BenzingaT3·4mo ago
IDEF BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
IDEF
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Key stats
About
BlackRock ETF Trust iShares Defense Industrials and Tech Active ETF (IDEF) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2025-05-19
- Has Options
- No
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer data
- Expense ratio
- 0.55% issuer, Oct 22, 2026
- Assets
- $3.7B issuer-reported, Oct 20, 2026
- Trailing yield
- 0.35% paid semi-annual
- Average daily volume
- $60M 30 sessions
- Holdings
- 174 top 10 are 37.3%
- Listed
- May 19, 2025 Nasdaq
- Net asset value
- $30.35 issuer, Oct 21, 2026 · closed +0.35% to NAV
- Median bid/ask spread
- 0.10% 30 days, issuer-reported
- 30-day SEC yield
- 0.36% issuer, Sep 30, 2026
- Return on NAV, 1 year
- −1.4% issuer, through Sep 30, 2026
- Distributions, 12 months
- $0.11 a share issuer, through Jun 15, 2026: 100% income
Cost50
Liquidity92
Scale85
Diversification76
Moves with. US large-cap stocks (30% of its variance, beta 0.86); Small caps over large (8% of its variance, beta 0.43); Gold (6% of its variance, beta 0.12); Developed markets ex-US over US (5% of its variance, beta 0.50). These factors explain 55% of its daily moves over the last year.
All 174 holdingsSimilar fundsOverlap toolAll Aerospace & Defense ETFs
Fund flows
daily as of Oct 20, 2026issuer data- Oct 20, 2026
- $0 latest day
- Latest 5 trading days
- +$11M
- Latest 21 trading days
- −$480M −13.0% of assets
- Year to date
- +$4.2B +$4.2B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | +$4.8M |
| Oct 15, 2026 | −$3.6M |
| Oct 14, 2026 | +$9.7M |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | +$3.1M |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | +$3.2M |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | −$7.5M |
| Sep 28, 2026 | +$26M |
| Sep 25, 2026 | −$27M |
| Sep 24, 2026 | −$372M |
| Sep 23, 2026 | −$125M |
| Sep 22, 2026 | +$7.0M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| WDGFWisdomTree Global Defense Fund | 55% | 0.45% | $5.3M | −4.3% | compare |
| NATOThemes Transatlantic Defense ETF | 46% | 0.35% | $101M | −4.4% | compare |
| PPAInvesco Aerospace & Defense ETF | 45% | 0.58% | $7.4B | +0.5% | compare |
| SHLDGlobal X Defense Tech ETF | 43% | 0.50% | $8.0B | −8.3% | compare |
| MISLFirst Trust Indxx Aerospace & Defense ETF | 43% | 0.60% | $667M | −3.2% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +8.1% 51% under, 18% over · 64% covered
- Price / earnings
- 38.0 9% loss-making · 58% covered
- Price / book · sales
- 4.9 · 2.5 revenue growth +10.9%
- Above 200-day average
- 27% 39% above 50-day · by weight
- Short interest
- 3.7% of float, weighted · 2.8 days to cover
- Insider buying
- 3% of weight had net insider buying, 90 days; 37% net selling
- 13F holders
- +3.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 20.3% of weight in 7 days; 34.5% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.53%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Oct 16, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | NEXT VISION STABILIZED SYSTEMS LTD | 0.27% | 0.22% | −19.9% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 3.3%. Full holdings and history
ETF Profile
holdings as of 2026-10-20
Holdings
174
AUM
$3.7B
Provider
iShares (BlackRock)
Inception
2025-05-19
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.55%
Dividend Yield
0.35%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-15 | 2026-06-18 | $0.0542 | CD |
| 2025-12-16 | 2025-12-19 | $0.0523 | CD |
Asset Allocation
Top Holdings
top 50 of 174 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| RTX | RTX | 7.06% | Equity (US) | US |
| LMT | LOCKHEED MARTIN | 4.68% | Equity (US) | US |
| GD | GENERAL DYNAMICS CORP | 4.06% | Equity (US) | US |
| BA | BOEING | 3.93% | Equity (US) | US |
| NOC | NORTHROP GRUMMAN CORP | 3.83% | Equity (US) | US |
| RR. | ROLLS-ROYCE HOLDINGS PLC | 3.30% | Equity (Foreign) | GB |
| PLTR | PALANTIR TECHNOLOGIES CLASS A | 2.96% | Equity (US) | US |
| SPCX | SPACE EXPLORATION TECHNOLOGIES COR | 2.93% | Equity (US) | US |
| AIR | AIRBUS GROUP | 2.40% | Equity (Foreign) | FR |
| HO | THALES SA | 2.15% | Equity (Foreign) | FR |
| — | SAAB CLASS B | 1.83% | Equity (Foreign) | SE |
| GE | GE AEROSPACE | 1.75% | Equity (US) | US |
| — | MITSUBISHI HEAVY INDUSTRIES | 1.67% | Equity (Foreign) | JP |
| LDO | LEONARDO FINMECCANICA SPA | 1.57% | Equity (Foreign) | IT |
| — | MITSUBISHI ELECTRIC | 1.49% | Equity (Foreign) | JP |
| MSFT | MICROSOFT | 1.35% | Equity (US) | US |
| PANW | PALO ALTO NETWORKS | 1.25% | Equity (US) | US |
| — | BLK CSH FND TREASURY SL AGENCY | 1.17% | Cash/Money Market | US |
| SAF | SAFRAN SA | 1.14% | Equity (Foreign) | FR |
| ESLT | ELBIT SYSTEMS | 1.12% | Equity (Foreign) | IL |
| CRWD | CROWDSTRIKE HOLDINGS CLASS A | 1.11% | Equity (US) | US |
| — | HANWHA AEROSPACE LTD | 1.10% | Equity (Foreign) | KR |
| APH | AMPHENOL CORP CLASS A | 1.09% | Equity (US) | US |
| TDG | TRANSDIGM GROUP | 1.07% | Equity (US) | US |
| RHM | RHEINMETALL AG | 1.04% | Equity (Foreign) | DE |
| — | HANWHA SYSTEMS LTD | 1.02% | Equity (Foreign) | KR |
| AMZN | AMAZON.COM INC | 0.99% | Equity (US) | US |
| — | IHI | 0.96% | Equity (Foreign) | JP |
| — | KAWASAKI HEAVY INDUSTRIES | 0.89% | Equity (Foreign) | JP |
| S63 | SINGAPORE TECHNOLOGIES ENGINEERING | 0.88% | Equity (Foreign) | SG |
| BA. | BAE SYSTEMS PLC | 0.86% | Equity (Foreign) | GB |
| — | KOREA AEROSPACE INDUSTRIES | 0.84% | Equity (Foreign) | KR |
| HWM | HOWMET AEROSPACE | 0.82% | Equity (US) | US |
| FTNT | FORTINET | 0.79% | Equity (US) | US |
| KOG | KONGSBERG GRUPPEN | 0.77% | Equity (Foreign) | NO |
| LHX | L3HARRIS TECHNOLOGIES | 0.68% | Equity (US) | US |
| CSG | CSG CLASS A NV | 0.68% | Equity (Foreign) | NL |
| CAE | CAE | 0.65% | Equity (Foreign) | CA |
| HONA | HONEYWELL AEROSPACE INC | 0.61% | Equity (US) | US |
| ITT | ITT INC | 0.59% | Equity (US) | US |
| AM | DASSAULT AVIATION SA | 0.59% | Equity (Foreign) | FR |
| BAB | BABCOCK INTERNATIONAL GROUP PLC | 0.55% | Equity (Foreign) | GB |
| LDOS | LEIDOS HOLDINGS | 0.55% | Equity (US) | US |
| AVGO | BROADCOM INC | 0.54% | Equity (US) | US |
| RKLB | ROCKET LAB CORP | 0.54% | Equity (US) | US |
| PSN | PARSONS CORP | 0.51% | Equity (US) | US |
| TDY | TELEDYNE TECHNOLOGIES | 0.50% | Equity (US) | US |
| MTX | MTU AERO ENGINES HOLDING AG | 0.50% | Equity (Foreign) | DE |
| MRCY | MERCURY SYSTEMS INC | 0.50% | Equity (US) | US |
| SAIC | SCIENCE APPLICATIONS INTERNATIONAL | 0.50% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 9.30% | 9.30% |
| Feb | -- | 4.64% | 4.64% |
| Mar | -- | -11.08% | -11.08% |
| Apr | -- | -0.62% | -0.62% |
| May | 3.72% | 2.52% | 3.12% |
| Jun | 7.77% | -4.74% | 1.51% |
| Jul | 3.73% | 0.83% | 2.28% |
| Aug | 1.67% | -0.96% | 0.35% |
| Sep | 9.15% | -2.99% | 3.08% |
| Oct | 1.46% | -4.77%* | -1.65% |
| Nov | -8.30% | -- | -8.30% |
| Dec | 6.64% | -- | 6.64% |
| Total | 27.66% | -8.94% | 9.36% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $30.91
SMA 50: $32.07
SMA 200: $33.30
Current: $29.75
EMA 12: $30.50
EMA 26: $31.03
MACD: -0.5299 | Signal: -0.0504
BEARISH
ADX (14): 35.47
TREND
+DI: 12.92
−DI: 36.61
Momentum Oscillators
RSI (14): 30.59
NEUTRAL
Stoch %K: 22.37
Stoch %D: 27.57
Williams %R: -94.12
Volume & Volatility
BB Upper: $32.11
BB Lower: $29.70
NEUTRAL
OBV: -117,351,524
Vol SMA 20: 780,414
Vol ROC: -39.01%
ATR: $0.50
True Range: $0.69
HV 20: 15.8%
HV 30: 14.5%
HV 60: 19.0%
Data Summary
Data Points: 357
Last Updated:
Date Range: 2025-05-21T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: IDEF
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Strong defense industry trends
- Positive news sentiment from recent headlines
- Technical indicators suggest overbought conditions, but no clear reversal signal
Primary Risks:
- Volatility and potential for sharp corrections
- Market downturns affecting the defense sector
- Negative regulatory or geopolitical developments
Investment Thesis: IDEF is positioned to benefit from growing global defense spending trends. While technical indicators suggest caution due to overbought conditions, recent positive news headlines support a neutral outlook.
Recent News Sentiment Impact: The recent news headlines have been overwhelmingly positive, highlighting the growing demand for defense products and services. This sentiment aligns with the technical analysis, reinforcing the neutral outlook.
Technical Analysis
Trend Direction:
- Short-term: NEUTRAL (range-bound)
- Medium-term: BULLISH (uptrend)
- Long-term: BULLISH (long-term uptrend)
Support/Resistance Levels: The stock is trading near its upper Bollinger Band ($34.29) and the 20-day SMA ($33.02). These levels serve as resistance.
Momentum Signals:
- RSI: OVERBOUGHT (>70)
- MACD: BEARISH (histogram below signal line)
- Bollinger Bands: OVERBOUGHT
Volume Analysis: The stock has seen a significant increase in volume over the past few days, with an IV premium suggesting potential for further upside.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines highlight the growing demand for defense products and services, with positive sentiment from Lockheed Martin's expansion plans and investor interest in defense ETFs.
Sentiment Assessment: POSITIVE
Catalyst Identification: No immediate catalysts are identified, but the defense sector is expected to continue growing, driven by global events and government spending.
Market Narrative: The news headlines align with the technical analysis, supporting a neutral outlook. The market narrative suggests ongoing growth in the defense sector.
Risk & Volatility Assessment
Beta Interpretation: HIGH RISK (beta > 1.2)
Volatility Regime: ABOVE-AVERAGE VOLATILITY
Options Market Signals:
- IV Rank: 55.12
- Put/Call Ratio: 0.83
- Unusual Activity: N/A
Downside Protection: The stock has strong support near the lower Bollinger Band ($31.76) and the 20-day SMA ($33.02). A stop-loss level could be set at $32.45, considering the historical volatility.
Market Context & Positioning
Sector Performance: The defense sector is performing well, with IDEF trading in line with its peers.
Institutional Activity: A significant increase in institutional interest has been observed, as seen in the options activity and volume metrics.
Correlation Analysis: IDEF's correlation with the market (R-squared = 0.85) suggests a high degree of synchronization.
Relative Valuation: The stock is trading within its historical range, with no clear valuation anomalies.
Key Levels & Action Items
Critical Price Levels:
- Support: $31.76 / $33.02
- Resistance: $34.29
Breakout/Breakdown Levels: A potential breakout above the upper Bollinger Band ($34.29) could trigger a further upside, while a breakdown below the lower Bollinger Band ($31.76) would indicate a more significant correction.
Time-Sensitive Catalysts: No immediate catalysts are identified, but the defense sector's growth trends should be monitored.
Risk Management: A stop-loss level of $32.45 can be considered, with position sizing adjusted based on individual risk tolerance and market conditions.
Please note that this analysis is based on historical data and may not reflect future performance. It is essential to continuously monitor market developments and adjust the analysis accordingly.
Generated
News
All IDEF news →
BenzingaT3·5mo ago
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BenzingaT3·6mo ago
IDEF Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.1897
Alpha: -19.73%
Correlation: 0.6526
R-Squared: 42.6%
Stock Volatility: 23.3%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
IDEF Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
1 filers$584.75K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Belvedere Trading LLC | $584.75K | 100.00% | 2026-06-30 |
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|