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$DEFN
Defense Supercycle
Primes, shipbuilders and the software that runs modern militaries.
Macro & hedgesVersion 12x points
- Made by
- Kickback (house)
- Builder fee
- None
Backtested return
-1.79%
This index -1.79%S&P 500 +0.42%
- CAGR
- -
- Volatility
- 23.8%
- Max drawdown
- -16.2%
- Sharpe
- -
- Best day
- +4.5%
- Worst day
- -5.5%
Allocation
8 assets
Why these holdings
Defense budgets are rising across NATO and the Pacific. Contract dollars flow to the primes first, then to the software layer.
What can go wrong
- Ondo holdings fill only during US market hours.
- Budget politics.
Versions
- v1
Launched
Oct 31, 2026