Do AV and XAR hold the same stocks?

By their latest filings, 40% 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 XAR?

AV has 67% of its weight in S&P 500 names and XAR has 40%, so XAR differs more from the index.

Which is cheaper, AV or XAR?

AV and XAR both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

AV vs XAR: Holdings Overlap & Returns

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AV and XAR hold 40% 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 $5.3bn on Nov 3, 2026 for State Street SPDR S&P Aerospace & Defense ETF.

AV on its own →XAR on its own →

At a glance

67.0%

AV in the S&P 500

40.1%

XAR in the S&P 500

+1.0%

AV total return, 6 months

−6.6%

XAR total return, 1 year

AV · 6 months to Nov 4, 2026 33% of its weight is outside the S&P 500

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

XAR · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

40% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

Both cost 0.35% a year.

Points (pts) are percentage points.

AV vs XAR: Holdings Overlap & Returns
Measure	AV	XAR
Return
Measure	AV	XAR
Total return, 1 year	not published	−6.6%
Drawdown
Measure	AV	XAR
Below its all-time high	10.0%, high on Aug 5, 2026	24.0%, high on Aug 14, 2026
Against its benchmark
Measure	AV	XAR
What it tracks	Defense	Defense
Against the S&P 500, 1 year		behind by 21.4 pts
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 21.4 pts
Cost and size
Measure	AV	XAR
Expense ratio	0.35%	0.35%
Net assets, as of Nov 3, 2026	$796,641	$5.3bn
Holdings
Measure	AV	XAR
Holdings in common	40%

Method

What they share

40%

By the books each fund has filed, AV and XAR hold 40% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

40% in common

Positions both hold · largest shared weight first AV XAR

Lockheed Martin Corp 5.35% 3.63%

TransDigm Group Inc 3.65% 3.19%

Northrop Grumman Corp 4.33% 3.18%

General Dynamics Corp 5.47% 3.16%

RTX Corp 9.81% 3.07%

GE AEROSPACE 10.86% 2.93%

Howmet Aerospace Inc 4.16% 2.85%

Boeing Co 3.45% 2.50%

ATI Inc 2.28% 2.60%

Woodward Inc 1.96% 2.93%

HEICO Corp 1.77% 3.22%

FTAI Aviation Ltd 1.75% 3.23%

Only in one fund ↓

Only in AV

United Parcel Service Inc 4.45%

Delta Air Lines Inc 4.01%

FedEx Corp 3.70%

United Airlines Holdings Inc 3.12%

Ryanair Holdings PLC 2.61%

AerCap Holdings NV 2.48%

Southwest Airlines Co 2.23%

Embraer SA 1.71%

Only in XAR

HUNTINGTON INGALLS INDUSTRIE 3.36%

L3HARRIS TECHNOLOGIES INC 3.30%

HONEYWELL AEROSPACE INC 3.09%

KARMAN HOLDINGS INC 3.02%

STANDARDAERO INC 2.94%

CURTISS WRIGHT CORP 2.62%

KRATOS DEFENSE + SECURITY 2.61%

ROCKET LAB CORP 2.57%

Check overlap with more funds →

Window by window

Window by window: AV vs XAR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	AV	XAR	AV	XAR
3 months	−10.0%	−20.0%	not measured	−19.9 pts vs VOO
6 months	+1.0%	−15.6%	not measured	−20.6 pts vs VOO
1 year	–	−6.6%	–	−21.4 pts vs VOO
3 years	–	+89.1%	–	+5.8 pts vs VOO
Since launchNot the same days: AV May 2026 · XAR Sep 2011	+1.0%	+948.0%	not measured	+180.8 pts vs VOO

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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 XAR State Street SPDR S&P Aerospace & Defense ETF · Holds 50 stocks in defense, 40% of its weight in S&P 500 companies

Issuer Corgi State Street

Theme Defense Defense

In the S&P 500 67.0% 40.1%

Active share vs the S&P 500 97.6% 97.7%

In the Nasdaq-100 0.0% 8.2%

Holdings 39 50

Top ten, share of the fund 55.8% 32.6%

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) −6.6%

vs its benchmark not measured −21.4 pts vs VOO

Below its high −10.0% −24.0%

Net assets, AV as of Nov 4, 2026 and XAR as of Nov 3, 2026 $800,703 $5.3bn

As of Nov 4, 2026. Source: ETFIQ.

40% of the two portfolios are the same securities at the same weight.

Alert

About each fund

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.

XAR

By weight, 40% of XAR'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 33% of the fund across 50 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.6% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 21.4 pts. It sits 24.0% below its all-time high of Aug 14, 2026.

Questions people ask

Do AV and XAR hold the same stocks?: By their latest filings, 40% 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 XAR?: AV has 67% of its weight in S&P 500 names and XAR has 40%, so XAR differs more from the index.
Which is cheaper, AV or XAR?: AV and XAR both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

AV vs SHLD AV vs IDEF AV vs PPA AV vs ITA XAR vs DUTY XAR vs XDEF XAR vs TSSD XAR vs FOWF

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AV on its own →XAR on its own →AV holdings →XAR dividend history →XAR holdings →Method →Standards and sources →

Sources and dates

AV filings on SEC EDGAR ↗

AV prospectus with the expense ratio (SEC) ↗

Corgi website ↗

XAR filings on SEC EDGAR ↗

XAR prospectus with the expense ratio (SEC) ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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

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