VanEck Defense UCITS ETF (DFNS) ETF Price, Holdings & Analysis

What DFNS does

VanEck Defense UCITS ETF (symbol DFNS, ISIN IE000YYE6WK5) is a thematic ETF listed on the London Stock Exchange that aims to provide exposure to companies involved in the global defense and aerospace sector. It is part of the VanEck Defense UCITS ETF (DFNS) family managed by VanEck Asset Management B.V., with fund inception on 31 mar. 2023 and 7,44 mld. USD in fund assets. The fund's top sectors are industrials (79%) and technology (21%), reflecting a focus on defense contractors, aerospace firms, and related technology providers.

Key numbers explained

• The current price is 60,24 USD, with a daily change of +0,72%.
• The trailing P/E ratio of 0,3 indicates the price paid per unit of the fund's most recent 12-month earnings, a metric used to assess relative valuation.
• The dividend yield is 0%, meaning the fund currently does not distribute a cash dividend relative to its price.
• Over the last 52 weeks, the price ranged from a low of 54,81 to a high of 75,19.
• The fund holds 7,44 mld. USD in assets, with the top holding being Palantir Technologies Inc at 11,1%.
• The top five holdings — Palantir Technologies Inc (11,1%), RTX Corp (9%), Thales (7%), Leonardo SpA Az nom Post raggruppamento (6,2%), and Hanwha Aerospace Co Ltd (6,1%) — together represent a significant portion of the fund.

What to watch

Thematic ETFs like VanEck Defense UCITS ETF (DFNS) are influenced by geopolitical events, government defense spending, and technological developments in aerospace and security. Investors often compare such funds with broader thematic peers such as iShares Global Clean Energy UCITS ETF (INRG), ARK Innovation ETF (ARKK), or VanEck Video Gaming and eSports UCITS ETF (ESPO), or with sector-focused alternatives like iShares Automation & Robotics UCITS ETF (2B76). For those considering a wider portfolio context, multi-asset funds like Vanguard FTSE All-World UCITS ETF (Dist) (VWRL) or Xtrackers MSCI World UCITS ETF 1C (XDWD) offer different risk and exposure profiles. Regional exposure can be explored through funds such as Vanguard FTSE Developed Europe UCITS ETF (VEUR).