Do AMMO and WR hold the same stocks?

By their latest filings, 13% 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 WR?

AMMO has 17% of its weight in S&P 500 names and WR has 68%, so AMMO differs more from the index.

Which is cheaper, AMMO or WR?

AMMO charges 0.75% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AMMO vs WR: Holdings Overlap & Returns

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AMMO and WR hold 13% 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 $932,169 for Corgi U.S. War Machine ETF.

AMMO on its own →WR on its own →

At a glance

17.4%

AMMO in the S&P 500

68.0%

WR in the S&P 500

−10.6%

AMMO total return, since launch, Jul 16, 2026

+6.4%

WR 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.

WR · 6 months to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WR costs 0.40 points a year less.

AMMO vs WR: Holdings Overlap & Returns
Measure	AMMO	WR
Drawdown
Measure	AMMO	WR
Below its all-time high	23.7%, high on Aug 14, 2026	7.2%, high on Oct 30, 2026
Benchmark
Measure	AMMO	WR
What it tracks	Defense	Defense
Cost and size
Measure	AMMO	WR
Expense ratio	0.75%	0.35%
Net assets	$2.4m	$932,169
Holdings
Measure	AMMO	WR
Holdings in common	13%

Method

What they share

13%

By the books each fund has filed, AMMO and WR hold 13% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

13% in common

Positions both hold · largest shared weight first AMMO WR

Palantir Technologies Inc 3.42% 5.54%

TransDigm Group Inc 2.76% 1.83%

RTX Corp 1.59% 5.22%

Rocket Lab Corp 1.47% 1.10%

Howmet Aerospace Inc 0.87% 2.41%

Moog Inc 2.07% 0.73%

BWX Technologies Inc 1.43% 0.64%

Kratos Defense & Security Solutions Inc 1.82% 0.57%

Mercury Systems Inc 1.33% 0.48%

AeroVironment Inc 1.95% 0.43%

Leonardo DRS Inc 0.76% 0.43%

Karman Holdings Inc 1.25% 0.38%

Only in one fund ↓

Only in AMMO

Mildef Group AB 4.50%

Rheinmetall AG 4.09%

Kitron ASA 3.66%

Cohort PLC 3.37%

Chemring Group PLC 3.20%

LIG Defense&Aerospace Co Ltd 3.12%

L3Harris Technologies Inc 2.94%

Hensoldt AG 2.69%

Only in WR

ExxonMobil Holdings Corp 9.02%

Chevron Corp 6.68%

Marathon Petroleum Corp 4.13%

ConocoPhillips 4.11%

Lockheed Martin Corp 4.02%

Phillips 66 3.90%

Valero Energy Corp 3.84%

General Dynamics Corp 3.01%

Check overlap with more funds →

Window by window

Window by window: AMMO vs WR: Holdings Overlap & Returns
	Total return
Window	AMMO	WR
3 months	−19.6%	+2.8%
6 months	–	+6.4%
Since launchNot the same days: AMMO Jul 2026 · WR May 2026	−10.6%	+6.4%

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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 WR Corgi U.S. War Machine ETF · Holds 56 stocks in defense, 68% of its weight in S&P 500 companies

Issuer VistaShares Corgi

Theme Defense Defense

In the S&P 500 17.4% 68.0%

Active share vs the S&P 500 98.6% 96.6%

In the Nasdaq-100 4.9% 9.9%

Holdings 53 56

Top ten, share of the fund 33.8% 49.5%

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) +6.4% (since launch, May 6, 2026)

vs its benchmark not measured not measured

Below its high −23.7% −7.2%

Net assets $2.4m $932,169

As of Nov 4, 2026. Source: ETFIQ.

13% 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, 68% of WR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 50% of the fund across 56 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +6.4% with distributions reinvested. It sits 7.2% below its all-time high of Oct 30, 2026.

Questions people ask

Do AMMO and WR hold the same stocks?: By their latest filings, 13% 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 WR?: AMMO has 17% of its weight in S&P 500 names and WR has 68%, so AMMO differs more from the index.
Which is cheaper, AMMO or WR?: AMMO charges 0.75% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMMO vs WDGF AMMO vs PPA AMMO vs ITA AMMO vs AV WR vs XDEF WR vs XAR WR vs DUTY WR vs TSSD

Where to next

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

Sources and dates

AMMO filings on SEC EDGAR ↗

AMMO prospectus with the expense ratio (SEC) ↗

VistaShares page for AMMO ↗

WR filings on SEC EDGAR ↗

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

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