(DFND) Global Aerospace & Defence - Overview
Etf: Defense, Aerospace, Industrial, Materials
| Risk 5d forecast | |
|---|---|
| Volatility | 21.0% |
| Relative Tail Risk | 2.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.38 |
| Alpha | 30.67 |
| Character TTM | |
|---|---|
| Beta | 0.186 |
| Beta Downside | 0.360 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.00% |
| CAGR/Max DD | 2.34 |
Description: DFND Global Aerospace & Defence January 17, 2026
The iShares Global Aerospace & Defence UCITS ETF (USD Acc) – ticker DFND – tracks the Morningstar Global Baseline Materials Total Market Index (TME NR USD). It is domiciled in France and classified under the “Sector Equity – Industrial Materials” category, giving investors exposure to a diversified basket of aerospace and defence companies worldwide.
Key characteristics (as of early 2026) include an expense ratio of roughly 0.40 % and assets under management exceeding €5 billion. The fund’s top holdings typically feature industry giants such as Airbus, Boeing, Lockheed Martin and Raytheon Technologies, together accounting for about 30 % of net assets. Recent performance shows a 12-month trailing total return of ~ 9 % and a low-volatility profile relative to broader equity markets, reflecting the sector’s defensive nature.
Primary drivers for the ETF’s outlook are (1) global defence spending, which the NATO-led “defence-spending-as-% of GDP” baseline is expected to rise 2-3 % annually through 2028, (2) commercial aviation demand recovery post-pandemic, measured by the IATA’s projected 4 % annual passenger-kilometre growth, and (3) supply-chain constraints on jet-engine and airframe production that can create short-term earnings volatility. Conversely, higher interest rates could pressure aircraft financing and dampen capital-expenditure cycles for airlines.
For a deeper dive into DFND’s risk-adjusted metrics and scenario analysis, explore the ValueRay platform.
What is the price of DFND shares?
Over the past week, the price has changed by +0.01%, over one month by -1.24%, over three months by +7.92% and over the past year by +37.21%.
Is DFND a buy, sell or hold?
What are the forecasts/targets for the DFND price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 9.8 | 16.3% |
DFND Fundamental Data Overview February 04, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.47b EUR (1.47b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.47b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.47b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.60% (E(1.47b)/V(1.47b) * Re(6.60%) + (debt-free company))
Discount Rate = 6.60% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)