DUTY
U.S. Defense ETF
The U.S. Defense ETF aims to provide investment results that correspond to the performance of companies involved in the defense and aerospace sectors, thereby capitalizing on the growth opportunities within the national security landscape.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.2 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Inception date | Apr 08, 2026 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PALANTIR TECHNOLOGIES INC. CLASS A | 7.5 % |
| LOCKHEED MARTIN CORP | 7.1 % |
| ROCKET LAB CORP | 7.0 % |
| L3HARRIS TECHNOLOGIES INC | 6.9 % |
| GENERAL DYNAMICS CORP | 6.9 % |
| NORTHROP GRUMMAN CORP | 6.8 % |
| FORTINET INC | 4.1 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 4.1 % |
| PALO ALTO NETWORKS INC | 4.0 % |
| OKTA, INC. CLASS A | 3.9 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 463 |
| Wgt avg mkt cap (mns) | $79,594 |
| Large cap (>$10bn) | 80.9% |
| Mid cap ($2-10bn) | 9.0% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
ISRAEL | 3.0 % |
Historical Performance
Standardized Performance (as of 06/03/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividend Yield | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Returns | -- | -- | -- | -- | -- | -- | -- | -- | Ann. Volatility | -- | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 3.8% |
| Avg. Bid/Ask (% of price) | 0.25% |
Technical Indicators
| 30d moving avg. (EMA) | $0.00 |
| Relative strength (RSI) | 0 |
| MACD/Signal | 0.00/0.00 |
| Bollinger Bands (Upper/Lower) | $0.00/$0.00 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DUTY |
Expenses vs. DUTY |
ALTAR Score™ vs. DUTY |
|---|---|---|---|---|
| TSSD | Truth Social American Security & Defense ETF | 55.6% | +20 bp | 0.0% |
| SHLD | Global X Defense Tech ETF | 44.8% | +5 bp | +0.8% |
| MISL | First Trust Indxx Aerospace & Defense ETF | 35.9% | +15 bp | -0.7% |
| PPA | Invesco Aerospace & Defense ETF | 33.3% | +13 bp | -0.5% |
| HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 32.6% | +15 bp | +0.4% |
| SPAM | Themes Cybersecurity ETF | 32.2% | -10 bp | -0.2% |
| XA | Corgi AI Cybersecurity ETF | 31.3% | -10 bp | +0.8% |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 30.1% | 0 bp | -1.2% |
| BUG | Global X Cybersecurity ETF | 29.9% | +6 bp | +0.3% |
| IHAK | iShares Cybersecurity & Tech ETF | 29.6% | +2 bp | +1.6% |
Risk and Returns: DUTY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
2.8%
ALTAR SCORE™
12nd
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. DUTY's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places DUTY in the 12nd percentile
among funds in the category.
Sell-Side Consensus
$29.66
PRICE TARGET
+8.2%
UPSIDE