iShares Europe Defence UCITS ETF

iShares Europe Defence UCITS ETF

About

iShares Europe Defence UCITS ETF (IE000IAXNM41) is a UCITS-compliant equity ETF tracking the STOXX Europe Targeted Defence Index. With a TER of 0.35%, it is moderately priced, reinvesting dividends. The fund holds 38 positions across 9 regions with 373M in assets, with heavy concentration — 99% in Industrials.

ISIN
Fund Size €372.9M
Issuer iShares
Distribution Re-Invests Dividends
Replication Physical
Inception May 2025
Base Currency EUR
Index STOXX Europe Targeted Defence Index
Asset Class Equities
Category European Equity

Costs

7.9
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%

Holdings

2.1
With only 38 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
STOXX 600 INDUS JUN 26
0.26%
#2
Rolls-Royce Holdings PLC
0.15%
#3
BAE Systems PLC
0.15%
#4
Thales SA
0.12%
#5
Leonardo SpA
0.12%
#6
Rheinmetall AG
0.10%
#7
Saab AB
0.09%
#8
Aselsan Elektronik Sanayi Ve Ticaret AS
0.04%
#9
Babcock International Group PLC
0.03%
#10
Dassault Aviation SA
0.03%

Sectors

1.0
This fund is concentrated in just a few of its 3 sectors, reducing diversification.

Regions

4.3
This fund is concentrated in just 10 countries, with significant geographic concentration.

Nerd Stuff

Advanced risk and return metrics (2025-05-22 — 2026-05-29).
22.1%
Volatility
-20.2%
Max Drawdown
0.13
Sharpe Ratio
0.18
Sortino Ratio
0.14
Calmar Ratio
0.17
Beta
2.98%
Alpha (Jensen's)
0.006
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information DocumentFact Sheet

Broker Availability

Where you can buy this ETF.
flatex
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Free
Savings Plan
Free
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Free
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€1.00
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Free
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Free
Trading 212
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