Do AMMO and AV hold the same stocks?

By their latest filings, 11% of their books are the same securities at the same weight. 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 17% of its weight in S&P 500 names and AV has 67%, 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.

Data as of Nov 4, 2026.

Thematic ETFs

AMMO vs AV: Holdings Overlap & Returns

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AMMO and AV hold 11% of their weight in the same names.

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Net assets on Nov 4, 2026: $2.4m for VistaShares Defense Supercycle ETF and $800,703 for Corgi Aerospace & Commercial Aviation ETF.

AMMO on its own →AV on its own →

At a glance

17.4%

AMMO in the S&P 500

67.0%

AV in the S&P 500

−10.6%

AMMO total return, since launch, Jul 16, 2026

+1.0%

AV total return, 6 months

AMMO · 3 months to Nov 4, 2026 83% of its weight is outside the S&P 500

17% of AMMO's weight is in S&P 500 companies and 83% is outside the index. Holdings as of Nov 4, 2026.

AV · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500

67% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

AV costs 0.40 points a year less.

AMMO vs AV: Holdings Overlap & Returns
Measure	AMMO	AV
Drawdown
Measure	AMMO	AV
Below its all-time high	23.7%, high on Aug 14, 2026	10.0%, high on Aug 5, 2026
Benchmark
Measure	AMMO	AV
What it tracks	Defense	Defense
Cost and size
Measure	AMMO	AV
Expense ratio	0.75%	0.35%
Net assets	$2.4m	$800,703
Holdings
Measure	AMMO	AV
Holdings in common	11%

Method

What they share

11%

By the books each fund has filed, AMMO and AV hold 11% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first AMMO AV

TransDigm Group Inc 2.76% 3.65%

Woodward Inc 2.37% 1.96%

RTX Corp 1.59% 9.81%

Carpenter Technology Corp 1.32% 1.31%

Moog Inc 2.07% 1.22%

Howmet Aerospace Inc 0.87% 4.16%

CAE Inc 0.68% 0.94%

Ducommun Inc 2.27% 0.59%

Only in one fund ↓

Only in AMMO

Mildef Group AB 4.50%

Rheinmetall AG 4.09%

Kitron ASA 3.66%

Palantir Technologies Inc 3.42%

Cohort PLC 3.37%

Chemring Group PLC 3.20%

LIG Defense&Aerospace Co Ltd 3.12%

L3Harris Technologies Inc 2.94%

Only in AV

GE AEROSPACE 10.86%

General Dynamics Corp 5.47%

Lockheed Martin Corp 5.35%

United Parcel Service Inc 4.45%

Northrop Grumman Corp 4.33%

Delta Air Lines Inc 4.01%

FedEx Corp 3.70%

Boeing Co 3.45%

Check overlap with more funds →

Window by window

Window by window: AMMO vs AV: Holdings Overlap & Returns
	Total return
Window	AMMO	AV
3 months	−19.6%	−10.0%
6 months	–	+1.0%
Since launchNot the same days: AMMO Jul 2026 · AV May 2026	−10.6%	+1.0%

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Side by side

AMMO VistaShares Defense Supercycle ETF · Holds 53 stocks in defense, 17% of its weight in S&P 500 companies AV Corgi Aerospace & Commercial Aviation ETF · Holds 39 stocks in defense, 67% of its weight in S&P 500 companies

Issuer VistaShares Corgi

Theme Defense Defense

In the S&P 500 17.4% 67.0%

Active share vs the S&P 500 98.6% 97.6%

In the Nasdaq-100 4.9% 0.0%

Holdings 53 39

Top ten, share of the fund 33.8% 55.8%

Expense ratio 0.75% 0.35%

Fee for the differing part 0.76% 0.36%

Total return, 1 year −10.6% (since launch, Jul 16, 2026) +1.0% (since launch, May 6, 2026)

vs its benchmark not measured not measured

Below its high −23.7% −10.0%

Net assets $2.4m $800,703

As of Nov 4, 2026. Source: ETFIQ.

11% of the two portfolios are the same securities at the same weight.

Alert

About each fund

AMMO

By weight, 17% 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 34% of the fund across 53 positions, as published by its issuer for Nov 4, 2026. Since it first traded on Jul 16, 2026 the fund returned −10.6% with distributions reinvested. It sits 23.7% below its all-time high of Aug 14, 2026.

By weight, 67% 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 39 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +1.0% with distributions reinvested. It sits 10.0% below its all-time high of Aug 5, 2026.

Questions people ask

Do AMMO and AV hold the same stocks?: By their latest filings, 11% of their books are the same securities at the same weight. 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 17% of its weight in S&P 500 names and AV has 67%, 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

AMMO vs WR AMMO vs ARMY AMMO vs WDEF AMMO vs NATO AV vs DUTY AV vs XDEF AV vs WDGF AV vs WR

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AMMO on its own →AV on its own →AMMO holdings →AV holdings →Method →Standards and sources →

Sources and dates

AMMO filings on SEC EDGAR ↗

AMMO prospectus with the expense ratio (SEC) ↗

VistaShares page for AMMO ↗

AV filings on SEC EDGAR ↗

AV prospectus with the expense ratio (SEC) ↗

Corgi website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, AMMO against AV, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ammo-vs-av

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.