Aerospace and defense sector-related exchange traded funds have avoided the brunt of the sell-off in U.S. equities this year.
Year-to-date, the iShares U.S. Aerospace & Defense ETF (BATS: ITA) dipped 1.3% and Invesco Aerospace & Defense ETF [PPA] dropped 1.3%. In comparison, the S&P 500 was down 13.3% so far this year.
The defense sector has strengthened on increased demand in response to Russia’s longer-than-expected war in Ukraine and the growing risks posed by China’s ambitions. Consequently, the ongoing geopolitical risks have fueled support for greater defense spending in the U.S. and Europe.
The post Aerospace & Defense ETFs Have Been Relatively Insulated from the Broader Sell Off appeared first on ETF Trends.