Data as of .
ARMY vs WDGF: which is really different?
ARMY and WDGF hold 40% of their weight in the same names.
ETFIQ Off-Index Score: ARMY scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
40% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ARMY and WDGF hold 40% of their money in the same securities at the same weight.
| Holding | ARMY | WDGF |
|---|---|---|
| BAE SYSTEMS PLC | 3.58% | 5.04% |
| THALES SA | 3.54% | 3.35% |
| ROLLS-ROYCE HOLDINGS PLC | 3.43% | 3.04% |
| PALANTIR TECHNOLOGIES INC | 2.86% | 4.73% |
| RHEINMETALL AG | 2.52% | 4.27% |
| ROCKET LAB CORP | 3.67% | 2.33% |
| ELBIT SYSTEMS LTD | 3.88% | 2.15% |
| LEONARDO-FINMECCANICA SPA | 3.53% | 2.07% |
| SAAB AB | 3.40% | 1.97% |
| LOCKHEED MARTIN CORP | 1.81% | 4.94% |
| DASSAULT AVIATION SA | 3.66% | 1.71% |
| RTX CORP | 1.65% | 5.46% |
| Only in ARMY | Only in WDGF |
|---|---|
| ANDURIL SPV EXPOSURE 14.63% | TRANSDIGM GROUP INC 2.75% |
| MTU AERO ENGINES AG 3.15% | HANWHA AEROSPACE CO LTD 2.51% |
| SAFRAN SA 3.15% | HINDUSTAN AERONAUTICS LTD 2.09% |
| AVON TECHNOLOGIES PLC 1.47% | BHARAT ELECTRONICS LTD 2.06% |
| KONGSBERG MARITIME AS 1.05% | HEICO CORP 2.04% |
| AVIO SPA 0.94% | CURTISS-WRIGHT CORP 1.81% |
| BWX TECHNOLOGIES INC 1.14% | |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD 1.10% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ARMY | WDGF | ARMY | WDGF | ARMY | WDGF | |
| 3 months | −2.2% | −2.8% | −4.4 pts | −5.1 pts | +0.3 pts | −0.3 pts |
| 6 months | not published | −8.3% | not published | −26.3 pts | not published | −32.5 pts |
| 1 year | not published | −0.4% | not published | −17.0 pts | not published | −22.2 pts |
| Since launch | −6.1% | +0.5% | −23.8 pts | −17.0 pts | −31.2 pts | −23.1 pts |
| ARMY Tema International Defense ETF Holds 34 stocks in defense, 11% of its weight in S&P 500 companies | WDGF WisdomTree Global Defense Fund Holds 115 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Tema | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 11.1% | 34.9% |
| Active share vs the S&P 500 | 98.4% | 98.3% |
| In the Nasdaq-100 | 2.9% | 4.7% |
| Holdings | 34 | 115 |
| Top ten, share of the fund | 47.4% | 44.3% |
| Expense ratio | 0.68% | 0.45% |
| Fee for the differing part | 0.69% | 0.46% |
| Total return, 1 year | −6.1% (since launch on Mar 31, 2026) | −0.4% |
| vs the S&P 500 | −23.8 pts | −17.0 pts |
| vs the Nasdaq-100 | −31.2 pts | −22.2 pts |
| Below its high | −14.6% | −14.8% |
| Net assets | $7m | $5m |
ARMY in plain words
By weight, 11% 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 47% of the fund across 34 positions, as published by its issuer for Sep 18, 2026. Since it launched on Mar 31, 2026 the fund returned −6.1% with distributions reinvested against +17.7% for the S&P 500, so a holder was behind by 23.8 pts. It sits 14.6% below its all-time high of Aug 14, 2026.
WDGF in plain words
By weight, 35% of WDGF'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 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −0.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.0 pts. It sits 14.8% below its all-time high of Mar 9, 2026.
Questions people ask
- Do ARMY and WDGF hold the same stocks?
- By their latest filings, 40% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ARMY or WDGF?
- ARMY has 11% of its weight in S&P 500 names and WDGF has 35%, so ARMY differs more from the index.
- Which is cheaper, ARMY or WDGF?
- ARMY charges 0.68% a year and WDGF charges 0.45%, so WDGF is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ARMY against WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/army-vs-wdgf Free to use with attribution; the underlying files are at Open data.