Data as of .
AV vs XDEF: which is really different?
AV and XDEF hold 5% of their weight in the same names.
ETFIQ Off-Index Score: XDEF 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
5% 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 XDEF hold 5% of their money in the same securities at the same weight.
| Holding | AV | XDEF |
|---|---|---|
| AAR Corp | 0.87% | 8.69% |
| Only in AV | Only in XDEF |
|---|---|
| GE AEROSPACE 10.74% | ROLLS-ROYCE HOLDINGS PLC 8.64% |
| RTX Corp 9.94% | SAFRAN SA 8.26% |
| General Dynamics Corp 5.48% | BAE SYSTEMS PLC 7.30% |
| Lockheed Martin Corp 4.97% | RHEINMETALL AG 6.95% |
| Howmet Aerospace Inc 4.63% | DSV A/S 4.70% |
| Northrop Grumman Corp 4.50% | THALES SA 4.40% |
| Boeing Co/The 4.00% | MTU AERO ENGINES AG 4.29% |
| United Parcel Service Inc 4.00% | MELROSE INDUSTRIES PLC 4.28% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| AV | XDEF | AV | XDEF | AV | XDEF | |
| 3 months | −9.0% | +1.8% | −11.3 pts | −0.5 pts | −6.5 pts | +4.3 pts |
| 6 months | not published | −0.4% | not published | −18.5 pts | not published | −24.7 pts |
| Since launch | −2.4% | −99.1% | −6.7 pts | −111.5 pts | −6.2 pts | −117.1 pts |
| AV Corgi Aerospace & Commercial Aviation ETF Holds 40 stocks in defense, 66% of its weight in S&P 500 companies | XDEF Xtrackers Europe Defense Technologies ETF Holds 30 stocks in defense, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Corgi | Xtrackers |
| Theme | Defense | Defense |
| In the S&P 500 | 66.3% | 0.0% |
| Active share vs the S&P 500 | 97.6% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 40 | 30 |
| Top ten, share of the fund | 55.5% | 61.5% |
| Expense ratio | 0.35% | 0.35% |
| Fee for the differing part | 0.36% | 0.35% |
| Total return, 1 year | −2.4% (since launch on May 6, 2026) | −99.1% (since launch on Jan 2, 2026) |
| vs the S&P 500 | −6.7 pts | −111.5 pts |
| vs the Nasdaq-100 | −6.2 pts | −117.1 pts |
| Below its high | −13.0% | −99.2% |
| Net assets | $773,395 | $4m |
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.
XDEF in plain words
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 62% of the fund across 30 positions, as filed for May 31, 2026. Since it launched on Jan 2, 2026 the fund returned −99.1% with distributions reinvested against +12.4% for the S&P 500, so a holder was behind by 111.5 pts. It sits 99.2% below its all-time high of Jan 16, 2026.
Questions people ask
- Do AV and XDEF hold the same stocks?
- By their latest filings, 5% of their books are the same securities at the same weight, which is mostly different names. 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 66% 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 charges 0.35% a year and XDEF 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 XDEF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/av-vs-xdef Free to use with attribution; the underlying files are at Open data.