Do ARMY and WR hold the same stocks?

By their latest filings, 10% 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 WR?

ARMY has 12% of its weight in S&P 500 names and WR has 68%, so ARMY differs more from the index.

Which is cheaper, ARMY or WR?

ARMY charges 0.68% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

ARMY vs WR: Holdings Overlap & Returns

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ARMY and WR hold 10% of their weight in the same names.

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Net assets: $13m on Nov 3, 2026 for Tema International Defense ETF, and $932,169 on Nov 4, 2026 for Corgi U.S. War Machine ETF.

ARMY on its own →WR 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.

WR · 6 months to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WR costs 0.33 points a year less.

ARMY vs WR: Holdings Overlap & Returns
Measure	ARMY	WR
Drawdown
Measure	ARMY	WR
Below its all-time high	16.5%, high on Aug 14, 2026	7.2%, high on Oct 30, 2026
Benchmark
Measure	ARMY	WR
What it tracks	Defense	Defense
Cost and size
Measure	ARMY	WR
Expense ratio	0.68%	0.35%
Net assets, as of Nov 3, 2026	$13m	$974,606
Holdings
Measure	ARMY	WR
Holdings in common	10%

Method

What they share

10%

By the books each fund has filed, ARMY and WR hold 10% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first ARMY WR

PALANTIR TECHNOLOGIES INC 2.82% 5.54%

LOCKHEED MARTIN CORP 2.05% 4.02%

RTX CORP 1.71% 5.22%

GENERAL DYNAMICS CORP 1.42% 3.01%

ROCKET LAB CORP 3.03% 1.10%

AEROVIRONMENT INC 0.50% 0.43%

LEONARDO DRS INC 1.13% 0.43%

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 WR

ExxonMobil Holdings Corp 9.02%

Chevron Corp 6.68%

Marathon Petroleum Corp 4.13%

ConocoPhillips 4.11%

Phillips 66 3.90%

Valero Energy Corp 3.84%

EOG Resources Inc 2.76%

Williams Cos Inc 2.50%

Check overlap with more funds →

Window by window

Window by window: ARMY vs WR: Holdings Overlap & Returns
	Total return
Window	ARMY	WR
3 months	−13.9%	+2.8%
6 months	−9.5%	+6.4%
Since launch	–	+6.4%

– 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 WR Corgi U.S. War Machine ETF · Holds 56 stocks in defense, 68% of its weight in S&P 500 companies

Issuer Tema Corgi

Theme Defense Defense

In the S&P 500 11.5% 68.0%

Active share vs the S&P 500 98.4% 96.6%

In the Nasdaq-100 5.8% 9.9%

Holdings 36 56

Top ten, share of the fund 41.8% 49.5%

Expense ratio 0.68% 0.35%

Fee for the differing part 0.69% 0.36%

Total return, 1 year not available +6.4% (since launch, May 6, 2026)

vs its benchmark not available not measured

Below its high −16.5% −7.2%

Net assets, ARMY as of Nov 3, 2026 and WR as of Nov 4, 2026 $13m $932,169

As of Nov 4, 2026. Source: ETFIQ.

10% 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.

By weight, 68% of WR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 50% of the fund across 56 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +6.4% with distributions reinvested. It sits 7.2% below its all-time high of Oct 30, 2026.

Questions people ask

Do ARMY and WR hold the same stocks?: By their latest filings, 10% 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 WR?: ARMY has 12% of its weight in S&P 500 names and WR has 68%, so ARMY differs more from the index.
Which is cheaper, ARMY or WR?: ARMY charges 0.68% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Other comparisons

ARMY vs PPA ARMY vs ITA ARMY vs AV ARMY vs DUTY WR vs GCAD WR vs NATO WR vs KDEF WR vs MISL

Where to next

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

Sources and dates

ARMY filings on SEC EDGAR ↗

ARMY prospectus with the expense ratio (SEC) ↗

Tema page for ARMY ↗

WR filings on SEC EDGAR ↗

WR prospectus with the expense ratio (SEC) ↗

Corgi 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 WR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/army-vs-wr

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