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Select STOXX Europe Aerospace & Defense ETF (EUAD) Sortino Ratio: 0.39

ETF · Currency in USD · Last updated Jun 23, 2026

The ETF aims to track the performance of an index comprising companies based in Europe involved in manufacturing, servicing, supplying, and distributing both civil and military aerospace equipment, as well as civil and military defense and protective services equipment, requiring at least 80% of its assets to be invested in these component securities.

EUAD's Sortino Ratio of 0.39 indicates that for each unit of downside volatility, it generates 0.39 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

EUAD Sortino Ratio Rank

EUAD Sortino Ratio Rank: 10.410
Concerning

EUAD ranks above 10.4% of all investments in our database based on Sortino Ratio over the past 12 months, indicating weak returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Weak downside-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or implementing downside hedges
  • Review higher-ranked alternatives in the same category

EUAD Sortino Ratio Market Positioning

The chart shows EUAD's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 3.21
  • Green zone (top 25%): 3.21 or higher
  • Top 1%: 14.43+
  • Median: 2.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Select STOXX Europe Aerospace & Defense ETF's Sortino Ratio with other ETFs in the Aerospace & Defense category across multiple time periods, showing how EUAD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
GCADGabelli Commercial Aerospace & Defense ETF2.92
UFOProcure Space ETF2.61
XARSPDR S&P Aerospace & Defense ETF2.13
ARKXARK Space Exploration & Innovation ETF2.10
ITAiShares U.S. Aerospace & Defense ETF2.10
PPAInvesco Aerospace & Defense ETF2.08
FOWFPacer Solactive Whitney Future of Warfare ETF2.07
DFENDirexion Daily Aerospace & Defense Bull 3X Shares1.86
NATOThemes Transatlantic Defense ETF1.38
IDEFiShares Defense Industrials Active ETF1.30
EUADSelect STOXX Europe Aerospace & Defense ETF0.39

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows EUAD's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EUAD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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