Do ARMY and TSSD hold the same stocks?

By their latest filings, 11% 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 TSSD?

ARMY has 12% of its weight in S&P 500 names and TSSD has 71%, so ARMY differs more from the index.

Which is cheaper, ARMY or TSSD?

ARMY charges 0.68% a year and TSSD charges 0.65%, so TSSD is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARMY vs TSSD: Holdings Overlap & Returns

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ARMY and TSSD hold 11% of their weight in the same names.

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Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $7.0m on Jun 30, 2026 for Truth Social American Security & Defense ETF.

ARMY on its own →TSSD 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.

TSSD · 6 months to Nov 4, 2026 29% of its weight is outside the S&P 500

71% of TSSD's weight is in S&P 500 companies and 29% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

TSSD costs 0.03 points a year less.

ARMY vs TSSD: Holdings Overlap & Returns
Measure	ARMY	TSSD
Drawdown
Measure	ARMY	TSSD
Below its all-time high	16.5%, high on Aug 14, 2026	9.4%, high on Aug 13, 2026
Benchmark
Measure	ARMY	TSSD
What it tracks	Defense	Defense
Cost and size
Measure	ARMY	TSSD
Expense ratio	0.68%	0.65%
Net assets, ARMY as of Nov 3, 2026 and TSSD as of Jun 30, 2026	$13m	$7.0m
Holdings
Measure	ARMY	TSSD
Holdings in common	11%

Method

What they share

11%

By the books each fund has filed, ARMY and TSSD hold 11% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first ARMY TSSD

PALANTIR TECHNOLOGIES INC 2.82% 6.78%

LOCKHEED MARTIN CORP 2.05% 5.50%

RTX CORP 1.71% 7.08%

GENERAL DYNAMICS CORP 1.42% 4.91%

L3HARRIS TECHNOLOGIES INC 1.35% 4.08%

NORTHROP GRUMMAN CORP 1.13% 4.00%

AEROVIRONMENT INC 0.50% 0.64%

LEONARDO DRS INC 1.13% 0.41%

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 TSSD

Palo Alto Networks Inc 9.70%

Crowdstrike Holdings Inc 7.24%

Fortinet Inc 5.75%

Cloudflare Inc 4.75%

Axon Enterprise Inc 4.57%

Teledyne Technologies Inc 2.90%

Curtiss-Wright Corp 2.76%

Okta Inc 2.12%

Check overlap with more funds →

Window by window

Window by window: ARMY vs TSSD: Holdings Overlap & Returns
	Total return
Window	ARMY	TSSD
3 months	−13.9%	−4.9%
6 months	−9.5%	+19.4%
Since launch	–	+17.1%

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Side by side

ARMY Tema International Defense ETF · Holds 36 stocks in defense, 12% of its weight in S&P 500 companies TSSD Truth Social American Security & Defense ETF · Holds 62 stocks in defense, 71% of its weight in S&P 500 companies

Issuer Tema Yorkville

Theme Defense Defense

In the S&P 500 11.5% 71.4%

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

In the Nasdaq-100 5.8% 34.0%

Holdings 36 62

Top ten, share of the fund 41.8% 60.4%

Expense ratio 0.68% 0.65%

Fee for the differing part 0.69% 0.67%

Total return, 1 year not available +17.1% (since launch, Dec 30, 2025)

vs its benchmark not available not measured

Below its high −16.5% −9.4%

Net assets, ARMY as of Nov 3, 2026 and TSSD as of Jun 30, 2026 $13m $7.0m

As of Nov 4, 2026. Source: ETFIQ.

11% 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.

TSSD

By weight, 71% of TSSD'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 60% of the fund across 62 positions, as filed for Jun 30, 2026. Since it first traded on Dec 30, 2025 the fund returned +17.1% with distributions reinvested. It sits 9.4% below its all-time high of Aug 13, 2026.

Questions people ask

Do ARMY and TSSD hold the same stocks?: By their latest filings, 11% 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 TSSD?: ARMY has 12% of its weight in S&P 500 names and TSSD has 71%, so ARMY differs more from the index.
Which is cheaper, ARMY or TSSD?: ARMY charges 0.68% a year and TSSD charges 0.65%, so TSSD is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARMY vs WR ARMY vs AV ARMY vs WDGF ARMY vs XDEF TSSD vs WDAF TSSD vs WAR TSSD vs WDEF TSSD vs EUAD

Where to next

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

Sources and dates

ARMY filings on SEC EDGAR ↗

ARMY prospectus with the expense ratio (SEC) ↗

Tema page for ARMY ↗

TSSD filings on SEC EDGAR ↗

TSSD prospectus with the expense ratio (SEC) ↗

Yorkville 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.

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

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