Data as of .
DUTY vs FOWF: which is really different?
DUTY and FOWF hold 28% of their weight in the same names.
ETFIQ Off-Index Score: DUTY 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
28% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, DUTY and FOWF hold 28% of their money in the same securities at the same weight.
| Holding | DUTY | FOWF |
|---|---|---|
| General Dynamics Corp | 7.57% | 7.55% |
| Lockheed Martin Corp | 7.34% | 6.39% |
| Northrop Grumman Corp | 6.62% | 5.58% |
| L3Harris Technologies Inc | 6.85% | 3.24% |
| Leidos Holdings Inc | 2.74% | 2.08% |
| Palo Alto Networks Inc | 5.21% | 0.70% |
| Crowdstrike Holdings Inc | 4.64% | 0.69% |
| Palantir Technologies Inc | 5.98% | 0.63% |
| Zscaler Inc | 2.71% | 0.45% |
| C3.ai Inc | 0.23% | 0.79% |
| Only in DUTY | Only in FOWF |
|---|---|
| Rocket Lab Corp 5.35% | Boeing Co/The 7.51% |
| Fortinet Inc 4.92% | RTX Corp 6.76% |
| Okta Inc 4.62% | BAE Systems PLC 3.98% |
| Teledyne Technologies Inc 4.35% | Dell Technologies Inc 2.10% |
| Akamai Technologies Inc 3.15% | Honeywell International Inc 1.66% |
| Check Point Software Technolog 2.89% | Nokia Oyj 1.41% |
| Moog Inc 2.54% | Vertiv Holdings Co 1.17% |
| Huntington Ingalls Industries 2.45% | Corning Inc 1.10% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DUTY | FOWF | DUTY | FOWF | DUTY | FOWF | |
| 3 months | +5.7% | +2.2% | +3.5 pts | −0.1 pts | +8.2 pts | +4.7 pts |
| 6 months | not published | +5.6% | not published | −12.4 pts | not published | −18.6 pts |
| 1 year | not published | +12.7% | not published | −3.9 pts | not published | −9.1 pts |
| Since launch | +6.9% | +43.5% | −6.3 pts | +10.6 pts | −12.3 pts | +2.6 pts |
| DUTY U.S. Defense ETF Holds 50 stocks in defense, 62% of its weight in S&P 500 companies | FOWF Pacer Solactive Whitney Future of Warfare ETF Holds 86 stocks in defense, 74% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Aura | Pacer |
| Theme | Defense | Defense |
| In the S&P 500 | 61.8% | 73.5% |
| Active share vs the S&P 500 | 98.1% | 88.4% |
| In the Nasdaq-100 | 23.5% | 13.7% |
| Holdings | 50 | 86 |
| Top ten, share of the fund | 59.1% | 46.9% |
| Expense ratio | 0.45% | 0.49% |
| Fee for the differing part | 0.46% | 0.55% |
| Total return, 1 year | +6.9% (since launch on Apr 8, 2026) | +12.7% |
| vs the S&P 500 | −6.3 pts | −3.9 pts |
| vs the Nasdaq-100 | −12.3 pts | −9.1 pts |
| Below its high | −9.2% | −8.4% |
| Net assets | $2m | $15m |
DUTY in plain words
By weight, 62% of DUTY'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 59% of the fund across 50 positions, as filed for Jun 30, 2026. Since it launched on Apr 8, 2026 the fund returned +6.9% with distributions reinvested against +13.2% for the S&P 500, so a holder was behind by 6.3 pts. It sits 9.2% below its all-time high of Aug 13, 2026.
FOWF in plain words
By weight, 74% of FOWF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 47% of the fund across 86 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +12.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 3.9 pts. It sits 8.4% below its all-time high of Aug 14, 2026.
Questions people ask
- Do DUTY and FOWF hold the same stocks?
- By their latest filings, 28% 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, DUTY or FOWF?
- DUTY has 62% of its weight in S&P 500 names and FOWF has 74%, so DUTY differs more from the index.
- Which is cheaper, DUTY or FOWF?
- DUTY charges 0.45% a year and FOWF charges 0.49%, so DUTY 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, DUTY against FOWF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/duty-vs-fowf Free to use with attribution; the underlying files are at Open data.