Data as of .
AV vs XAR: which is really different?
AV and XAR hold 40% of their weight in the same names.
ETFIQ Off-Index Score: XAR 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
40% 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 XAR hold 40% of their money in the same securities at the same weight.
| Holding | AV | XAR |
|---|---|---|
| Northrop Grumman Corp | 4.50% | 2.97% |
| Lockheed Martin Corp | 4.97% | 2.95% |
| General Dynamics Corp | 5.48% | 2.90% |
| Howmet Aerospace Inc | 4.63% | 2.86% |
| RTX Corp | 9.94% | 2.85% |
| GE AEROSPACE | 10.74% | 2.80% |
| TransDigm Group Inc | 3.37% | 2.80% |
| Boeing Co/The | 4.00% | 2.78% |
| ATI Inc | 2.53% | 2.69% |
| Woodward Inc | 2.00% | 2.76% |
| FTAI Aviation Ltd | 1.92% | 2.98% |
| Carpenter Technology Corp | 1.90% | 2.58% |
| Only in AV | Only in XAR |
|---|---|
| United Parcel Service Inc 4.00% | AEROVIRONMENT INC 3.24% |
| Delta Air Lines Inc 3.71% | HONEYWELL AEROSPACE INC 3.13% |
| First American Government Obligations Fund 12/01/2031 3.55% | ROCKET LAB CORP 2.97% |
| FedEx Corp 3.53% | KRATOS DEFENSE + SECURITY 2.94% |
| United Airlines Holdings Inc 3.04% | CURTISS WRIGHT CORP 2.92% |
| Ryanair Holdings PLC 2.45% | L3HARRIS TECHNOLOGIES INC 2.86% |
| AerCap Holdings NV 2.20% | HUNTINGTON INGALLS INDUSTRIE 2.82% |
| Southwest Airlines Co 2.03% | BWX TECHNOLOGIES INC 2.73% |
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 | XAR | AV | XAR | AV | XAR | |
| 3 months | −9.0% | −15.6% | −11.3 pts | −17.9 pts | −6.5 pts | −13.1 pts |
| 6 months | not published | −7.3% | not published | −25.3 pts | not published | −31.5 pts |
| 1 year | not published | +6.0% | not published | −10.6 pts | not published | −15.8 pts |
| 3 years | not published | +110.8% | not published | +32.4 pts | not published | +12.7 pts |
| Since launch | −2.4% | +1014.0% | −6.7 pts | +261.0 pts | −6.2 pts | −408.8 pts |
| AV Corgi Aerospace & Commercial Aviation ETF Holds 40 stocks in defense, 66% of its weight in S&P 500 companies | XAR State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF Holds 49 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Corgi | State Street |
| Theme | Defense | Defense |
| In the S&P 500 | 66.3% | 34.9% |
| Active share vs the S&P 500 | 97.6% | 97.9% |
| In the Nasdaq-100 | 0.0% | 3.1% |
| Holdings | 40 | 49 |
| Top ten, share of the fund | 55.5% | 30.8% |
| Expense ratio | 0.35% | 0.35% |
| Fee for the differing part | 0.36% | 0.36% |
| Total return, 1 year | −2.4% (since launch on May 6, 2026) | +6.0% |
| vs the S&P 500 | −6.7 pts | −10.6 pts |
| vs the Nasdaq-100 | −6.2 pts | −15.8 pts |
| Below its high | −13.0% | −19.2% |
| Net assets | $773,395 | $6.1bn |
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.
XAR in plain words
By weight, 35% 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 31% of the fund across 49 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +6.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 10.6 pts. It sits 19.2% 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, 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 XAR?
- AV has 66% of its weight in S&P 500 names and XAR has 35%, so XAR differs more from the index.
- Which is cheaper, AV or XAR?
- AV charges 0.35% a year and XAR charges 0.35%, 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 XAR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/av-vs-xar Free to use with attribution; the underlying files are at Open data.