Data as of .
AV vs WR: which is really different?
AV and WR hold 21% of their weight in the same names, and WR returned more over the window both share.
ETFIQ Off-Index Score: AV 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
21% 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 WR hold 21% of their money in the same securities at the same weight.
| Holding | AV | WR |
|---|---|---|
| RTX Corp | 9.94% | 5.04% |
| Lockheed Martin Corp | 4.97% | 3.55% |
| General Dynamics Corp | 5.48% | 2.87% |
| Howmet Aerospace Inc | 4.63% | 2.55% |
| First American Government Obligations Fu | 3.55% | 1.99% |
| TransDigm Group Inc | 3.37% | 1.61% |
| ATI Inc | 2.53% | 1.42% |
| Moog Inc | 1.41% | 0.81% |
| Hexcel Corp | 1.09% | 0.65% |
| Loar Holdings Inc | 0.80% | 0.48% |
| Only in AV | Only in WR |
|---|---|
| GE AEROSPACE 10.74% | ExxonMobil Holdings Corp 8.60% |
| Northrop Grumman Corp 4.50% | Chevron Corp 6.37% |
| Boeing Co/The 4.00% | Palantir Technologies Inc 5.66% |
| United Parcel Service Inc 4.00% | Marathon Petroleum Corp 4.41% |
| Delta Air Lines Inc 3.71% | Valero Energy Corp 4.29% |
| FedEx Corp 3.53% | Phillips 66 4.04% |
| United Airlines Holdings Inc 3.04% | ConocoPhillips 3.90% |
| Ryanair Holdings PLC 2.45% | EOG Resources Inc 2.67% |
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 | WR | AV | WR | AV | WR | |
| 3 months | −9.0% | +11.1% | −11.3 pts | +8.8 pts | −6.5 pts | +13.6 pts |
| Since launch | −2.4% | +7.9% | −6.7 pts | +3.6 pts | −6.2 pts | +4.1 pts |
| AV Corgi Aerospace & Commercial Aviation ETF Holds 40 stocks in defense, 66% 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 | Corgi | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 66.3% | 70.0% |
| Active share vs the S&P 500 | 97.6% | 96.6% |
| In the Nasdaq-100 | 0.0% | 9.2% |
| Holdings | 40 | 57 |
| Top ten, share of the fund | 55.5% | 48.7% |
| Expense ratio | 0.35% | not published |
| Fee for the differing part | 0.36% | not published |
| Total return, 1 year | −2.4% (since launch on May 6, 2026) | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −6.7 pts | +3.6 pts |
| vs the Nasdaq-100 | −6.2 pts | +4.1 pts |
| Below its high | −13.0% | −3.9% |
| Net assets | $773,395 | $945,672 |
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.
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 AV and WR hold the same stocks?
- By their latest filings, 21% 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 WR?
- AV has 66% of its weight in S&P 500 names and WR has 70%, so AV 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, AV against WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/av-vs-wr Free to use with attribution; the underlying files are at Open data.