PLUS Korea Defense Industry Index ETF (KDEF)
ARCA ARCA Primary 
KDEF: This Korean Defense Fund Is Unique, But Not Quite A Buy Today
The PLUS Korea Defense Industry Index ETF is a unique international aerospace and defense fund. The ETF seems relatively cheap compared to other industrial ETFs, given the solid fundamentals of the portfolio's underlying holdings. However, the fund's hyper-specific niche does cause it to face some idiosyncratic risks.
KDEF: Exciting Story, But Keep It On The Watchlist For Now
PLUS Korea Defense Industry Index ETF (KDEF) has outperformed peers, tripling in price since inception and delivering 1.5-1.9x higher returns than unleveraged Korean ETFs. KDEF targets South Korean defense stocks poised to benefit from rising global military spending, leveraging advanced manufacturing and rapid order fulfillment capabilities. Despite strong growth prospects, KDEF trades at a significant valuation premium (24x earnings, 10.1x cash flow) versus diversified peer EWY, with higher volatility and liquidity risks.
