Do AMMO and WDEF hold the same stocks?

By their latest filings, 23% 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 WDEF?

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

Which is cheaper, AMMO or WDEF?

AMMO charges 0.75% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AMMO vs WDEF: Holdings Overlap & Returns

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AMMO and WDEF hold 23% 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 $88m on Jun 30, 2026 for WisdomTree Europe Defense Fund.

AMMO on its own →WDEF on its own →

At a glance

17.4%

AMMO in the S&P 500

0.0%

WDEF in the S&P 500

−10.6%

AMMO total return, since launch, Jul 16, 2026

−5.6%

WDEF 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.

WDEF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of WDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDEF costs 0.30 points a year less.

AMMO vs WDEF: Holdings Overlap & Returns
Measure	AMMO	WDEF
Return
Measure	AMMO	WDEF
Total return, 1 year	not published	−5.6%
Drawdown
Measure	AMMO	WDEF
Below its all-time high	23.7%, high on Aug 14, 2026	17.3%, high on Jan 27, 2026
Benchmark
Measure	AMMO	WDEF
What it tracks	Defense	Defense
Cost and size
Measure	AMMO	WDEF
Expense ratio	0.75%	0.45%
Net assets, AMMO as of Nov 4, 2026 and WDEF as of Jun 30, 2026	$2.4m	$88m
Holdings
Measure	AMMO	WDEF
Holdings in common	23%

Method

What they share

23%

By the books each fund has filed, AMMO and WDEF hold 23% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

23% in common

Positions both hold · largest shared weight first AMMO WDEF

Rheinmetall AG 4.09% 8.62%

Hensoldt AG 2.69% 4.09%

Kongsberg Gruppen ASA 2.48% 4.56%

Saab AB 2.39% 4.78%

Indra Sistemas SA 1.80% 2.96%

RENK Group AG 1.56% 2.49%

Rolls-Royce Holdings PLC 1.52% 5.51%

Theon International PLC 2.36% 1.26%

CSG NV 1.50% 1.24%

Safran SA 1.04% 5.57%

Exail Technologies SA 0.90% 1.32%

Chemring Group PLC 3.20% 0.87%

Only in one fund ↓

Only in AMMO

Palantir Technologies Inc 3.42%

LIG Defense&Aerospace Co Ltd 3.12%

L3Harris Technologies Inc 2.94%

TransDigm Group Inc 2.76%

Elbit Systems Ltd 2.66%

MP Materials Corp 2.59%

Woodward Inc 2.37%

Teledyne Technologies Inc 2.29%

Only in WDEF

BAE SYSTEMS PLC 10.11%

THALES SA 10.04%

AIRBUS SE 5.29%

LEONARDO SPA 4.74%

DASSAULT AVIATION SA 4.10%

BABCOCK INTERNATIONAL GROUP PLC 3.07%

TKMS AG & CO. KGAA 2.93%

MELROSE INDUSTRIES PLC 2.52%

Check overlap with more funds →

Window by window

Window by window: AMMO vs WDEF: Holdings Overlap & Returns
	Total return
Window	AMMO	WDEF
3 months	−19.6%	−10.7%
6 months	–	−9.1%
1 year	–	−5.6%
Since launchNot the same days: AMMO Jul 2026 · WDEF Jul 2025	−10.6%	−4.6%

– 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 WDEF WisdomTree Europe Defense Fund · Holds 42 stocks in defense, 0% of its weight in S&P 500 companies

Issuer VistaShares WisdomTree

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 42

Top ten, share of the fund 33.8% 63.3%

Expense ratio 0.75% 0.45%

Fee for the differing part 0.76% 0.45%

Total return, 1 year −10.6% (since launch, Jul 16, 2026) −5.6%

vs its benchmark not measured not measured

Below its high −23.7% −17.3%

Net assets, AMMO as of Nov 4, 2026 and WDEF as of Jun 30, 2026 $2.4m $88m

As of Nov 4, 2026. Source: ETFIQ.

23% 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.

WDEF

By weight, 0% of WDEF'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 63% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −5.6% with distributions reinvested. It sits 17.3% below its all-time high of Jan 27, 2026.

Questions people ask

Do AMMO and WDEF hold the same stocks?: By their latest filings, 23% 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 WDEF?: AMMO has 17% of its weight in S&P 500 names and WDEF has 0%, so WDEF differs more from the index.
Which is cheaper, AMMO or WDEF?: AMMO charges 0.75% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMMO vs NATO AMMO vs KDEF AMMO vs GCAD AMMO vs WAR WDEF vs DUTY WDEF vs XDEF WDEF vs WDGF WDEF 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 →WDEF on its own →AMMO holdings →WDEF dividend history →WDEF holdings →Method →Standards and sources →

Sources and dates

AMMO filings on SEC EDGAR ↗

AMMO prospectus with the expense ratio (SEC) ↗

VistaShares page for AMMO ↗

WDEF filings on SEC EDGAR ↗

WDEF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDEF ↗

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

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