Do ARMY and IDEF hold the same stocks?

By their latest filings, 32% 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 IDEF?

ARMY has 12% of its weight in S&P 500 names and IDEF has 40%, so ARMY differs more from the index.

Which is cheaper, ARMY or IDEF?

ARMY charges 0.68% a year and IDEF charges 0.55%, so IDEF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARMY vs IDEF: Holdings Overlap & Returns

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ARMY and IDEF hold 32% of their weight in the same names.

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Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $3.6bn on Nov 4, 2026 for iShares Defense Industrials and Tech Active ETF.

ARMY on its own →IDEF 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.

IDEF · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

40% of IDEF's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

IDEF costs 0.13 points a year less; IDEF is far larger, $3.7bn against $13m.

ARMY vs IDEF: Holdings Overlap & Returns
Measure	ARMY	IDEF
Return
Measure	ARMY	IDEF
Total return, 1 year	not published	−5.8%
Drawdown
Measure	ARMY	IDEF
Below its all-time high	16.5%, high on Aug 14, 2026	19.2%, high on Mar 2, 2026
Benchmark
Measure	ARMY	IDEF
What it tracks	Defense	Defense
Cost and size
Measure	ARMY	IDEF
Expense ratio	0.68%	0.55%
Net assets, as of Nov 3, 2026	$13m	$3.7bn
Holdings
Measure	ARMY	IDEF
Holdings in common	32%

Method

What they share

32%

By the books each fund has filed, ARMY and IDEF hold 32% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

32% in common

Positions both hold · largest shared weight first ARMY IDEF

THALES SA 3.34% 3.76%

PALANTIR TECHNOLOGIES INC 2.82% 2.67%

ROLLS-ROYCE HOLDINGS PLC 3.05% 2.27%

LOCKHEED MARTIN CORP 2.05% 5.42%

RTX CORP 1.71% 7.41%

RHEINMETALL AG 2.46% 1.67%

LEONARDO-FINMECCANICA SPA 3.55% 1.63%

AIRBUS GROUP SE 2.46% 1.61%

GENERAL DYNAMICS CORP 1.42% 4.39%

ELBIT SYSTEMS LTD 3.83% 1.15%

NORTHROP GRUMMAN CORP 1.13% 3.93%

KONGSBERG GRUPPEN ASA 4.17% 1.01%

Only in one fund ↓

Only in ARMY

ANDURIL SPV EXPOSURE 7.99%

SAAB AB 3.71%

INDRA SISTEMAS SA 3.52%

AVON TECHNOLOGIES PLC 2.04%

Only in IDEF

SPACE EXPLORATION TECHNOLOGIES COR 2.77%

SAAB CLASS B 1.95%

PALO ALTO NETWORKS 1.74%

CROWDSTRIKE HOLDINGS CLASS A 1.62%

MITSUBISHI HEAVY INDUSTRIES 1.51%

HANWHA AEROSPACE LTD 1.48%

MITSUBISHI ELECTRIC 1.45%

MICROSOFT 1.27%

Check overlap with more funds →

Window by window

Window by window: ARMY vs IDEF: Holdings Overlap & Returns
	Total return
Window	ARMY	IDEF
3 months	−13.9%	−14.0%
6 months	−9.5%	−12.4%
1 year	–	−5.8%
Since launch	–	+18.8%

– 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 IDEF iShares Defense Industrials and Tech Active ETF · Holds 162 stocks in defense, 40% of its weight in S&P 500 companies

Issuer Tema iShares

Theme Defense Defense

In the S&P 500 11.5% 40.1%

Active share vs the S&P 500 98.4% 92.6%

In the Nasdaq-100 5.8% 11.2%

Holdings 36 162

Top ten, share of the fund 41.8% 36.3%

Expense ratio 0.68% 0.55%

Fee for the differing part 0.69% 0.59%

Total return, 1 year not available −5.8%

vs its benchmark not available not measured

Below its high −16.5% −19.2%

Net assets, ARMY as of Nov 3, 2026 and IDEF as of Nov 4, 2026 $13m $3.6bn

As of Nov 4, 2026. Source: ETFIQ.

32% 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.

IDEF

By weight, 40% of IDEF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 36% of the fund across 162 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 19.2% below its all-time high of Mar 2, 2026.

Questions people ask

Do ARMY and IDEF hold the same stocks?: By their latest filings, 32% 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 IDEF?: ARMY has 12% of its weight in S&P 500 names and IDEF has 40%, so ARMY differs more from the index.
Which is cheaper, ARMY or IDEF?: ARMY charges 0.68% a year and IDEF charges 0.55%, so IDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARMY vs XAR ARMY vs SHLD ARMY vs PPA ARMY vs EUAD IDEF vs WDAF IDEF vs WAR IDEF vs WDEF IDEF vs NATO

Where to next

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

Sources and dates

ARMY filings on SEC EDGAR ↗

ARMY prospectus with the expense ratio (SEC) ↗

Tema page for ARMY ↗

IDEF filings on SEC EDGAR ↗

IDEF prospectus with the expense ratio (SEC) ↗

iShares page for IDEF ↗

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 IDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/army-vs-idef

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