XR ETF: Defense and Aerospace with AI Tailwinds

3 months ago

Vic Letterman

"So, the last one that I want to tell you about is a bit of an oddball. This is the Spyder, it's another sector ETF. It's the defense and aerospace or aerospace and defense ETF XR. And the reason that I want to mention that is because right now everybody's talking about tech. They're trying to find tech names and they're, you know, looking for the greatest opportunities. And I want to make sure that people remember that there's a lot of tech that isn't labeled tech, right? Let's talk about returns for this aerospace and defense ETF. What kind of returns are we seeing so far? And what's the potential for returns in the sector? Yeah, so you're going to love this. XR is currently up 46% this year. And like we talked about, that includes some heavyweight names in the industry as well as some of those smaller names. In fact, I believe the last time I checked the Power Gauge there were no bearish names inside this ETF."

The speaker introduces the Spyder Aerospace and Defense ETF (XR) as a nontraditional tech play, emphasizing its exposure to defense and aerospace technologies driven by AI and increased government spending. With an impressive 46% year-to-date return and a mix of heavyweight and smaller names, XR offers exposure to tech innovation outside of conventional sectors.

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