Data as of Nov 4, 2026.
ARMY vs EUAD: Holdings Overlap & Returns
ARMY and EUAD hold 22% of their weight in the same names.
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Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $1.1bn on Aug 31, 2026 for Select STOXX Europe Aerospace & Defense ETF.
12% of ARMY's weight is in S&P 500 companies and 89% is outside the index. Holdings as of Nov 3, 2026.
EUAD holds 13 positions, 28% of its net assets. Holdings as of Aug 31, 2026.
Pair scorecard
EUAD costs 0.18 points a year less.
| Measure | ARMY | EUAD |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | −8.0% |
| Drawdown | ||
| Below its all-time high | 16.5%, high on Aug 14, 2026 | 16.7%, high on Jan 13, 2026 |
| Benchmark | ||
| What it tracks | Defense | Defense |
| Cost and size | ||
| Expense ratio | 0.68% | 0.50% |
| Net assets, ARMY as of Nov 3, 2026 and EUAD as of Aug 31, 2026 | $13m | $1.1bn |
| Holdings | ||
| Holdings in common | 22% | |
Risk and return
Apr 10, 2026 to Oct 30, 2026 · 29 weekly returnsFrom Apr 2026 to Oct 2026, EUAD returned slightly more: −8.8% to −9.4%. ARMY fell slightly less at its worst: −18.8% to −20.1%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | ARMY | EUAD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −9.4% | −8.8% | EUAD (slight) | Price change plus distributions, reinvested. |
| Price return | −9.4% | −8.8% | EUAD (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −18.8% | −20.1% | ARMY (slight) | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 29 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ARMY and EUAD hold 22% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
22% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | ARMY | EUAD |
| 3 months | −13.9% | −14.6% |
| 6 months | −9.5% | −7.2% |
| 1 year | – | −8.0% |
| Since launch | – | +60.5% |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
22% of the two portfolios are the same securities at the same weight.
No client brief for this pair: ETFIQ prints no one-year total return for ARMY.
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.
EUAD
By weight, 0% of EUAD'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 26% of the fund across 13 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.0% with distributions reinvested. It sits 16.7% below its all-time high of Jan 13, 2026.
Questions people ask
- Do ARMY and EUAD hold the same stocks?
- By their latest filings, 22% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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, ARMY against EUAD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/army-vs-euad
ETFIQ. (Nov 4, 2026). ARMY against EUAD. Retrieved from https://etfiq.com/compare/themes/army-vs-euad
[ARMY against EUAD (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/army-vs-euad)
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