SPDR S&P Aerospace & Defense ETF

Price: $113.64
Change: $1.57 (-0.01%)
Last Updated:


Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.35%
ETF Home Page Home page
Inception Sep 28, 2011

Analyst Report

This ETF offers targeted exposure to the aerospace & defense sector, a corner of the domestic economy that is capable of generating significant returns but that may also be subject to political risk in certain environments. Given the narrow focus of XAR—as well as the fact that the fund focuses primarily on large cap stocks—there might be little use for this fund in long-term, buy-and-hold portfolios (since most of the stocks held in XAR are already included in broad-based equity funds). This ETF can, however, be a useful tool for tactical traders looking to overweight this corner of the market.

For investors seeking broad-based exposure to the industrials sector, there are a number of options available in the Industrials ETFdb Category. And there are other targeted aerospace and defense ETFs as well, including the more established ITA and PPA. This ETF from State Street stands out from the competition in a couple of ways. First, the underlying index is equal-weighted, giving this fund a balanced portfolio that avoids significant company specific risk (and may address concerns about the efficiency of cap-weighted benchmarks). Second, XAR is cheaper than the competition, an obvious plus for those seeking to minimize expenses.

Given the targeted focus of this fund, XAR probably isn’t for everyone. But for investors looking to access the aerospace & defense sector, this fund is the best option out there.

ETF Database Themes

Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Industrials
Sector (Specific) Aerospace & Defense
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. Aerospace & Defense
Category Sector
Focus Industrials
Niche Aerospace & Defense
Strategy Equal
Weighting Scheme Equal

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $91.19
  • 52 Week Hi $121.82
  • AUM $1,496.4 M
  • Shares 12.8 M

Historical Trading Data

  • 1 Month Avg. Volume 52,835
  • 3 Month Avg. Volume 69,452

Alternative ETFs in the ETF Database Industrials Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FIDU 0.08% $694.6 M 62,260 1.53%
Largest (AUM) XLI 0.10% $13.0 B 12 M -0.53%
Most Liquid (Volume) XLI 0.10% $13.0 B 12 M -0.53%
Top YTD Performer CLNR 0.45% $6.4 M 2,527 14.04%

Alternative ETFs in the FactSet Equity: U.S. Aerospace & Defense Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GCAD 0.00% $3.8 M 530 N/A
Largest (AUM) ITA 0.39% $5.8 B 578,951 -1.60%
Most Liquid (Volume) ITA 0.39% $5.8 B 578,951 -1.60%
Top YTD Performer PPA 0.58% $1.8 B 121,811 -0.11%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

XAR ETF Database Category Average FactSet Segment Average
Number of Holdings 33 97 31
% of Assets in Top 10 42.32% 41.67% 46.15%
% of Assets in Top 15 61.61% 54.10% 58.24%
% of Assets in Top 50 99.98% 88.80% 79.91%

Size Comparison

XAR ETF Database Category Average FactSet Segment Average
Large (>12.9B) 43.90% 60.44% 50.84%
Mid (>2.7B) 37.36% 27.72% 22.86%
Small (>600M) 18.31% 9.92% 6.07%
Micro (<600M) 0.32% 1.33% 0.14%

XAR Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

XAR Dividend

This section compares the dividend yield of this ETF to its peers.

XAR ETF Database Category Average FactSet Segment Average
Dividend $ 0.12 $ 0.34 $ 0.10
Dividend Date 2023-03-20 N/A N/A
Annual Dividend Rate $ 0.54 $ 0.96 $ 0.48
Annual Dividend Yield 0.47% 1.88% 0.50%

XAR Price and Volume Charts

View charts featuring XAR price and volume data.

XAR Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -8.59 M 3 Month Net Flows: 30.44 M 6 Month Net Flows: 65.8 M 1 Year Net Flows: 46.26 M 3 Year Net Flows: -95.16 M 5 Year Net Flows: 110.32 M 10 Year Net Flows: 1.13 B

XAR Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.