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Data as of Nov 4, 2026.

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Thematic ETFs

AV vs SHLD: Holdings Overlap & Returns

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AV and SHLD hold 26% of their weight in the same names.

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Net assets: $800,703 on Nov 4, 2026 for Corgi Aerospace & Commercial Aviation ETF, and $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.

AV on its own →SHLD on its own →
At a glance
67.0%
AV in the S&P 500
52.8%
SHLD in the S&P 500
+1.0%
AV total return, 6 months
−8.5%
SHLD total return, 1 year
AV · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500
33% of its weight is outside the S&P 50067% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.67%33%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 56% of the fund · 39 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in33% of its weight is outside the S&P 50067% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.67%33%in the S&P 500outsideactive share 98% · Nasdaq-100: 0% in

67% of AV's weight is in S&P 500 companies and 33% is outside the index. Holdings as of Nov 4, 2026.

SHLD · 1 year to Nov 4, 2026 47% of its weight is outside the S&P 500
47% of its weight is outside the S&P 50053% of SHLD's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Aug 31, 2026.53%47%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 65% of the fund · 50 holdings as filed for Aug 31, 2026 · Nasdaq-100: 11% in47% of its weight is outside the S&P 50053% of SHLD's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Aug 31, 2026.53%47%in the S&P 500outsideactive share 99% · Nasdaq-100: 11% in

53% of SHLD's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

AV costs 0.15 points a year less.

AV vs SHLD: Holdings Overlap & Returns
MeasureAVSHLD
Return
Total return, 1 yearnot published−8.5%
Drawdown
Below its all-time high10.0%, high on Aug 5, 202621.4%, high on Mar 9, 2026
Benchmark
What it tracksDefenseDefense
Cost and size
Expense ratio0.35%0.50%
Net assets, as of Oct 12, 2026$750,396$6.3bn
Holdings
Holdings in common26%
ETFIQ S&P 500 Difference Score · SHLD scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score84.2AV95.6SHLD

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

0.4, the lowest in this set 99.6, the highest

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 →

Method

What they share

26%

By the books each fund has filed, AV and SHLD hold 26% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

26% in common

Positions both hold · largest shared weight first AV SHLD
RTX Corp 9.81% 9.31%
General Dynamics Corp 5.47% 8.59%
Lockheed Martin Corp 5.35% 8.34%
Northrop Grumman Corp 4.33% 7.71%
Moog Inc 1.22% 1.52%
Only in one fund ↓
Only in AV
GE AEROSPACE 10.86%
United Parcel Service Inc 4.45%
Howmet Aerospace Inc 4.16%
Delta Air Lines Inc 4.01%
FedEx Corp 3.70%
TransDigm Group Inc 3.65%
Boeing Co 3.45%
United Airlines Holdings Inc 3.12%
Only in SHLD
PALANTIR TECHNOLOGIES INC. 10.80%
BAE SYSTEMS PLC 4.62%
Rheinmetall Aktiengesellschaft 4.04%
HANWHA AEROSPACE CO., LTD. 3.81%
L3HARRIS TECHNOLOGIES, INC. 3.80%
THALES SA 3.72%
SAAB Aktiebolag 3.58%
LEONARDO - SOCIETA PER AZIONI 3.54%
Check overlap with more funds →

Window by window

Window by window: AV vs SHLD: Holdings Overlap & Returns
Total return
WindowAVSHLD
3 months−10.0%−9.2%
6 months+1.0%−9.7%
1 year–−8.5%
3 years–+133.6%
Since launchNot the same days: AV May 2026 · SHLD Sep 2023+1.0%+151.4%

– means no data for this window. Open this comparison in the app →

Side by side

AV Corgi Aerospace & Commercial Aviation ETF · Holds 39 stocks in defense, 67% of its weight in S&P 500 companies SHLD Global X Defense Tech ETF · Holds 50 stocks in defense, 53% of its weight in S&P 500 companies
Issuer Corgi Global X
Theme Defense Defense
In the S&P 500 67.0% 52.8%
Active share vs the S&P 500 97.6% 98.7%
In the Nasdaq-100 0.0% 10.8%
Holdings 39 50
Top ten, share of the fund 55.8% 64.8%
Expense ratio 0.35% 0.50%
Fee for the differing part 0.36% 0.51%
Total return, 1 year +1.0% (since launch, May 6, 2026) −8.5%
vs its benchmark not measured not measured
Below its high −10.0% −21.4%
Net assets, AV as of Nov 4, 2026 and SHLD as of Oct 12, 2026 $800,703 $6.3bn

As of Nov 4, 2026. Source: ETFIQ.

26% of the two portfolios are the same securities at the same weight.

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About each fund
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.

SHLD

By weight, 53% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 65% of the fund across 50 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.5% with distributions reinvested. It sits 21.4% below its all-time high of Mar 9, 2026.

Questions people ask

Do AV and SHLD hold the same stocks?
By their latest filings, 26% 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, AV or SHLD?
AV has 67% of its weight in S&P 500 names and SHLD has 53%, so SHLD differs more from the index.
Which is cheaper, AV or SHLD?
AV charges 0.35% a year and SHLD charges 0.50%, so AV is cheaper. Fees come from each fund's prospectus.
Other comparisons
AV vs PPAAV vs XDEFAV vs DUTYAV vs WRSHLD vs WDEFSHLD vs XARSHLD vs ITASHLD vs WR
Where to next
AV on its own →SHLD on its own →AV holdings →SHLD dividend history →SHLD holdings →Method →Standards and sources →
Sources and dates
AV filings on SEC EDGAR ↗
AV prospectus with the expense ratio (SEC) ↗
Corgi website ↗
SHLD filings on SEC EDGAR ↗
SHLD prospectus with the expense ratio (SEC) ↗
Global X page for SHLD ↗

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 SHLD, data as of Nov 4, 2026. https://etfiq.com/compare/themes/av-vs-shld

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