NewTimeSpace News, as of 09:47 on 27 January 2026, the GF Defense ETF (512680) has added 0.46% to 1.55 yuan. Over the past month ended 26 January 2026 the fund has rallied 12.76%. (The stocks cited are index constituents only and do not constitute any recommendation.)

Liquidity: intraday turnover is 0.56% with 33.22 million yuan traded; the average daily turnover over the past month is 192 million yuan.

Size: the ETF's asset base has grown 2.439 billion yuan over the past year, the largest increase among four comparable funds. (Source: Wind)

Shares: outstanding units have increased 382 million over the past year, the second-largest increase among four peer funds. (Source: Wind)

Margin: the fund has recorded three consecutive days of net margin purchases, the largest single-day amount being 5.64 million yuan, bringing the outstanding margin balance to 28.60 million yuan. (Source: Wind)

Performance: net value has risen 20.53% over the past five years. Since inception the best monthly return is 29.40%, the longest winning streak is four consecutive months with a cumulative 40.40% gain, and the average return in up months is 6.88%. Annualised out-performance versus the benchmark since inception is 1.42%.

Risk metrics: one-year Sharpe ratio is 1.87 as of 23 January 2026; year-to-date draw-down relative to the benchmark is 0.04%, the smallest among comparable funds.

Fees: management fee 0.50%, custody fee 0.10%, the lowest in the peer group.

Tracking: three-month tracking error is 0.006%, the smallest among peer funds. The ETF replicates the CSI Defense Index, which comprises listed companies controlled by China's top ten defense conglomerates plus other representative defense-related firms to reflect the overall performance of the domestic defense industry.

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