Summary
Invesco Defence Innovation UCITS ETF AccumUSD is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 68. The ten largest make up 20% of the fund.
- Yearly costs
- 0.35%
- Fund size
- 136.4M €
- Positions
- 68
- Dividends
- Reinvested
- Running since
- 2024
What speaks for it
- Costs of 0.35% a year are below the middle of comparable funds (0.44%).
What to watch
- 70% of the fund is in one sector (Industrials).
- A young fund: it has been running only since 2024.
- It trades little: only about 303.7K € changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -10%
- 3 months
- -18%
- This year
- +7.4%
- 1 year
- +9.7%
- Avg. market cap
- $30.7B
- P/E
- 24.9x
- Forward P/E
- 22.2x
- P/S
- 2.1x
- P/B
- 2.9x
- P/FCF
- 19.3x
- EV/EBITDA
- 15.8x
- Dividend yield
- 0.61%
- ROIC
- 4.4%
- ROE
- 11.9%
- Gross margin
- 27.4%
- Operating margin
- -1.9%
- Net margin
- 0.4%
- Payout ratio
- 15.3%
- Net debt/EBITDA
- 2.3x
- Beta
- 0.70
Weighted average of the 50 largest companies, which make up 81% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 LMLockheed Martin LMT 2.1%
- 2 KRKarman Holdings Inc. KRMN 2.1%
- 3 SASaab AB (publ) SAAB-B.ST 2.0%
- 4 BRBruker BRKR 2.0%
- 5 TDTeledyne TDY 2.0%
- 6 ESElbit Systems Ltd. ESLT.TA 2.0%
- 7 LHL3Harris Technologies, Inc. LHX 1.9%
- 8 LDLeidos LDOS 1.9%
- 9 AVAvio S.p.A. AVIO.MI 1.9%
- 10 NONorthrop Grumman Corp NOC 1.9%
Positions in the fund: 68. The ten largest make up 20% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One sector dominatesBy sector
- Industrials 70%
- Technology 22%
- Communication services 3.3%
- Healthcare 3.1%
- Energy 1.6%
By country
- United States 67%
- France 8.3%
- United Kingdom 5.4%
- Italy 3.2%
- Other countries 16%
By company size
- Mega cap 1.9%
- Large cap 43%
- Mid cap 43%
- Small cap 11%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 93% of the fund.
Largest sector: Industrials (70%). Largest country: United States (67%). Largest size group: Large cap (43%).
What does it cost me?
Cheap- A year from 10,000 €
- 35.00 €
- Over 20 years
- 1,714 €
From every 10,000 € invested the fund takes 35.00 € a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about 1,714 €.
How has it done?
Growing over the long run- Over the last year
- +9.7%
- Deepest drop
- -25%
- Yearly volatility
- 27%
Growth over the last year: 9.7%. Deepest drop in these years: 25% below the earlier high.
Does it pay dividends?
No, it reinvestsThe fund pays nothing out. What its holdings earn stays inside and shows in the price.
Is it easy to buy and sell?
It trades little- Traded a day
- 303.7K €
- Shares a day
- 39K
On an average day about 303.7K € of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 24.9
- Average Bulios Score
- 54 out of 100
Weight by Bulios Fair Price
- Undervalued 22%
- Fairly valued 12%
- Overvalued 66%
On average the companies inside trade for 24.9 times their yearly profit. By Fair Price, 66% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 81% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FI FITE State Street SPDR S&P Kensho Future Security ETF | United States | 0.45% | $114.5M | +17% | Pays out | 45% |
RO ROKT State Street SPDR S&P Kensho Final Frontiers ETF | United States | 0.45% | $151.8M | +20% | Pays out | 42% |
FL FLDZ TrueShares Patriot Defense ETF | United States | 0.40% | $3.41M | -14% | Pays out | 37% |
GA GALX VistaShares Space Supercycle ETF | United States | 0.75% | $1.89M | - | - | 36% |
WS WSPC WisdomTree Space Economy Fund | United States | 0.75% | $1.21M | - | - | 34% |
AM AMMO VistaShares Defense Supercycle ETF | United States | 0.75% | $916.8K | - | - | 34% |