Do AMMO and ITA hold the same stocks?

By their latest filings, 17% 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 ITA?

AMMO has 17% of its weight in S&P 500 names and ITA has 81%, so AMMO differs more from the index.

Which is cheaper, AMMO or ITA?

AMMO charges 0.75% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AMMO vs ITA: Holdings Overlap & Returns

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AMMO and ITA hold 17% 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 $12.2bn for iShares U.S. Aerospace & Defense ETF.

AMMO on its own →ITA on its own →

At a glance

17.4%

AMMO in the S&P 500

80.8%

ITA in the S&P 500

−10.6%

AMMO total return, since launch, Jul 16, 2026

+0.8%

ITA 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.

ITA · 1 year to Nov 4, 2026 19% of its weight is outside the S&P 500

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ITA costs 0.38 points a year less; ITA is far larger, $12.2bn against $2.4m.

AMMO vs ITA: Holdings Overlap & Returns
Measure	AMMO	ITA
Return
Measure	AMMO	ITA
Total return, 1 year	not published	+0.8%
Drawdown
Measure	AMMO	ITA
Below its all-time high	23.7%, high on Aug 14, 2026	15.8%, high on Aug 14, 2026
Benchmark
Measure	AMMO	ITA
What it tracks	Defense	Defense
Cost and size
Measure	AMMO	ITA
Expense ratio	0.75%	0.37%
Net assets	$2.4m	$12.2bn
Holdings
Measure	AMMO	ITA
Holdings in common	17%

Method

What they share

17%

By the books each fund has filed, AMMO and ITA hold 17% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

17% in common

Positions both hold · largest shared weight first AMMO ITA

L3Harris Technologies Inc 2.94% 3.85%

TransDigm Group Inc 2.76% 4.87%

RTX Corp 1.59% 17.02%

Rocket Lab Corp 1.47% 2.23%

Woodward Inc 2.37% 1.46%

Curtiss-Wright Corp 1.64% 1.37%

Carpenter Technology Corp 1.32% 1.09%

BWX Technologies Inc 1.43% 0.90%

Howmet Aerospace Inc 0.87% 4.35%

Moog Inc 2.07% 0.76%

Kratos Defense & Security Solutions Inc 1.82% 0.57%

Karman Holdings Inc 1.25% 0.37%

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%

Hensoldt AG 2.69%

Only in ITA

GE AEROSPACE 20.61%

BOEING 6.68%

LOCKHEED MARTIN 5.53%

NORTHROP GRUMMAN CORP 4.84%

GENERAL DYNAMICS CORP 4.82%

HONEYWELL AEROSPACE INC 3.71%

AXON ENTERPRISE 2.52%

ATI 1.83%

Check overlap with more funds →

Window by window

Window by window: AMMO vs ITA: Holdings Overlap & Returns
	Total return
Window	AMMO	ITA
3 months	−19.6%	−15.5%
6 months	–	−4.6%
1 year	–	+0.8%
3 years	–	+91.7%
Since launchNot the same days: AMMO Jul 2026 · ITA May 2006	−10.6%	+916.6%

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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 ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies

Issuer VistaShares iShares

Theme Defense Defense

In the S&P 500 17.4% 80.8%

Active share vs the S&P 500 98.6% 97.7%

In the Nasdaq-100 4.9% 8.5%

Holdings 53 51

Top ten, share of the fund 33.8% 76.3%

Expense ratio 0.75% 0.37%

Fee for the differing part 0.76% 0.38%

Total return, 1 year −10.6% (since launch, Jul 16, 2026) +0.8%

vs its benchmark not measured not measured

Below its high −23.7% −15.8%

Net assets $2.4m $12.2bn

As of Nov 4, 2026. Source: ETFIQ.

17% 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.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +0.8% with distributions reinvested. It sits 15.8% below its all-time high of Aug 14, 2026.

Questions people ask

Do AMMO and ITA hold the same stocks?: By their latest filings, 17% 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 ITA?: AMMO has 17% of its weight in S&P 500 names and ITA has 81%, so AMMO differs more from the index.
Which is cheaper, AMMO or ITA?: AMMO charges 0.75% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMMO vs IDEF AMMO vs TSSD AMMO vs WDGF AMMO vs XDEF ITA vs DUTY ITA vs XDEF ITA vs WDGF ITA 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 →ITA on its own →AMMO holdings →ITA dividend history →ITA holdings →Method →Standards and sources →

Sources and dates

AMMO filings on SEC EDGAR ↗

AMMO prospectus with the expense ratio (SEC) ↗

VistaShares page for AMMO ↗

ITA filings on SEC EDGAR ↗

ITA prospectus with the expense ratio (SEC) ↗

iShares page for ITA ↗

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 ITA, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ammo-vs-ita

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