(DFEN) Defense USD Acc EUR - Overview
Etf: Defense, Aerospace, Security, Technology
| Risk 5d forecast | |
|---|---|
| Volatility | 31.6% |
| Relative Tail Risk | 0.35% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.69 |
| Alpha | 49.95 |
| Character TTM | |
|---|---|
| Beta | 0.136 |
| Beta Downside | 0.195 |
| Drawdowns 3y | |
|---|---|
| Max DD | 14.00% |
| CAGR/Max DD | 3.40 |
Description: DFEN Defense USD Acc EUR January 10, 2026
VanEck’s Defense ETF (ticker DFEN) is a German-domiciled, sector-focused equity fund that tracks the Morningstar Global Baseline Materials Total Market Index (NR USD). It provides exposure to companies worldwide that generate the majority of their revenue from defense-related activities, including aerospace, weapons manufacturing, and military technology services.
Key drivers for the ETF’s performance include: (1) rising global defense budgets-U.S. defense spending reached $842 billion in FY 2024, a 3.5 % YoY increase; (2) heightened geopolitical risk, which historically lifts order backlogs for major contractors; and (3) strong profitability metrics in the sector, with average operating margins for the top 10 defense firms hovering around 12-15 % and R&D intensity exceeding 6 % of revenue, supporting long-term innovation pipelines.
Investors should monitor the pace of fiscal-year budget approvals in the U.S., Europe, and Asia-Pacific, as well as any policy shifts toward “defense-first” spending that could materially affect the ETF’s underlying holdings.
For a deeper, data-driven breakdown of DFEN’s risk-adjusted returns and sector exposure, you might find the analytics on ValueRay worth a quick look.
What is the price of DFEN shares?
Over the past week, the price has changed by -0.24%, over one month by -3.72%, over three months by +10.30% and over the past year by +55.64%.
Is DFEN a buy, sell or hold?
What are the forecasts/targets for the DFEN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 77.3 | 30.5% |
DFEN Fundamental Data Overview February 03, 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 = 4.16b EUR (4.16b + (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 4.16b)
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 4.16b / 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 = 6.41% (E(4.16b)/V(4.16b) * Re(6.41%) + (debt-free company))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)