"15th Five-Year Plan" Expectations Heat Up, National Defense ETF(512670) Rises 1.66% Intraday

NewTimeSpace News: As of 14:55 on January 27, 2026, the CSI National Defense Index (399973) surged 2.31%. Among its constituent stocks, Triangle Defense rose 10.95%, Tunan Special Alloy climbed 10.42%, Aero Engine Corporation of China (AECC) Power advanced 10.00%, while AECC Control, Aviation Materials Corporation and other individual stocks followed the upward trend. The National Defense ETF (512670) rose 1.66% to a latest price of RMB1.04. Over a longer period, as of January 26, 2026, the ETF has accumulated a 16.35% increase in the past month. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

In terms of liquidity, the intraday turnover rate of the National Defense ETF was 5.81% with a trading volume of RMB163 million. Over the longer term, as of January 26, the average daily turnover of the ETF in the past month reached RMB302 million.

In terms of scale, the latest size of the National Defense ETF reached RMB2.783 billion. (Data source: Wind)

Data shows that leveraged funds are continuing to increase positions. The latest financing purchase amount of the National Defense ETF reached RMB8.8182 million, and the latest financing balance stood at RMB46.5348 million. (Data source: Wind)

As of January 26, the net value of the National Defense ETF has risen 74.76% over the past two years. In terms of profitability, as of January 26, 2026, since its establishment, the ETF has achieved a maximum monthly return of 29.21%, the longest consecutive rising period of 5 months with a cumulative increase of 58.33%, and an average yield of 8.07% in rising months. As of January 26, 2026, the annualized return of the National Defense ETF exceeding the benchmark since its establishment was 1.62%.

As of January 23, 2026, the Sharpe ratio of the National Defense ETF over the past year was 1.80.

In terms of drawdown, as of January 26, 2026, the maximum drawdown of the National Defense ETF since the beginning of this year was 8.40%, with a relative benchmark drawdown of 0.26%.

In terms of 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 26, 2026, the tracking error of the National Defense ETF in the past six months was 0.035%.

The National Defense ETF closely tracks the CSI National Defense Index. This index selects securities of listed companies affiliated to the top ten military industrial groups, as well as securities of relevant listed companies that provide weapons and equipment for the national armed forces, or have actual equipment manufacturing and sales amounts or signed contracts with the military, as index samples to reflect the overall performance of securities of listed companies in the national defense industry.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the CSI National Defense Index (399973) were Aerospace Electronics, AECC Power, AVIC Shenyang Aircraft, AVIC Optoelectronics, Feilihua Quartz Glass, Raytron Technology, AVIC Xi'an Aircraft, Western Superconducting Technologies, AVIC Onboard Systems, and Haige Communications, with the top 10 stocks accounting for 42.34% of the total weight. (The stocks listed above are only index constituents and do not constitute specific recommendations.)

DFZQ stated that the "14th Five-Year Plan" has begun, and the equipment construction plan for the new phase will be clarified soon. The military industry sector is experiencing resonance between domestic and foreign demand, highlighting its allocation value. Looking ahead to this year, after the implementation of the "14th 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 enterprises in civil aircraft engine and gas turbine business and commercial aerospace, as well as 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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