Data as of .
ARMY vs WR: which is really different?
ARMY and WR hold 10% 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
10% 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 WR hold 10% of their money in the same securities at the same weight.
| Holding | ARMY | WR |
|---|---|---|
| PALANTIR TECHNOLOGIES INC | 2.86% | 5.66% |
| LOCKHEED MARTIN CORP | 1.81% | 3.55% |
| RTX CORP | 1.65% | 5.04% |
| GENERAL DYNAMICS CORP | 1.34% | 2.87% |
| ROCKET LAB CORP | 3.67% | 1.34% |
| AEROVIRONMENT INC | 0.70% | 0.59% |
| LEONARDO DRS INC | 1.16% | 0.44% |
| Only in ARMY | Only in WR |
|---|---|
| ANDURIL SPV EXPOSURE 14.63% | ExxonMobil Holdings Corp 8.60% |
| ELBIT SYSTEMS LTD 3.88% | Chevron Corp 6.37% |
| KONGSBERG GRUPPEN ASA 3.69% | Marathon Petroleum Corp 4.41% |
| DASSAULT AVIATION SA 3.66% | Valero Energy Corp 4.29% |
| INDRA SISTEMAS SA 3.65% | Phillips 66 4.04% |
| BAE SYSTEMS PLC 3.58% | ConocoPhillips 3.90% |
| QINETIQ GROUP PLC 3.55% | EOG Resources Inc 2.67% |
| THALES SA 3.54% | Williams Cos Inc/The 2.61% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ARMY | WR | ARMY | WR | ARMY | WR | |
| 3 months | −2.2% | +11.1% | −4.4 pts | +8.8 pts | +0.3 pts | +13.6 pts |
| Since launch | −6.1% | +7.9% | −23.8 pts | +3.6 pts | −31.2 pts | +4.1 pts |
| ARMY Tema International Defense ETF Holds 34 stocks in defense, 11% of its weight in S&P 500 companies | WR Corgi U.S. War Machine ETF Holds 57 stocks in defense, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Tema | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 11.1% | 70.0% |
| Active share vs the S&P 500 | 98.4% | 96.6% |
| In the Nasdaq-100 | 2.9% | 9.2% |
| Holdings | 34 | 57 |
| Top ten, share of the fund | 47.4% | 48.7% |
| Expense ratio | 0.68% | not published |
| Fee for the differing part | 0.69% | not published |
| Total return, 1 year | −6.1% (since launch on Mar 31, 2026) | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −23.8 pts | +3.6 pts |
| vs the Nasdaq-100 | −31.2 pts | +4.1 pts |
| Below its high | −14.6% | −3.9% |
| Net assets | $7m | $945,672 |
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.
WR in plain words
By weight, 70% 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 49% of the fund across 57 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +7.9% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 3.6 pts.
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, which is mostly different names. 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 11% of its weight in S&P 500 names and WR has 70%, so ARMY differs more from the index.
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 WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/army-vs-wr Free to use with attribution; the underlying files are at Open data.