Summary
Invesco Aerospace & Defense ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 73. The ten largest make up 61% of the fund.
- Yearly costs
- 0.58%
- Fund size
- $7.26B
- Positions
- 73
- Dividend yield
- 0.72%
- Running since
- 2005
What speaks for it
- A large fund with $7.26B under management.
- Easy to buy and sell: about $34.4M changes hands a day.
- Average yearly growth over the last ten years: 15%.
- It has been running since 2005.
What to watch
- The ten largest positions make up 61% of the fund, so its result rests on a few names.
- 89% of the fund is in one sector (Industrials).
- 94% of the fund is in one country (United States).
- Costs of 0.58% a year are above the middle of comparable funds (0.44%).
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
- -2.4%
- 3 months
- -7.1%
- This year
- -0.4%
- 1 year
- +0.6%
- 3 years
- +94%
- 5 years
- +107%
- 10 years
- +312%
- Avg. market cap
- $146.6B
- P/E
- 30.1x
- Forward P/E
- 24.5x
- P/S
- 2.5x
- P/B
- 5.6x
- P/FCF
- 24.5x
- EV/EBITDA
- 19.5x
- Dividend yield
- 0.91%
- ROIC
- 9.3%
- ROE
- 28.8%
- Gross margin
- 26.8%
- Operating margin
- 13.6%
- Net margin
- 10.7%
- Payout ratio
- 27.4%
- Net debt/EBITDA
- 2.1x
- Beta
- 0.85
Weighted average of the 50 largest companies, which make up 98% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 GEGeneral Electric Company GE 9.1%
- 2 RTRTX RTX 9.1%
- 3 BABoeing BA 8.8%
- 4 LMLockheed Martin LMT 8.3%
- 5 GDGeneral Dynamics GD 5.3%
- 6 NONorthrop Grumman Corp NOC 4.9%
- 7 HWHowmet Aerospace HWM 4.0%
- 8 HOHoneywell Aerospace Inc HONA 4.0%
- 9 LHL3Harris Technologies, Inc. LHX 3.8%
- 10 PHParker-Hannifin PH 3.7%
Positions in the fund: 73. The ten largest make up 61% of it.
Composition as of Oct 17, 2026.
Where is it spread?
One sector dominatesBy sector
- Industrials 89%
- Technology 9.8%
- Basic materials 1.1%
- Communication services 0.2%
- Financials 0.09%
- Other 0.00%
By country
- United States 94%
- Israel 2.9%
- Ireland 1.8%
- Canada 1.0%
By company size
- Mega cap 21%
- Large cap 69%
- Mid cap 9.6%
- Small cap 0.8%
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.
Largest sector: Industrials (89%). Largest country: United States (94%). Largest size group: Large cap (69%).
What does it cost me?
Expensive- A year from $10,000
- $58.00
- Over 20 years
- $2,782
From every $10,000 invested the fund takes $58.00 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 $2,782.
How has it done?
Growing over the long run- A year on average, 10 years
- +15%
- Deepest drop
- -19%
- Yearly volatility
- 21%
Average yearly growth over the last ten years: 15%. Deepest drop in these years: 19% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.72%
- Payments a year
- 3
- Last payment
- $0.48
Over the last 12 months it paid $1.12 per share, which is 0.72% of today's price. The last payment was $0.48 on Sep 21, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $34.4M
- Shares a day
- 221K
On an average day about $34.4M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 30.1
- Average Bulios Score
- 58 out of 100
Weight by Bulios Fair Price
- Undervalued 12%
- Fairly valued 12%
- Overvalued 76%
On average the companies inside trade for 30.1 times their yearly profit. By Fair Price, 76% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 98% 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 | ||
|---|---|---|---|---|---|---|
IT ITA iShares U.S. Aerospace & Defense ETF | United States | 0.37% | $12.1B | -0.9% | Pays out | 70% |
MI MISL First Trust Indxx Aerospace & Defense ETF | United States | 0.60% | $193.7M | -3.8% | Pays out | 70% |
DF DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | United States | 0.96% | $385.6M | -31% | Pays out | 58% |
NA NATO Themes ETF Trust - Themes Transatlantic Defense ETF | United States | 0.35% | $91.1M | -4.2% | Reinvests | 55% |
FS FSDAX Fidelity Select Defense & Aerospace Portfolio· mutual fund | - | - | $3.32B | -1.4% | Pays out | 54% |
AV AV Corgi Etf Trust I - Corgi Aerospace & Commercial Aviation ETF | United States | 0.35% | $767.5K | - | - | 53% |
