Do ARMY and AV hold the same stocks?

By their latest filings, 8% 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, ARMY or AV?

ARMY has 12% of its weight in S&P 500 names and AV has 67%, so ARMY differs more from the index.

Which is cheaper, ARMY or AV?

ARMY charges 0.68% a year and AV charges 0.35%, so AV is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARMY vs AV: Holdings Overlap & Returns

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ARMY and AV hold 8% of their weight in the same names.

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Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $800,703 on Nov 4, 2026 for Corgi Aerospace & Commercial Aviation ETF.

ARMY on its own →AV on its own →

At a glance

ARMY · 6 months to Nov 4, 2026 89% of its weight is outside the S&P 500

12% of ARMY's weight is in S&P 500 companies and 89% is outside the index. Holdings as of Nov 3, 2026.

AV · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500

67% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

AV costs 0.33 points a year less.

ARMY vs AV: Holdings Overlap & Returns
Measure	ARMY	AV
Drawdown
Measure	ARMY	AV
Below its all-time high	16.5%, high on Aug 14, 2026	10.0%, high on Aug 5, 2026
Benchmark
Measure	ARMY	AV
What it tracks	Defense	Defense
Cost and size
Measure	ARMY	AV
Expense ratio	0.68%	0.35%
Net assets, as of Nov 3, 2026	$13m	$796,641
Holdings
Measure	ARMY	AV
Holdings in common	8%

Method

What they share

By the books each fund has filed, ARMY and AV hold 8% 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

8% in common

Positions both hold · largest shared weight first ARMY AV

LOCKHEED MARTIN CORP 2.05% 5.35%

RTX CORP 1.71% 9.81%

GENERAL DYNAMICS CORP 1.42% 5.47%

NORTHROP GRUMMAN CORP 1.13% 4.33%

BOEING CO 0.99% 3.45%

AIRBUS GROUP SE 2.46% 0.81%

Only in one fund ↓

Only in ARMY

ANDURIL SPV EXPOSURE 7.99%

KONGSBERG GRUPPEN ASA 4.17%

QINETIQ GROUP PLC 3.91%

DASSAULT AVIATION SA 3.86%

ELBIT SYSTEMS LTD 3.83%

SAAB AB 3.71%

CHEMRING GROUP PLC 3.68%

BAE SYSTEMS PLC 3.60%

Only in AV

GE AEROSPACE 10.86%

United Parcel Service Inc 4.45%

Howmet Aerospace Inc 4.16%

Delta Air Lines Inc 4.01%

FedEx Corp 3.70%

TransDigm Group Inc 3.65%

United Airlines Holdings Inc 3.12%

Ryanair Holdings PLC 2.61%

Check overlap with more funds →

Window by window

Window by window: ARMY vs AV: Holdings Overlap & Returns
	Total return
Window	ARMY	AV
3 months	−13.9%	−10.0%
6 months	−9.5%	+1.0%
Since launch	–	+1.0%

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

Side by side

ARMY Tema International Defense ETF · Holds 36 stocks in defense, 12% of its weight in S&P 500 companies AV Corgi Aerospace & Commercial Aviation ETF · Holds 39 stocks in defense, 67% of its weight in S&P 500 companies

Issuer Tema Corgi

Theme Defense Defense

In the S&P 500 11.5% 67.0%

Active share vs the S&P 500 98.4% 97.6%

In the Nasdaq-100 5.8% 0.0%

Holdings 36 39

Top ten, share of the fund 41.8% 55.8%

Expense ratio 0.68% 0.35%

Fee for the differing part 0.69% 0.36%

Total return, 1 year not available +1.0% (since launch, May 6, 2026)

vs its benchmark not available not measured

Below its high −16.5% −10.0%

Net assets, ARMY as of Nov 3, 2026 and AV as of Nov 4, 2026 $13m $800,703

As of Nov 4, 2026. Source: ETFIQ.

8% of the two portfolios are the same securities at the same weight.

Alert

About each fund

ARMY

By weight, 12% of ARMY'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 42% of the fund across 36 positions, as published by its issuer for Nov 3, 2026. It sits 16.5% below its all-time high of Aug 14, 2026.

By weight, 67% of AV'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 56% of the fund across 39 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +1.0% with distributions reinvested. It sits 10.0% below its all-time high of Aug 5, 2026.

Questions people ask

Do ARMY and AV hold the same stocks?: By their latest filings, 8% 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, ARMY or AV?: ARMY has 12% of its weight in S&P 500 names and AV has 67%, so ARMY differs more from the index.
Which is cheaper, ARMY or AV?: ARMY charges 0.68% a year and AV charges 0.35%, so AV is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARMY vs DUTY ARMY vs WDGF ARMY vs TSSD ARMY vs FOWF AV vs FOWF AV vs WDAF AV vs TSSD AV vs WAR

Where to next

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

Sources and dates

ARMY filings on SEC EDGAR ↗

ARMY prospectus with the expense ratio (SEC) ↗

Tema page for ARMY ↗

AV filings on SEC EDGAR ↗

AV 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, ARMY against AV, data as of Nov 4, 2026. https://etfiq.com/compare/themes/army-vs-av

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