Do ARMY and WDEF hold the same stocks?

By their latest filings, 53% 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 WDEF?

ARMY has 12% of its weight in S&P 500 names and WDEF has 0%, so WDEF differs more from the index.

Which is cheaper, ARMY or WDEF?

ARMY charges 0.68% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARMY vs WDEF: Holdings Overlap & Returns

Share on X Download as PDF

ARMY and WDEF hold 53% of their weight in the same names.

askIQ about this page

askIQ about ARMY and WDEF

Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $88m on Jun 30, 2026 for WisdomTree Europe Defense Fund.

ARMY on its own →WDEF 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.

WDEF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of WDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDEF costs 0.23 points a year less.

ARMY vs WDEF: Holdings Overlap & Returns
Measure	ARMY	WDEF
Return
Measure	ARMY	WDEF
Total return, 1 year	not published	−5.6%
Drawdown
Measure	ARMY	WDEF
Below its all-time high	16.5%, high on Aug 14, 2026	17.3%, high on Jan 27, 2026
Benchmark
Measure	ARMY	WDEF
What it tracks	Defense	Defense
Cost and size
Measure	ARMY	WDEF
Expense ratio	0.68%	0.45%
Net assets, ARMY as of Nov 3, 2026 and WDEF as of Jun 30, 2026	$13m	$88m
Holdings
Measure	ARMY	WDEF
Holdings in common	53%

Method

What they share

53%

By the books each fund has filed, ARMY and WDEF hold 53% 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

53% in common

Positions both hold · largest shared weight first ARMY WDEF

KONGSBERG GRUPPEN ASA 4.17% 4.56%

DASSAULT AVIATION SA 3.86% 4.10%

SAAB AB 3.71% 4.78%

BAE SYSTEMS PLC 3.60% 10.11%

LEONARDO-FINMECCANICA SPA 3.55% 4.74%

HENSOLDT AG 3.44% 4.09%

THALES SA 3.34% 10.04%

BABCOCK INTERNATIONAL GROUP PLC 3.53% 3.07%

ROLLS-ROYCE HOLDINGS PLC 3.05% 5.51%

INDRA SISTEMAS SA 3.52% 2.96%

SAFRAN SA 2.83% 5.57%

TKMS AG & CO KGAA 2.80% 2.93%

Only in one fund ↓

Only in ARMY

ANDURIL SPV EXPOSURE 7.99%

ELBIT SYSTEMS LTD 3.83%

MTU AERO ENGINES AG 3.17%

ROCKET LAB CORP 3.03%

PALANTIR TECHNOLOGIES INC 2.82%

ELECTRO OPTIC SYSTEMS HOLDINGS LTD 2.75%

DRONESHIELD LTD 2.64%

LOCKHEED MARTIN CORP 2.05%

Only in WDEF

MELROSE INDUSTRIES PLC 2.52%

EXOSENS SA 1.68%

EXAIL TECHNOLOGIES SA 1.32%

FINCANTIERI SPA 1.29%

THEON INTERNATIONAL PLC 1.26%

SERCO GROUP PLC 0.93%

OHB SE 0.77%

EUTELSAT COMMUNICATIONS SA 0.67%

Check overlap with more funds →

Window by window

Window by window: ARMY vs WDEF: Holdings Overlap & Returns
	Total return
Window	ARMY	WDEF
3 months	−13.9%	−10.7%
6 months	−9.5%	−9.1%
1 year	–	−5.6%
Since launch	–	−4.6%

– 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 WDEF WisdomTree Europe Defense Fund · Holds 42 stocks in defense, 0% of its weight in S&P 500 companies

Issuer Tema WisdomTree

Theme Defense Defense

In the S&P 500 11.5% 0.0%

Active share vs the S&P 500 98.4% 100.0%

In the Nasdaq-100 5.8% 0.0%

Holdings 36 42

Top ten, share of the fund 41.8% 63.3%

Expense ratio 0.68% 0.45%

Fee for the differing part 0.69% 0.45%

Total return, 1 year not available −5.6%

vs its benchmark not available not measured

Below its high −16.5% −17.3%

Net assets, ARMY as of Nov 3, 2026 and WDEF as of Jun 30, 2026 $13m $88m

As of Nov 4, 2026. Source: ETFIQ.

53% 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.

WDEF

By weight, 0% of WDEF'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 63% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −5.6% with distributions reinvested. It sits 17.3% below its all-time high of Jan 27, 2026.

Questions people ask

Do ARMY and WDEF hold the same stocks?: By their latest filings, 53% 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 WDEF?: ARMY has 12% of its weight in S&P 500 names and WDEF has 0%, so WDEF differs more from the index.
Which is cheaper, ARMY or WDEF?: ARMY charges 0.68% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARMY vs NATO ARMY vs KDEF ARMY vs GCAD ARMY vs WDAF WDEF vs XAR WDEF vs WDGF WDEF vs XDEF WDEF vs GCAD

Where to next

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

Sources and dates

ARMY filings on SEC EDGAR ↗

ARMY prospectus with the expense ratio (SEC) ↗

Tema page for ARMY ↗

WDEF filings on SEC EDGAR ↗

WDEF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDEF ↗

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

Open data →

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