Data as of Nov 4, 2026.
AV vs NATO: Holdings Overlap & Returns
AV and NATO hold 45% of their weight in the same names.
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Net assets on Nov 4, 2026: $800,703 for Corgi Aerospace & Commercial Aviation ETF and $88m for Themes Transatlantic Defense ETF.
67% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.
55% of NATO's weight is in S&P 500 companies and 46% is outside the index. Holdings as of Nov 4, 2026.
Pair scorecard
Both cost 0.35% a year.
Points (pts) are percentage points.
| Measure | AV | NATO |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | −1.8% |
| Drawdown | ||
| Below its all-time high | 10.0%, high on Aug 5, 2026 | 16.1%, high on Mar 2, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Defense |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | behind by 16.8 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.35% |
| Net assets | $800,703 | $88m |
| Holdings | ||
| Holdings in common | 45% | |
How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →
What they share
By the books each fund has filed, AV and NATO hold 45% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
45% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | AV | NATO | AV | NATO |
| 3 months | −10.0% | −14.7% | not measured | −13.4 pts vs ACWI |
| 6 months | +1.0% | −6.9% | not measured | −9.5 pts vs ACWI |
| 1 year | – | −1.8% | – | −16.8 pts vs ACWI |
| Since launchNot the same days: AV May 2026 · NATO Oct 2024 | +1.0% | +47.0% | not measured | +10.9 pts vs ACWI |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
45% of the two portfolios are the same securities at the same weight.
AV
By weight, 67% of AV'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 56% of the fund across 39 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +1.0% with distributions reinvested. It sits 10.0% below its all-time high of Aug 5, 2026.
NATO
By weight, 54% of NATO'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 61% of the fund across 83 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −1.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Net Total Return Index, so a holder was behind by 16.8 pts. It sits 16.1% below its all-time high of Mar 2, 2026.
Questions people ask
- Do AV and NATO hold the same stocks?
- By their latest filings, 45% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
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, AV against NATO, data as of Nov 4, 2026. https://etfiq.com/compare/themes/av-vs-nato
ETFIQ. (Nov 4, 2026). AV against NATO. Retrieved from https://etfiq.com/compare/themes/av-vs-nato
[AV against NATO (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/av-vs-nato)
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