Sharp Pullback After Surging to New Highs, Guotai CSI Military Industry ETF(512660) Drops Over 7% in Morning Trading

NewTimeSpace News - As of 10:38 on January 13, 2026, Military Industry ETF (512660) fell 7.13%, with the latest quote at 1.56 yuan. Over a longer timeframe, as of January 12, 2026, Military Industry ETF accumulated a 19.55% gain over the past week, ranking 1st out of 4 comparable funds. (The stocks listed above are index constituents only and do not constitute specific recommendations.)

In terms of liquidity, Military Industry ETF recorded an intraday turnover rate of 7.28% and trading volume of 876 million yuan. Over a longer period, as of January 12, its average daily trading volume reached 927 million yuan over the past week, ranking first among comparable funds.

Scale-wise, Military Industry ETF's size grew 1.418 billion yuan over the past week, achieving significant growth and ranking 1st out of 4 comparable funds in new scale increase. (Data source: Wind)

Data shows leveraged funds continue to build positions. Military Industry ETF's previous day net margin purchase reached 20.1891 million yuan, with the latest margin balance at 239 million yuan. (Data source: Wind)

As of January 12, Military Industry ETF's NAV rose 86.13% over the past two years, ranking 460th out of 2,510 index stock funds (top 18.33%). In terms of return capability, as of January 12, 2026, since its inception, the ETF's highest monthly return was 29.41%, longest consecutive up months was 4, longest consecutive gain was 40.42%, and average return in up months was 6.74%. As of January 12, 2026, its excess return over benchmark since inception was 1.52% annualized.

As of January 9, 2026, Military Industry ETF's Sharpe ratio for the past year stood at 1.99.

On drawdowns, as of January 12, 2026, Military Industry ETF's year-to-date maximum drawdown was 0.70%, with a relative benchmark drawdown of 0.07%, indicating lower drawdown risk among comparable funds. The recovery period after drawdown was 1 day, indicating the fastest recovery after drawdown among comparable funds.

In terms of fees, Military Industry ETF charges a management fee of 0.50% and a custody fee of 0.10%, the lowest among comparable funds.

Regarding tracking accuracy, as of January 12, 2026, Military Industry ETF's two-year tracking error was 0.014%, the highest tracking precision among comparable funds.

Military Industry ETF closely tracks the CSI Military Industry Index. The CSI Military Industry Index selects listed securities of companies controlled by the top ten military-industrial groups whose main business is related to the military industry, as well as other representative listed securities whose main business is in the military industry, as index samples to reflect the overall performance of military industry companies.

CITIC Construction Investment stated that the defense and military industry, as a hardcore support for national security, possesses strong policy-driven characteristics and long-term certainty, with continuous advancement in equipment modernization and information upgrades. The industry focuses on developing key areas such as high-end radar, satellite communications, and unmanned combat systems, with leading enterprises benefiting from accelerated equipment deployment and deepened domestic substitution, forming a dual-wheel drive of security premium and performance. As an important component of the defense and military industry, the aviation equipment sector has a low-altitude economy scale expected to exceed 1.5 trillion yuan, demonstrating counter-cyclical defensive characteristics and strategic allocation value.

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