EUAD vs. DUTY

Last updated Jul 17, 2026

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

Performance

EUAD vs. DUTY - Performance Comparison

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

Returns By Period

EUAD

• 1D: -0.96%
• 1M: -1.83%
• 6M: -12.79%
• YTD: -2.04%
• 1Y: -2.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DUTY

• 1D: -1.36%
• 1M: -0.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EUAD vs. DUTY - Yearly Performance Comparison

	2026 (YTD)
EUAD Select STOXX Europe Aerospace & Defense ETF	-1.85%
DUTY U.S. Defense ETF	2.13%

Correlation

The correlation between EUAD and DUTY 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

EUAD vs. DUTY - Sectors Allocation Comparison

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

Return for Risk

EUAD vs. DUTY — Risk / Return Rank

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

EUAD

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

DUTY

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

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.

EUAD vs. DUTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) and U.S. Defense ETF (DUTY). 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.

	EUAD	DUTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	—	—
Sortino ratio: Return per unit of downside risk	0.07	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	-0.13	—	—
Martin ratio: Return relative to average drawdown	-0.28	—	—

Drawdowns

EUAD vs. DUTY - Drawdown Comparison

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

Drawdown Indicators

	EUAD	DUTY	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-13.42%	-8.62%
Max Drawdown (1Y) Largest decline over 1 year	-22.04%	—	—
Current Drawdown Current decline from peak	-14.52%	-7.39%	-7.13%
Average Drawdown Average peak-to-trough decline	-6.21%	-4.65%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.06%	—	—

Volatility

Volatility by Period

	EUAD	DUTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.25%	27.11%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.65%	27.11%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.65%	27.11%	+2.54%

EUAD vs. DUTY - Expense Ratio Comparison

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

Dividends

EUAD vs. DUTY - Dividend Comparison

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

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 EUAD and DUTY in my portfolio?

EUAD and DUTY 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, EUAD or DUTY?

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, EUAD or DUTY?

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

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

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

What is the main difference between EUAD and DUTY?

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