Summary
Drone and Modern Warfare ETF is an ETF - a fund traded on an exchange like a stock - run by Defiance. Positions inside: 47. The ten largest make up 52% of the fund.
- Yearly costs
- 0.69%
- Fund size
- $129.1M
- Positions
- 47
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- The ten largest positions make up 52% of the fund, so its result rests on a few names.
- 84% of the fund is in one country (United States).
- Costs of 0.69% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 53% from its high.
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -23%
- 3 months
- -14%
- This year
- -15%
- 1 year
- -22%
- Avg. market cap
- $43.6B
- P/E
- -
- Forward P/E
- -
- P/S
- 5.2x
- P/B
- 0.0x
- P/FCF
- -
- EV/EBITDA
- -
- Dividend yield
- 0.12%
- ROIC
- -17.3%
- ROE
- -15.6%
- Gross margin
- 28.8%
- Operating margin
- -570.8%
- Net margin
- -472.1%
- Payout ratio
- -
- Net debt/EBITDA
- -
- Beta
- 2.73
Weighted average of the 41 largest companies, which make up 94% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ONOndas Holdings Inc. ONDS 9.7%
- 2 RDRedwire Corporation RDW 7.9%
- 3 UMUnusual Machines, Inc. UMAC 6.1%
- 4 LUIntuitive Machines, Inc. LUNR 5.3%
- 5 Shield AI II -IC LLC 3.9%
- 6 ASAST SpaceMobile ASTS 3.9%
- 7 AIC3.ai, Inc. AI 3.8%
- 8 RKRocket Lab USA RKLB 3.8%
- 9 BKBlackSky Technology Inc. BKSY 3.7%
- 10 RCRed Cat Holdings, Inc. RCAT 3.6%
Positions in the fund: 47. The ten largest make up 52% of it.
Composition as of Oct 24, 2026.
Where is it spread?
One countryBy country
- United States 84%
- United Kingdom 5.3%
- Australia 3.0%
- France 1.2%
- Other countries 6.8%
By company size
- Mega cap 3.7%
- Large cap 15%
- Mid cap 46%
- Small cap 28%
- Micro cap 7.4%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 94% of the fund.
Largest country: United States (84%). Largest size group: Mid cap (46%).
What does it cost me?
Expensive- A year from $10,000
- $69.00
- Over 20 years
- $3,278
From every $10,000 invested the fund takes $69.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,278.
How has it done?
Losing value- Over the last year
- -22%
- Deepest drop
- -53%
- Yearly volatility
- 53%
Decline over the last year: 22%. Deepest drop in these years: 53% below the earlier high.
Does it pay dividends?
We have no record of payments from this fund.
Is it easy to buy and sell?
Yes- Traded a day
- $4.00M
- Shares a day
- 195K
On an average day about $4.00M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- Average Bulios Score
- 43 out of 100
Weight by Bulios Fair Price
- Undervalued 12%
- Fairly valued 3.6%
- Overvalued 84%
By Fair Price, 84% of the rated weight comes out as overvalued.
Counted from its largest companies (41), which make up 94% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
DR DRON.DE Defiance Drone UCITS ETF USD | Ireland | 0.69% | $36.6M | - | - | 31% |
XS XSPC VegaShares SpaceX & Beyond Earth ETF | United States | 0.75% | $1.81M | - | - | 29% |
DR DRNZ REX Drone ETF | United States | 0.65% | $93.6M | - | - | 27% |
BZ BZZ Corgi ETF Trust I - Corgi Drones & Urban Air Mobility ETF | United States | 0.35% | $2.85M | - | - | 25% |
DI DIPR Corgi ETF Trust I - Corgi Space & Satellite Communications ETF | United States | 0.35% | $1.30M | - | - | 24% |
IV IVDF.DE Invesco Defence Innovation UCITS ETF AccumUSD | Ireland | 0.35% | $145.7M | -5.4% | - | 24% |