Data as of .
AMMO vs AV: which is really different?
AMMO and AV hold 10% of their weight in the same names.
ETFIQ Off-Index Score: AMMO scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
10% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AMMO and AV hold 10% of their money in the same securities at the same weight.
| Holding | AMMO | AV |
|---|---|---|
| TransDigm Group Inc | 2.20% | 3.37% |
| Woodward Inc | 2.09% | 2.00% |
| Carpenter Technology Corp | 1.66% | 1.90% |
| Moog Inc | 2.07% | 1.41% |
| CAE Inc | 0.95% | 0.84% |
| Howmet Aerospace Inc | 0.84% | 4.63% |
| Ducommun Inc | 2.16% | 0.64% |
| Only in AMMO | Only in AV |
|---|---|
| LIG Defense&Aerospace Co Ltd 4.80% | GE AEROSPACE 10.74% |
| Mildef Group AB 3.78% | RTX Corp 9.94% |
| Rheinmetall AG 3.76% | General Dynamics Corp 5.48% |
| Kitron ASA 3.50% | Lockheed Martin Corp 4.97% |
| Palantir Technologies Inc 3.17% | Northrop Grumman Corp 4.50% |
| MP Materials Corp 3.05% | Boeing Co/The 4.00% |
| Chemring Group PLC 2.76% | United Parcel Service Inc 4.00% |
| Cohort PLC 2.76% | Delta Air Lines Inc 3.71% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AMMO | AV | AMMO | AV | AMMO | AV | |
| 3 months | not published | −9.0% | not published | −11.3 pts | not published | −6.5 pts |
| Since launch | +0.9% | −2.4% | −0.8 pts | −6.7 pts | −1.3 pts | −6.2 pts |
| AMMO VistaShares Defense Supercycle ETF Holds 52 stocks in defense, 13% of its weight in S&P 500 companies | AV Corgi Aerospace & Commercial Aviation ETF Holds 40 stocks in defense, 66% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | VistaShares | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 12.6% | 66.3% |
| Active share vs the S&P 500 | 99.1% | 97.6% |
| In the Nasdaq-100 | 3.2% | 0.0% |
| Holdings | 52 | 40 |
| Top ten, share of the fund | 32.6% | 55.5% |
| Expense ratio | 0.75% | 0.35% |
| Fee for the differing part | 0.76% | 0.36% |
| Total return, 1 year | +0.9% (since launch on Jul 16, 2026) | −2.4% (since launch on May 6, 2026) |
| vs the S&P 500 | −0.8 pts | −6.7 pts |
| vs the Nasdaq-100 | −1.3 pts | −6.2 pts |
| Below its high | −14.0% | −13.0% |
| Net assets | $3m | $773,395 |
AMMO in plain words
By weight, 13% of AMMO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 33% of the fund across 52 positions, as published by its issuer for Sep 21, 2026. Since it launched on Jul 16, 2026 the fund returned +0.9% with distributions reinvested against +1.7% for the S&P 500, so a holder was behind by 0.8 pts. It sits 14.0% below its all-time high of Aug 14, 2026.
AV in plain words
By weight, 66% of AV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 56% of the fund across 40 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned −2.4% with distributions reinvested against +4.3% for the S&P 500, so a holder was behind by 6.7 pts. It sits 13.0% below its all-time high of Aug 5, 2026.
Questions people ask
- Do AMMO and AV hold the same stocks?
- By their latest filings, 10% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, AMMO or AV?
- AMMO has 13% of its weight in S&P 500 names and AV has 66%, so AMMO differs more from the index.
- Which is cheaper, AMMO or AV?
- AMMO charges 0.75% a year and AV charges 0.35%, so AV is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AMMO against AV, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ammo-vs-av Free to use with attribution; the underlying files are at Open data.