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Data as of Nov 4, 2026.

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Thematic ETFs

AV vs WR: Holdings Overlap & Returns

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Over the window both share to Nov 4, 2026, AV returned +1.0% to WR's +6.4%, and they share 20% of their weight.

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Net assets on Nov 4, 2026: $800,703 for Corgi Aerospace & Commercial Aviation ETF and $932,169 for Corgi U.S. War Machine ETF.

AV on its own →WR on its own →
At a glance
67.0%
AV in the S&P 500
68.0%
WR in the S&P 500
+1.0%
AV total return, 6 months
+6.4%
WR total return, 6 months
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.

WR · 6 months to Nov 4, 2026 32% of its weight is outside the S&P 500
32% of its weight is outside the S&P 50068% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.68%32%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 50% of the fund · 56 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 10% in32% of its weight is outside the S&P 50068% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.68%32%in the S&P 500outsideactive share 97% · Nasdaq-100: 10% in

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

Both cost 0.35% a year.

AV vs WR: Holdings Overlap & Returns
MeasureAVWR
Drawdown
Below its all-time high10.0%, high on Aug 5, 20267.2%, high on Oct 30, 2026
Benchmark
What it tracksDefenseDefense
Cost and size
Expense ratio0.35%0.35%
Net assets$800,703$932,169
Holdings
Holdings in common20%
ETFIQ S&P 500 Difference Score · AV scores higher How much of its weight does it not share with the S&P 500?
IQ Themes Score84.2AV75WR

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

20%

By the books each fund has filed, AV and WR hold 20% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

0 half 100%

half

20% in common

Positions both hold · largest shared weight first AV WR
RTX Corp 9.81% 5.22%
Lockheed Martin Corp 5.35% 4.02%
General Dynamics Corp 5.47% 3.01%
Howmet Aerospace Inc 4.16% 2.41%
TransDigm Group Inc 3.65% 1.83%
ATI Inc 2.28% 1.34%
Moog Inc 1.22% 0.73%
Hexcel Corp 1.00% 0.63%
Loar Holdings Inc 0.84% 0.52%
Only in one fund ↓
Only in AV
GE AEROSPACE 10.86%
United Parcel Service Inc 4.45%
Northrop Grumman Corp 4.33%
Delta Air Lines Inc 4.01%
FedEx Corp 3.70%
Boeing Co 3.45%
United Airlines Holdings Inc 3.12%
Ryanair Holdings PLC 2.61%
Only in WR
ExxonMobil Holdings Corp 9.02%
Chevron Corp 6.68%
Palantir Technologies Inc 5.54%
Marathon Petroleum Corp 4.13%
ConocoPhillips 4.11%
Phillips 66 3.90%
Valero Energy Corp 3.84%
EOG Resources Inc 2.76%
Check overlap with more funds →

Window by window

Window by window: AV vs WR: Holdings Overlap & Returns
Total return
WindowAVWR
3 months−10.0%+2.8%
6 months+1.0%+6.4%
Since launchAV May 2026 · WR May 2026+1.0%+6.4%

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Side by side

AV Corgi Aerospace & Commercial Aviation ETF · Holds 39 stocks in defense, 67% 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 Corgi Corgi
Theme Defense Defense
In the S&P 500 67.0% 68.0%
Active share vs the S&P 500 97.6% 96.6%
In the Nasdaq-100 0.0% 9.9%
Holdings 39 56
Top ten, share of the fund 55.8% 49.5%
Expense ratio 0.35% 0.35%
Fee for the differing part 0.36% 0.36%
Total return, 1 year +1.0% (since launch, May 6, 2026) +6.4% (since launch, May 6, 2026)
vs its benchmark not measured not measured
Below its high −10.0% −7.2%
Net assets $800,703 $932,169

As of Nov 4, 2026. Source: ETFIQ.

20% 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.

WR

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 AV and WR hold the same stocks?
By their latest filings, 20% 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 WR?
AV has 67% of its weight in S&P 500 names and WR has 68%, so AV differs more from the index.
Which is cheaper, AV or WR?
AV and WR both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.
Other comparisons
AV vs WDGFAV vs WARAV vs GCADAV vs WDEFWR vs XDEFWR vs EUADWR vs IDEFWR vs XAR
Where to next
AV on its own →WR on its own →AV holdings →WR holdings →Method →Standards and sources →
Sources and dates
AV and WR filings on SEC EDGAR ↗
AV and WR prospectus with the expense ratio (SEC) ↗
Corgi website ↗

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

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