Defence Index (the “Index”), before fees and expenses. The Index consists of companies that are involved in the Aerospace and Defence sector. To be included in the Index companies must have their primary business activities involved in the following sub-themes: Advanced Aerospace and Defence (Hypersonic, Directed Energy, Space Technologies, Unmanned Aerial Vehicle/Advanced Air Mobility, Autonomous, Cybersecurity and C5ISR Systems) and Traditional Aerospace & Defence. | ||
Dividend policy | Capitalization | Capitalization | ||
Tax optimisation | ||||
PEA | ||||
UK Reporting | ||||
Performance and flows | Perf. Flows | Perf. Flows | ||
1 month | +8.28% To view, create a free account | +0.93% To view, create a free account | ||
3 months | +18.84% | +14.70% | ||
1 year | +64.33% | +58.59% | ||
3 years | - | - | ||
5 years | - | - | ||
Month to date | +2.75% | -3.31% | ||
Quarter to date | +18.09% | +11.68% | ||
Year to date | +18.09% | +11.68% | ||
Volatility and risk | 1 year 3 years 5 years | 1 year 3 years 5 years | ||
Volatility | To view, create a free account | To view, create a free account | ||
Perf./Volatility | ||||
Max drawdown | ||||
Create a free Trackinsight Essentials account to unlock insights Access exclusive metrics and features to support your investment decisions. | ||||
Exposure | ||||
Countries | ||||
Sectors or issuer types | ||||
Number of holdings | 36 | 49 | ||
Weight of top 15 holdings | ||||
Top 15 holdings | RAYTHEON TECHNOLOGIES CORPORD THALES HANWHA AEROSPACE LEONARDO SPA SE0021921269 PALANTIR TECHNOLOGIES CURTISS WRIGHT LEIDOS HOLDINGS INC ELBIT SYSTEMS US4859241048 KRATOS DEFENSE AND SECURITY SOLS SINGAPORE TECHNOLOGIES ENGINEERI HUNTINGTON INGALLS INDUSTRIES HYUNDAI-ROTEM CACI INTERNATIONAL To view, create a free account | LOCKHEED MARTIN NORTHROP GRUMMAN RAYTHEON TECHNOLOGIES CORPORD TRANSDIGM GROUP L3 HARRIS TECHNOLOGIES BOEING U GENERAL DYNAMICS BAE SYSTEMS SAFRAN RHEINMETALL ROLLS-ROYCE HOLDINGS GENERAL ELECTRIC HOWMET AEROSPACE INC AIRBUS SE US7731211089 To view, create a free account | ||
Replication | ||||
Benchmark | ||||
Replication method | ||||
Replication model | ||||
Trackinsight replication rating | Not rated | Not rated | ||
Tracking error (1Y) | ||||
Tracking difference (1Y) | ||||
Sustainability | ||||
ESG Consensus® |  | | ||
SDG |
Frequently asked questions about STUB:DFEN and ICBM
How did DFEN and ICBM perform in 2026?
As of 3/12/2026, DFEN has delivered a year-to-date performance of 18.09%, while ICBM has returned 11.68%.
Which ETF is seeing higher flows: DFEN or ICBM?
As of 3/12/2026, DFEN has recorded +€696M in net flows YTD, compared to +€18M for ICBM since the beginning of the year.
Which ETF shows higher volatility: DFEN or ICBM?
As of 3/12/2026, DFEN reported a 1-year volatility of 23.19%, whereas ICBM registered volatility 18.65% over the same period.
How do DFEN and ICBM differ in sector exposure?
As of 3/12/2026, DFEN is primarily exposed to sectors such as Industrials, weight 78.03% and Information Technology, weight 8.61%. The top sectors in ICBM feature Industrials, weight 88.63%.
How do DFEN and ICBM differ in geographic exposure?
As of 3/12/2026, DFEN has its largest country exposures in USA, weight 48.92%, Republic of Korea, weight 12.64% and France, weight 9.39%. The top countries in ICBM feature USA, weight 58.29%, United Kingdom, weight 9.75% and France, weight 7.33%.
How do DFEN and ICBM differ in terms of holdings?
As of 3/12/2026, DFEN include RAYTHEON TECHNOLOGIES CORPORD, weight 7.69%, THALES, weight 7.62% and HANWHA AEROSPACE, weight 7.10%. The top positions in ICBM feature LOCKHEED MARTIN, weight 5.21%, NORTHROP GRUMMAN, weight 4.99% and RAYTHEON TECHNOLOGIES CORPORD, weight 4.76%.
Is DFEN or ICBM more diversified?
As of 3/12/2026, DFEN holds 36 securities, with 73.58% of its assets allocated to its top 15 positions. ICBM, by comparison, includes 49 holdings and has 66.05% concentrated in its top 15.
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