DUTY vs. EUAD

Last updated Jul 18, 2026

DUTY (U.S. Defense ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both Aerospace & Defense funds - DUTY tracks the Solactive U.S. Defense Index while EUAD tracks the STOXX Europe Total Market Aerospace & Defense Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. DUTY charges 0.45%/yr vs 0.50%/yr for EUAD.

Performance

DUTY vs. EUAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Defense ETF (DUTY) and Select STOXX Europe Aerospace & Defense ETF (EUAD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DUTY

• 1D: 0.06%
• 1M: 0.05%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EUAD

• 1D: 0.87%
• 1M: -0.67%
• 6M: -13.09%
• YTD: -1.19%
• 1Y: -3.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUTY vs. EUAD - Yearly Performance Comparison

	2026 (YTD)
DUTY U.S. Defense ETF	2.19%
EUAD Select STOXX Europe Aerospace & Defense ETF	-1.00%

Correlation

The correlation between DUTY and EUAD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 8, 2026	0.40

DUTY vs. EUAD - Sectors Allocation Comparison

Sectors	DUTY	EUAD
Industrials	51.0%	99.5%
Technology	49.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	0.1%
Real Estate	-	-
Utilities	-	-

Return for Risk

DUTY vs. EUAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUTY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EUAD

EUAD Risk / Return Rank: 8
EUAD Sharpe Ratio Rank: 9
EUAD Sortino Ratio Rank: 9
EUAD Omega Ratio Rank: 9
EUAD Calmar Ratio Rank: 8
EUAD Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUTY vs. EUAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Defense ETF (DUTY) and Select STOXX Europe Aerospace & Defense ETF (EUAD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DUTY	EUAD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.11	—
Sortino ratio: Return per unit of downside risk	—	0.05	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	-0.15	—
Martin ratio: Return relative to average drawdown	—	-0.32	—

Drawdowns

DUTY vs. EUAD - Drawdown Comparison

The maximum DUTY drawdown since its inception was -13.42%, smaller than the maximum EUAD drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for DUTY and EUAD.

Drawdown Indicators

	DUTY	EUAD	Difference
Max Drawdown Largest peak-to-trough decline	-13.42%	-22.04%	+8.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.04%	—
Current Drawdown Current decline from peak	-7.34%	-13.77%	+6.43%
Average Drawdown Average peak-to-trough decline	-4.69%	-6.23%	+1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.10%	—

Volatility

Volatility by Period

	DUTY	EUAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.91%	29.26%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	29.62%	-2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.91%	29.62%	-2.71%

DUTY vs. EUAD - Expense Ratio Comparison

DUTY has a 0.45% expense ratio, which is lower than EUAD's 0.50% expense ratio.

Dividends

DUTY vs. EUAD - Dividend Comparison

DUTY has not paid dividends to shareholders, while EUAD's dividend yield for the trailing twelve months is around 0.41%.

Position	TTM	2025	2024
DUTY U.S. Defense ETF	0.00%	0.00%	0.00%
EUAD Select STOXX Europe Aerospace & Defense ETF	0.41%	0.40%	0.10%

Frequently Asked Questions

Can I hold both DUTY and EUAD in my portfolio?

DUTY and EUAD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DUTY or EUAD?

On fees, DUTY is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DUTY or EUAD?

DUTY is cheaper with a 0.45% expense ratio, compared with 0.50% for EUAD.

Which ETF pays a higher dividend yield, DUTY or EUAD?

EUAD has the higher dividend yield at 0.41%, compared with 0.00% for DUTY.

What is the main difference between DUTY and EUAD?

DUTY tracks Solactive U.S. Defense Index, while EUAD tracks STOXX Europe Total Market Aerospace & Defense Index. They also come from different issuers: Aura and Select Funds. Their fees differ too: 0.45% for DUTY and 0.50% for EUAD.