RTX - Aerospace & Defense ETFs have jumped double digits since the invasion of Ukraine

Aerospace and defense exchange traded funds have seen a double-digit jump in their underlying value ever since Russia invaded Ukraine on Feb. 24th. With the military conflict spotlighting geopolitical risks in general, ETFs that support defense equipment have caught a topside bid. Four ETFs in particular that have experienced a substantial upside move are the Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN), iShares U.S. Aerospace & Defense ETF (BATS:ITA), SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR), and the SPDR S&P Kensho Future Security ETF (NYSEARCA:FITE).  Since the invasion DFEN is +30.1%, FITE +13.9%, XAR +12.7%, and ITA is +9.3%.  DFEN has led all four funds from a performance standpoint as it is a 3X leveraged ETF and is meant to accentuate swings in the underlying sector. Its top holdings are Raytheon Technologies (NYSE:RTX) and Boeing (NYSE:BA), weighted at 16.63% and 13.62%. On the other hand, ITA was the poorest performing ETF

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Aerospace & Defense ETFs have jumped double digits since the invasion of Ukraine