Do AV and XDEF hold the same stocks?

By their latest filings, 1% 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 XDEF?

AV has 67% of its weight in S&P 500 names and XDEF has 0%, so XDEF differs more from the index.

Which is cheaper, AV or XDEF?

AV and XDEF 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 XDEF: Holdings Overlap & Returns

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AV and XDEF hold 1% 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 $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.

AV on its own →XDEF on its own →

At a glance

67.0%

AV in the S&P 500

0.0%

XDEF in the S&P 500

+1.0%

AV total return, 6 months

−12.4%

XDEF total return, since launch, Feb 19, 2026

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.

XDEF · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of XDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

Both cost 0.35% a year.

AV vs XDEF: Holdings Overlap & Returns
Measure	AV	XDEF
Drawdown
Measure	AV	XDEF
Below its all-time high	10.0%, high on Aug 5, 2026	13.0%, high on Feb 20, 2026
Benchmark
Measure	AV	XDEF
What it tracks	Defense	Defense
Cost and size
Measure	AV	XDEF
Expense ratio	0.35%	0.35%
Net assets, as of Nov 2, 2026	$794,520	$4.3m
Holdings
Measure	AV	XDEF
Holdings in common	1%

Method

What they share

By the books each fund has filed, AV and XDEF hold 1% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first AV XDEF

AAR Corp 0.81% 8.40%

Only in one fund ↓

Only in AV

GE AEROSPACE 10.86%

RTX Corp 9.81%

General Dynamics Corp 5.47%

Lockheed Martin Corp 5.35%

United Parcel Service Inc 4.45%

Northrop Grumman Corp 4.33%

Howmet Aerospace Inc 4.16%

Delta Air Lines Inc 4.01%

Only in XDEF

ROLLS-ROYCE HOLDINGS PLC 9.20%

SAFRAN SA 8.53%

BAE SYSTEMS PLC 7.93%

RHEINMETALL AG 6.81%

SAAB AB 4.90%

MTU AERO ENGINES AG 4.83%

MELROSE INDUSTRIES PLC 4.66%

KONGSBERG GRUPPEN ASA 4.47%

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Window by window

Window by window: AV vs XDEF: Holdings Overlap & Returns
	Total return
Window	AV	XDEF
3 months	−10.0%	−9.7%
6 months	+1.0%	−5.7%
Since launchNot the same days: AV May 2026 · XDEF Feb 2026	+1.0%	−12.4%

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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 XDEF Xtrackers Europe Defense Technologies ETF · Holds 35 stocks in defense, 0% of its weight in S&P 500 companies

Issuer Corgi Xtrackers

Theme Defense Defense

In the S&P 500 67.0% 0.0%

Active share vs the S&P 500 97.6% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 39 35

Top ten, share of the fund 55.8% 64.0%

Expense ratio 0.35% 0.35%

Fee for the differing part 0.36% 0.35%

Total return, 1 year +1.0% (since launch, May 6, 2026) −12.4% (since launch, Feb 19, 2026)

vs its benchmark not measured not measured

Below its high −10.0% −13.0%

Net assets, AV as of Nov 4, 2026 and XDEF as of Nov 2, 2026 $800,703 $4.3m

As of Nov 4, 2026. Source: ETFIQ.

1% 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.

XDEF

By weight, 0% of XDEF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 64% of the fund across 35 positions, as filed for Aug 31, 2026. Since it first traded on Feb 19, 2026 the fund returned −12.4% with distributions reinvested. It sits 13.0% below its all-time high of Feb 20, 2026.

Questions people ask

Do AV and XDEF hold the same stocks?: By their latest filings, 1% 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 XDEF?: AV has 67% of its weight in S&P 500 names and XDEF has 0%, so XDEF differs more from the index.
Which is cheaper, AV or XDEF?: AV and XDEF both charge 0.35% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

AV vs XAR AV vs WDGF AV vs TSSD AV vs AMMO XDEF vs EUAD XDEF vs IDEF XDEF vs PPA XDEF vs ITA

Where to next

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

Sources and dates

AV filings on SEC EDGAR ↗

AV prospectus with the expense ratio (SEC) ↗

Corgi website ↗

XDEF filings on SEC EDGAR ↗

XDEF prospectus with the expense ratio (SEC) ↗

Xtrackers 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.

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ETFIQ, AV against XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/av-vs-xdef

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