Do AMMO and WDGF hold the same stocks?

By their latest filings, 37% 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 WDGF?

AMMO has 17% of its weight in S&P 500 names and WDGF has 35%, so AMMO differs more from the index.

Which is cheaper, AMMO or WDGF?

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

Data as of Nov 4, 2026.

Thematic ETFs

AMMO vs WDGF: Holdings Overlap & Returns

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AMMO and WDGF hold 37% 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 $5.3m on Jun 30, 2026 for WisdomTree Global Defense Fund.

AMMO on its own →WDGF on its own →

At a glance

17.4%

AMMO in the S&P 500

34.9%

WDGF in the S&P 500

−10.6%

AMMO total return, since launch, Jul 16, 2026

−2.9%

WDGF 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.

WDGF · 1 year to Nov 4, 2026 65% of its weight is outside the S&P 500

35% of WDGF's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDGF costs 0.30 points a year less.

AMMO vs WDGF: Holdings Overlap & Returns
Measure	AMMO	WDGF
Return
Measure	AMMO	WDGF
Total return, 1 year	not published	−2.9%
Drawdown
Measure	AMMO	WDGF
Below its all-time high	23.7%, high on Aug 14, 2026	16.9%, high on Mar 9, 2026
Benchmark
Measure	AMMO	WDGF
What it tracks	Defense	Defense
Cost and size
Measure	AMMO	WDGF
Expense ratio	0.75%	0.45%
Net assets, AMMO as of Nov 4, 2026 and WDGF as of Jun 30, 2026	$2.4m	$5.3m
Holdings
Measure	AMMO	WDGF
Holdings in common	37%

Method

What they share

37%

By the books each fund has filed, AMMO and WDGF hold 37% 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

37% in common

Positions both hold · largest shared weight first AMMO WDGF

Rheinmetall AG 4.09% 4.27%

Palantir Technologies Inc 3.42% 4.72%

L3Harris Technologies Inc 2.94% 3.33%

TransDigm Group Inc 2.76% 2.75%

Elbit Systems Ltd 2.66% 2.15%

Saab AB 2.39% 1.97%

Curtiss-Wright Corp 1.64% 1.80%

RTX Corp 1.59% 5.46%

Rolls-Royce Holdings PLC 1.52% 3.04%

Rocket Lab Corp 1.47% 2.33%

Kongsberg Gruppen ASA 2.48% 1.28%

BWX Technologies Inc 1.43% 1.14%

Only in one fund ↓

Only in AMMO

Kitron ASA 3.66%

MP Materials Corp 2.59%

Teledyne Technologies Inc 2.29%

Motorola Solutions Inc 2.19%

LEONARDO-FINMECCANICA SPA 2.00%

Next Vision Stabilized Systems Ltd 1.71%

Avio SpA 1.62%

Exosens SACA 1.57%

Only in WDGF

GENERAL DYNAMICS CORP 5.18%

BAE SYSTEMS PLC 5.04%

LOCKHEED MARTIN CORP 4.93%

NORTHROP GRUMMAN CORP 4.92%

THALES SA 3.35%

BOEING COMPANY (THE) 2.55%

HANWHA AEROSPACE CO LTD 2.51%

HINDUSTAN AERONAUTICS LTD 2.09%

Check overlap with more funds →

Window by window

Window by window: AMMO vs WDGF: Holdings Overlap & Returns
	Total return
Window	AMMO	WDGF
3 months	−19.6%	−9.9%
6 months	–	−9.6%
1 year	–	−2.9%
Since launchNot the same days: AMMO Jul 2026 · WDGF Sep 2025	−10.6%	−2.1%

– 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 WDGF WisdomTree Global Defense Fund · Holds 115 stocks in defense, 35% of its weight in S&P 500 companies

Issuer VistaShares WisdomTree

Theme Defense Defense

In the S&P 500 17.4% 34.9%

Active share vs the S&P 500 98.6% 98.3%

In the Nasdaq-100 4.9% 7.1%

Holdings 53 115

Top ten, share of the fund 33.8% 44.2%

Expense ratio 0.75% 0.45%

Fee for the differing part 0.76% 0.46%

Total return, 1 year −10.6% (since launch, Jul 16, 2026) −2.9%

vs its benchmark not measured not measured

Below its high −23.7% −16.9%

Net assets, AMMO as of Nov 4, 2026 and WDGF as of Jun 30, 2026 $2.4m $5.3m

As of Nov 4, 2026. Source: ETFIQ.

37% 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.

WDGF

By weight, 35% of WDGF'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 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −2.9% with distributions reinvested. It sits 16.9% below its all-time high of Mar 9, 2026.

Questions people ask

Do AMMO and WDGF hold the same stocks?: By their latest filings, 37% 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 WDGF?: AMMO has 17% of its weight in S&P 500 names and WDGF has 35%, so AMMO differs more from the index.
Which is cheaper, AMMO or WDGF?: AMMO charges 0.75% a year and WDGF charges 0.45%, so WDGF is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMMO vs XDEF AMMO vs DUTY AMMO vs WR AMMO vs AV WDGF vs XDEF WDGF vs WR WDGF vs XAR WDGF vs DUTY

Where to next

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

Sources and dates

AMMO filings on SEC EDGAR ↗

AMMO prospectus with the expense ratio (SEC) ↗

VistaShares page for AMMO ↗

WDGF filings on SEC EDGAR ↗

WDGF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDGF ↗

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

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