State Street’s SPDR S&P Kensho Future Security ETF tracks an index of U.S. companies involved in aerospace and defense innovations, a twist on the traditional defense ETF.
FITE looks for companies that are engaged in other defense-related businesses, including those in cybersecurity and advanced border security, and apportions its portfolio across a series of sub-sectors, including drones, robotics, wearable tech, space tech, and virtual reality. As a result, FITE’s portfolio isn’t dominated by aerospace and defense stocks like Northrop Grumman, Lockheed Martin and Raytheon, though those companies are in there. Instead, FITE has sizable slices of its portfolio invested in information technology, software and communications.
Perhaps that’s why FITE charges a bit of a premium over traditional defense ETFs, including State Street’s own SPDR S&P Aerospace and Defense ETF (XAR) and BlackRock’s iShares U.S. Aerospace & Defense ETF (ITA).
But FITE still isn’t outrageously priced — it isn’t even the most expensive defense ETF on the market — making FITE one option investors who want a more nuanced approach to investing in national defense.
This section compares how balanced and deep this ETF is relative to its peers.
| FITE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 72 | 85 | 50 |
| % of Assets in Top 10 | 21.09% | 43.50% | 33.55% |
| % of Assets in Top 15 | 29.57% | 55.92% | 45.93% |
| % of Assets in Top 50 | 79.56% | 88.91% | 97.07% |
| FITE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 37.10% | 62.94% | 39.27% |
| Mid (>2.7B) | 34.94% | 21.50% | 18.77% |
| Small (>600M) | 20.15% | 7.32% | 10.31% |
| Micro (<600M) | 7.81% | 1.79% | 3.08% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| FITE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.13 | $ 0.14 | $ 0.27 |
| Dividend Date | 2021-09-20 | N/A | N/A |
| Annual Dividend Rate | $ 0.49 | $ 0.35 | $ 0.33 |
| Annual Dividend Yield | 0.91% | 0.32% | 1.08% |
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 505.27 K 3 Month Net Flows: -4.72 M 6 Month Net Flows: -1.58 M 1 Year Net Flows: 2.48 M 3 Year Net Flows: 7.1 M 5 Year Net Flows: 15.05 M 10 Year Net Flows: 15.05 MView charts that break down the influence that fund flows and price had on overall assets.
The adjacent table gives investors an individual Realtime Rating for FITE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Technology Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| FITE |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 3.36% | 1.80% | 1.73% |
| 3 Month Return | 4.82% | 7.24% | 3.24% |
| YTD Return | 17.02% | 16.24% | 6.30% |
| 1 Year Return | 41.83% | 30.64% | 7.26% |
| 3 Year Return | 71.16% | 76.54% | 20.88% |
| 5 Year Return | N/A | 114.95% | 0.00% |
The following charts reflect the geographic spread of FITE's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 100.0% |
| Country | Percentage |
|---|---|
| United States | 85.04% |
| Israel | 10.38% |
| United Kingdom | 1.93% |
| Brazil | 1.5% |
| Canada | 1.1% |
| Other | 0.05% |
The following charts reflect the allocation of FITE's underlying holdings.
| Sector | Percentage |
|---|---|
| Electronic Technology | 44.51% |
| Technology Services | 43.71% |
| Health Technology | 3.99% |
| Commercial Services | 3.59% |
| Communications | 1.58% |
| Industrial Services | 1.4% |
| Producer Manufacturing | 1.17% |
| Miscellaneous | 0.05% |
| Market Cap | Percentage |
|---|---|
| Large | 37.1% |
| Mid | 34.94% |
| Small | 20.15% |
| Micro | 7.81% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 98.45% |
| American Depositary Receipt | 1.5% |
| Open-ended Fund | 0.05% |
| Sector | Percentage |
|---|---|
| Electronic Technology | 44.51% |
| Technology Services | 43.71% |
| Health Technology | 3.99% |
| Commercial Services | 3.59% |
| Communications | 1.58% |
| Industrial Services | 1.4% |
| Producer Manufacturing | 1.17% |
| Miscellaneous | 0.05% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
A fact sheet is not available for this ETF. Please visit the FITE ETF home page for more information.
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