Do ARMY and ITA hold the same stocks?

By their latest filings, 12% 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 ITA?

ARMY has 12% of its weight in S&P 500 names and ITA has 81%, so ARMY differs more from the index.

Which is cheaper, ARMY or ITA?

ARMY charges 0.68% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARMY vs ITA: Holdings Overlap & Returns

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ARMY and ITA hold 12% of their weight in the same names.

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Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $12.2bn on Nov 4, 2026 for iShares U.S. Aerospace & Defense ETF.

ARMY on its own →ITA 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.

ITA · 1 year to Nov 4, 2026 19% of its weight is outside the S&P 500

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ITA costs 0.31 points a year less; ITA is far larger, $12.4bn against $13m.

ARMY vs ITA: Holdings Overlap & Returns
Measure	ARMY	ITA
Return
Measure	ARMY	ITA
Total return, 1 year	not published	+0.8%
Drawdown
Measure	ARMY	ITA
Below its all-time high	16.5%, high on Aug 14, 2026	15.8%, high on Aug 14, 2026
Benchmark
Measure	ARMY	ITA
What it tracks	Defense	Defense
Cost and size
Measure	ARMY	ITA
Expense ratio	0.68%	0.37%
Net assets, as of Nov 3, 2026	$13m	$12.4bn
Holdings
Measure	ARMY	ITA
Holdings in common	12%

Method

What they share

12%

By the books each fund has filed, ARMY and ITA hold 12% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

12% in common

Positions both hold · largest shared weight first ARMY ITA

ROCKET LAB CORP 3.03% 2.23%

LOCKHEED MARTIN CORP 2.05% 5.53%

RTX CORP 1.71% 17.02%

GENERAL DYNAMICS CORP 1.42% 4.82%

L3HARRIS TECHNOLOGIES INC 1.35% 3.85%

NORTHROP GRUMMAN CORP 1.13% 4.84%

BOEING CO 0.99% 6.68%

AEROVIRONMENT INC 0.50% 0.35%

AIRBUS GROUP SE 2.46% 0.32%

LEONARDO DRS INC 1.13% 0.22%

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 ITA

GE AEROSPACE 20.61%

TRANSDIGM GROUP 4.87%

HOWMET AEROSPACE 4.35%

HONEYWELL AEROSPACE INC 3.71%

AXON ENTERPRISE 2.52%

ATI 1.83%

FTAI AVIATION 1.53%

WOODWARD 1.46%

Check overlap with more funds →

Window by window

Window by window: ARMY vs ITA: Holdings Overlap & Returns
	Total return
Window	ARMY	ITA
3 months	−13.9%	−15.5%
6 months	−9.5%	−4.6%
1 year	–	+0.8%
3 years	–	+91.7%
Since launch	–	+916.6%

– 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 ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies

Issuer Tema iShares

Theme Defense Defense

In the S&P 500 11.5% 80.8%

Active share vs the S&P 500 98.4% 97.7%

In the Nasdaq-100 5.8% 8.5%

Holdings 36 51

Top ten, share of the fund 41.8% 76.3%

Expense ratio 0.68% 0.37%

Fee for the differing part 0.69% 0.38%

Total return, 1 year not available +0.8%

vs its benchmark not available not measured

Below its high −16.5% −15.8%

Net assets, ARMY as of Nov 3, 2026 and ITA as of Nov 4, 2026 $13m $12.2bn

As of Nov 4, 2026. Source: ETFIQ.

12% 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.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +0.8% with distributions reinvested. It sits 15.8% below its all-time high of Aug 14, 2026.

Questions people ask

Do ARMY and ITA hold the same stocks?: By their latest filings, 12% 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 ITA?: ARMY has 12% of its weight in S&P 500 names and ITA has 81%, so ARMY differs more from the index.
Which is cheaper, ARMY or ITA?: ARMY charges 0.68% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARMY vs IDEF ARMY vs WDEF ARMY vs GCAD ARMY vs FOWF ITA vs WDAF ITA vs WAR ITA vs WDEF ITA vs FOWF

Where to next

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

Sources and dates

ARMY filings on SEC EDGAR ↗

ARMY prospectus with the expense ratio (SEC) ↗

Tema page for ARMY ↗

ITA filings on SEC EDGAR ↗

ITA prospectus with the expense ratio (SEC) ↗

iShares page for ITA ↗

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

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