Data as of .
AV vs SHLD: which is really different?
AV and SHLD hold 26% of their weight in the same names.
ETFIQ Off-Index Score: SHLD 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
26% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, AV and SHLD hold 26% of their money in the same securities at the same weight.
| Holding | AV | SHLD |
|---|---|---|
| RTX Corp | 9.94% | 9.10% |
| General Dynamics Corp | 5.48% | 8.54% |
| Lockheed Martin Corp | 4.97% | 8.29% |
| Northrop Grumman Corp | 4.50% | 7.88% |
| Only in AV | Only in SHLD |
|---|---|
| GE AEROSPACE 10.74% | PALANTIR TECHNOLOGIES INC-A 10.77% |
| Howmet Aerospace Inc 4.63% | BAE SYSTEMS PLC 4.72% |
| Boeing Co/The 4.00% | HANWHA AEROSPACE CO LTD 3.86% |
| United Parcel Service Inc 4.00% | RHEINMETALL AG 3.80% |
| Delta Air Lines Inc 3.71% | THALES SA 3.76% |
| First American Government Obligations Fund 12/01/2031 3.55% | L3HARRIS TECHNOLOGIES INC 3.69% |
| FedEx Corp 3.53% | LEONARDO SPA 3.56% |
| TransDigm Group Inc 3.37% | SAAB AB-B 3.47% |
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 | |||
|---|---|---|---|---|---|---|
| AV | SHLD | AV | SHLD | AV | SHLD | |
| 3 months | −9.0% | +0.9% | −11.3 pts | −1.3 pts | −6.5 pts | +3.4 pts |
| 6 months | not published | −14.0% | not published | −32.1 pts | not published | −38.3 pts |
| 1 year | not published | −5.1% | not published | −21.7 pts | not published | −26.9 pts |
| 3 years | not published | +156.1% | not published | +77.7 pts | not published | +57.9 pts |
| Since launch | −2.4% | +157.7% | −6.7 pts | +80.2 pts | −6.2 pts | +61.5 pts |
| AV Corgi Aerospace & Commercial Aviation ETF Holds 40 stocks in defense, 66% of its weight in S&P 500 companies | SHLD Global X Defense Tech ETF Holds 59 stocks in defense, 40% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Corgi | Global X |
| Theme | Defense | Defense |
| In the S&P 500 | 66.3% | 39.9% |
| Active share vs the S&P 500 | 97.6% | 99.1% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 40 | 59 |
| Top ten, share of the fund | 55.5% | 64.4% |
| Expense ratio | 0.35% | 0.50% |
| Fee for the differing part | 0.36% | 0.50% |
| Total return, 1 year | −2.4% (since launch on May 6, 2026) | −5.1% |
| vs the S&P 500 | −6.7 pts | −21.7 pts |
| vs the Nasdaq-100 | −6.2 pts | −26.9 pts |
| Below its high | −13.0% | −19.4% |
| Net assets | $773,395 | $7.1bn |
AV in plain words
By weight, 66% 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 40 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned −2.4% with distributions reinvested against +4.3% for the S&P 500, so a holder was behind by 6.7 pts. It sits 13.0% below its all-time high of Aug 5, 2026.
SHLD in plain words
By weight, 40% 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 64% of the fund across 59 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −5.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.7 pts. It sits 19.4% 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, 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, AV or SHLD?
- AV has 66% of its weight in S&P 500 names and SHLD has 40%, 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
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, AV against SHLD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/av-vs-shld Free to use with attribution; the underlying files are at Open data.