State Street SPDR S&P Aerospace & Defense ETF (XAR) is a industrials and materials ETF. As of October 28, 2026, ETF Copilot scores XAR 4.9 out of 10 — highest on Growth (8.2), lowest on Quality (0.9). It trades at 31.2 times earnings, against its own median of 26.2. Its ten largest holdings are 32% of the fund.
What stands out in XAR's data
U.S. aerospace and defense companies, held through a cap-weighted index.
Has outpaced most peers over the last three years — a period that favored its sector.
A 27% annualized return beats the category median of 20%. Its P/E multiple of 31.2x reflects the premium the market places on defense earnings.
A sector bet on defense contractors, built for portfolios that want exposure to government spending.
Why did XAR move this week? It rose 1.1% in the week to October 28, 2026 — Lockheed Martin and Honeywell Aerospace drove it
XAR rose 1.1% in the week to October 28, 2026. The holdings that moved it most were Lockheed Martin (+14.2%), Honeywell Aerospace (+9.0%) and Rocket LAB (+9.2%); Carpenter Technology (−23.9%) pushed the other way.
How is XAR rated? ETF Copilot scores State Street SPDR S&P Aerospace & Defense ETF (XAR) 4.9 out of 10
As of October 28, 2026, ETF Copilot scores State Street SPDR S&P Aerospace & Defense ETF (XAR) 4.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.9 / 10
- Growth: 8.2 / 10
- Value: 2.1 / 10
- Risk: 2.0 / 10
- Quality: 0.9 / 10
- Return: 7.9 / 10
Is XAR expensive right now? It trades at 31.2 times earnings, against its own median of 26.2
As of October 28, 2026, XAR is more expensive than 76% of its own last 9 years.
Trailing 12 months, built from XAR's holdings. How we calculate this →
What's inside XAR?
What's inside XAR: Size (Large 40%, Mid 39%, Small 22%); Geography (International 0%, US 100%); Tech 1.0%.
What are XAR's top holdings? The ten largest are 32% of the fund
Lockheed Martin, Honeywell Aerospace, Northrop Grumman, L3harris Technologies, General Dynamics, TransDigm, Huntington Ingalls, Raytheon Technologies, Heico and Textron are XAR's largest holdings, in that order.
Less concentrated than 70% of Industrials & Materials ETFs.
Half of XAR's weight sits in its 17 largest positions, and once those weights are taken into account it behaves like 39 equally weighted holdings.
What is XAR's expense ratio? 0.35% a year
As of October 28, 2026, XAR charges 0.35% a year, yields 0.16% and holds $5.0B in assets across 50 positions.
| Measure | XAR |
|---|---|
| Expense ratio | 0.35% |
| Dividend yield | 0.16% |
| Assets under management | $5.0B |
| Holdings | 50 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR S&P Aerospace & Defense ETF (XAR) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/xar
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