National Defense ETF (512670) Rises 2.80% Intraday with Expanded Trading Volume, Boasting Excellent Long-Term Returns

NewTimeSpace News, as of 13:07 on January 22, 2026, the CSI National Defense Index (399973) surged 2.93%. Component stocks performed strongly: Triangle Defense rose 18.02%, Advanced Technology & Materials Co., Ltd. climbed 11.20%, Western Materials increased by 10.00%, while other stocks such as Zhongjian Technology and Aerospace Electronics followed suit. The National Defense ETF (512670) rose 2.80% to a latest price of 1.03 yuan. Over a longer period, as of January 21, 2026, the ETF has accumulated a 5.38% increase in the past two weeks. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

In terms of liquidity, the ETF recorded an intraday turnover rate of 5.29% with a trading volume of 159 million yuan. Looking back, as of January 21, its average daily trading volume in the past month was 299 million yuan.

Regarding scale, the latest size of the National Defense ETF reached 2.923 billion yuan. (Data source: Wind)

Data shows that leveraged funds have been continuously increasing positions. The ETF’s latest margin purchase amount was 10.7545 million yuan, and the outstanding margin balance stood at 50.3931 million yuan. (Data source: Wind)

As of January 21, the ETF’s net value has risen 71.88% in the past two years. In terms of profitability, as of January 21, 2026, since its establishment, the ETF has achieved a maximum monthly return of 29.21%, the longest consecutive monthly gain period of 5 months with a cumulative increase of 58.33%, and an average return of 8.07% in rising months. Additionally, its annualized excess return over the benchmark since inception was 1.63%.

As of January 16, 2026, the ETF’s Sharpe ratio over the past year was 1.71.

In terms of drawdown, as of January 21, 2026, the ETF’s maximum drawdown since the start of the year was 8.40%, with a relative drawdown against the benchmark of 0.24%.

Regarding fees, the ETF’s management fee rate is 0.30% and the custodian fee rate is 0.10%.

In terms of tracking accuracy, as of January 21, 2026, the ETF’s tracking error over the past six months was 0.034%.

The National Defense ETF closely tracks the CSI National Defense Index, which selects listed company securities affiliated to China’s top ten military-industrial groups, as well as those of relevant listed companies that provide weapons and equipment for the national armed forces, or have actual equipment manufacturing and sales volume or signed contracts with the military. The index reflects the overall performance of listed securities in the national defense industry.

Data shows that as of December 31, 2025, the top ten constituent stocks of the CSI National Defense Index (399973) by weight were: Aerospace Electronics, AECC Engine Power Co., Ltd., AVIC Shenfei Co., Ltd., AVIC Optoelectronics Technology Co., Ltd., Feilihua Quartz Glass Co., Ltd., Raytron Technology Co., Ltd., AVIC Xi’an Aircraft Industry Group Co., Ltd., Western Superconducting Technologies Co., Ltd., AVIC Avionics Co., Ltd., and Haige Communications Group Co., Ltd. The combined weight of these top ten stocks accounted for 42.34%. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

DFZQ stated that for the current year’s layout, following the implementation of the “15th Five-Year Plan”, attention should be paid to new quality productive forces represented by unmanned and counter-unmanned equipment, deep-sea technology, and combat informatization. In the medium and long term, focus on the broad development space of military-industrial enterprises in civil aircraft engine and gas turbine businesses as well as commercial aerospace, and the expansion of the military trade market driven by the accelerated overseas expansion of Chinese high-end equipment. Civil and military trade are expected to become the second growth engine of the sector.

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