WTEUDFWisdomTree Europe Defense IndexThe WisdomTree Europe Defense Index tracks companies that are domiciled and listed in developed European markets and generate at least 10% of their revenue from defense-related activities, such as military hardware, electronics, propulsion, and space or cyber-defense systems. Eligible constituents must have a minimum free-float market capitalization of USD 300 million and an average three-month daily trading volume of at least USD 2 million. Each company is assigned an “Exposure Score” of 1 to 3, based on the percentage of revenue derived from defense: 10–25% earns a score of 1, 25–50% earns a 2, and more than 50% earns a 3. The index targets a minimum of 20 constituents. If fewer than 20 companies meet the criteria, the revenue threshold is relaxed in 1% increments—never going below 5%—until the minimum count is achieved. At each semi-annual rebalance (in March and September), constituents are weighted by free-float market cap multiplied by their exposure score, with weight caps of 12.5% for Exposure Score 3 names and 7.5% for all others.
The WisdomTree Europe Defense Index tracks companies that are domiciled and listed in developed European markets and generate at least 10% of their revenue from defense-related activities, such as military hardware, electronics, propulsion, and space or cyber-defense systems. Eligible constituents must have a minimum free-float market capitalization of USD 300 million and an average three-month daily trading volume of at least USD 2 million. Each company is assigned an “Exposure Score” of 1 to 3, based on the percentage of revenue derived from defense: 10–25% earns a score of 1, 25–50% earns a 2, and more than 50% earns a 3. The index targets a minimum of 20 constituents. If fewer than 20 companies meet the criteria, the revenue threshold is relaxed in 1% increments—never going below 5%—until the minimum count is achieved. At each semi-annual rebalance (in March and September), constituents are weighted by free-float market cap multiplied by their exposure score, with weight caps of 12.5% for Exposure Score 3 names and 7.5% for all others.
Index Facts | As of 11/6/2026 |
|---|---|
| Bloomberg Index Symbol | WTEUDF |
| Exchange Index Symbol | - |
| Index Inception Date | 2/28/2025 |
| Base Index Value | - |
| Number of Components in Index | 42 |
| Current Index Value | - |
| Total Return Index Closing Value | 0.00 |
| Total Index Market Capitalization ($ Trillion) | 0.85 |
| Index MarketCap Breakdown | |
| Large Cap (> $10 Billion) | 68.12% |
| Mid Cap (≥ $2 Billion and ≤ $10 Billion) | 25.54% |
| Small Cap (< $2 Billion) | 6.33% |
Index Statistics | As of 11/6/2026 |
|---|---|
| Dividend Yield | 1.23% |
| Price/Earnings | 30.23 |
| Estimated Price/Earnings | 23.16 |
| Price/Book | 5.09 |
| Price/Sales | 2.05 |
| Price/Cash Flow | 15.31 |
| Gross Buyback Yield | 0.98% |
| Net Buyback Yield | -0.65% |
Growth of Hypothetical 10K
Top Components
As of 11/6/2026
Name | Weight (%) |
|---|---|
| Bae Systems | 10.07 |
| Thales. | 10.03 |
| Rheinmetall | 8.14 |
| Saab Ab Ordinary Shares -Class B | 5.99 |
| Leonardo Spa Shs | 5.36 |
| Kongsberg Gruppen | 5.25 |
| Dassault Aviation | 4.78 |
| Airbus Se Shs | 4.65 |
| Safran Sa Act | 4.25 |
| Rolls-Royce Holdings Plc Common Stock | 4.21 |
| Remaining Portfolio | 37.25 |
*Holdings are subject to change without notice.
Industry Group Breakdown
As of 11/6/2026
Name | Weight (%) |
|---|---|
Capital Goods | 92.42 |
Software & Services | 4.79 |
Commercial & Professional Services | 1.32 |
Other | 0.5 |
Media & Entertainment | 0.41 |
Technology Hardware & Equipment | 0.33 |
Telecommunication Services | 0.23 |
*Sectors are subject to change without notice
Country Allocations | Weight |
|---|---|
| France | 27.21% |
| United Kingdom | 26.94% |
| Germany | 17.10% |
| Sweden | 7.35% |
| Italy | 7.26% |
| Norway | 6.48% |
| Spain | 4.12% |
| Netherlands | 1.26% |
| Other | 1.24% |
| Finland | 0.68% |
Documents
Definitions
- Index Dividend Yield is a measure of the annual dividends of the shares of all Index components divided by the Index value.
- Price/Book Ratio is a ratio used to compare a stock's market value to its book value.
- Price/Earnings Ratio is a valuation ratio of a company's current share price compared to its per-share earnings.
- Estimated Price/Earnings is a valuation ratio of a company's current share price compared to the consensus estimates for per-share earnings over the next 12 months.
- Price/Cash Flow Ratio is a measure of the market's expectations of a firm's future financial health.
- Price/Sales Ratio is a ratio for valuing a stock relative to its own past performance, other companies or the market itself.
- Total Return Index Values assume reinvestment of dividends after the deduction of withholding taxes, which apply to non-U.S. dividends.
- Gross Buyback Yield is the amount of a company’s gross share repurchase over the past year to its market capitalization.
- Net Buyback Yield is the amount of a company’s net share repurchase over the past year to its market capitalization.
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