Do AMMO and EUAD hold the same stocks?

By their latest filings, 10% 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 EUAD?

AMMO has 17% of its weight in S&P 500 names and EUAD has 0%, so EUAD differs more from the index.

Which is cheaper, AMMO or EUAD?

AMMO charges 0.75% a year and EUAD charges 0.50%, so EUAD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AMMO vs EUAD: Holdings Overlap & Returns

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AMMO and EUAD hold 10% of their weight in the same names.

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Net assets: $2.4m on Nov 4, 2026 for VistaShares Defense Supercycle ETF, and $1.1bn on Aug 31, 2026 for Select STOXX Europe Aerospace & Defense ETF.

AMMO on its own →EUAD on its own →

At a glance

17.4%

AMMO in the S&P 500

0.0%

EUAD in the S&P 500

−10.6%

AMMO total return, since launch, Jul 16, 2026

−8.0%

EUAD total return, 1 year

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.

EUAD · 1 year to Nov 4, 2026 13 positions, 28% of its net assets

EUAD holds 13 positions, 28% of its net assets. Holdings as of Aug 31, 2026.

Pair scorecard

EUAD costs 0.25 points a year less.

AMMO vs EUAD: Holdings Overlap & Returns
Measure	AMMO	EUAD
Return
Measure	AMMO	EUAD
Total return, 1 year	not published	−8.0%
Drawdown
Measure	AMMO	EUAD
Below its all-time high	23.7%, high on Aug 14, 2026	16.7%, high on Jan 13, 2026
Benchmark
Measure	AMMO	EUAD
What it tracks	Defense	Defense
Cost and size
Measure	AMMO	EUAD
Expense ratio	0.75%	0.50%
Net assets, AMMO as of Nov 4, 2026 and EUAD as of Aug 31, 2026	$2.4m	$1.1bn
Holdings
Measure	AMMO	EUAD
Holdings in common	10%

Method

What they share

10%

By the books each fund has filed, AMMO and EUAD hold 10% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first AMMO EUAD

Saab AB 2.39% 2.75%

Hensoldt AG 2.69% 1.77%

Rheinmetall AG 4.09% 1.72%

Rolls-Royce Holdings PLC 1.52% 1.11%

MTU Aero Engines AG 1.05% 4.63%

Safran SA 1.04% 0.96%

Chemring Group PLC 3.20% 0.51%

Only in one fund ↓

Only in AMMO

Mildef Group AB 4.50%

Kitron ASA 3.66%

Palantir Technologies Inc 3.42%

Cohort PLC 3.37%

LIG Defense&Aerospace Co Ltd 3.12%

L3Harris Technologies Inc 2.94%

TransDigm Group Inc 2.76%

Elbit Systems Ltd 2.66%

Only in EUAD

Airbus SE 4.58%

Leonardo SpA 2.82%

Thales SA 2.49%

BAE Systems PLC 2.38%

Babcock International Group PLC 1.50%

QinetiQ Group PLC 0.77%

Check overlap with more funds →

Window by window

Window by window: AMMO vs EUAD: Holdings Overlap & Returns
	Total return
Window	AMMO	EUAD
3 months	−19.6%	−14.6%
6 months	–	−7.2%
1 year	–	−8.0%
Since launchNot the same days: AMMO Jul 2026 · EUAD Oct 2024	−10.6%	+60.5%

– means no data for this window. Open this comparison in the app →

Side by side

AMMO VistaShares Defense Supercycle ETF · Holds 53 stocks in defense, 17% of its weight in S&P 500 companies EUAD Select STOXX Europe Aerospace & Defense ETF · Holds 13 stocks in defense, 0% of its weight in S&P 500 companies

Issuer VistaShares Tuttle

Theme Defense Defense

In the S&P 500 17.4% 0.0%

Active share vs the S&P 500 98.6% 100.0%

In the Nasdaq-100 4.9% 0.0%

Holdings 53 13

Top ten, share of the fund 33.8% 25.8%

Expense ratio 0.75% 0.50%

Fee for the differing part 0.76% 0.50%

Total return, 1 year −10.6% (since launch, Jul 16, 2026) −8.0%

vs its benchmark not measured not measured

Below its high −23.7% −16.7%

Net assets, AMMO as of Nov 4, 2026 and EUAD as of Aug 31, 2026 $2.4m $1.1bn

As of Nov 4, 2026. Source: ETFIQ.

10% 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.

EUAD

By weight, 0% of EUAD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 26% of the fund across 13 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.0% with distributions reinvested. It sits 16.7% below its all-time high of Jan 13, 2026.

Questions people ask

Do AMMO and EUAD hold the same stocks?: By their latest filings, 10% 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 EUAD?: AMMO has 17% of its weight in S&P 500 names and EUAD has 0%, so EUAD differs more from the index.
Which is cheaper, AMMO or EUAD?: AMMO charges 0.75% a year and EUAD charges 0.50%, so EUAD is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMMO vs MISL AMMO vs IDEF AMMO vs XAR AMMO vs SHLD EUAD vs DUTY EUAD vs XDEF EUAD vs WDGF EUAD 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 →EUAD on its own →AMMO holdings →EUAD dividend history →EUAD holdings →Method →Standards and sources →

Sources and dates

AMMO filings on SEC EDGAR ↗

AMMO prospectus with the expense ratio (SEC) ↗

VistaShares page for AMMO ↗

EUAD filings on SEC EDGAR ↗

EUAD prospectus with the expense ratio (SEC) ↗

Tuttle 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.

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

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