Do DUTY and KDEF hold the same stocks?

By their latest filings, 0% 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, DUTY or KDEF?

DUTY has 62% of its weight in S&P 500 names and KDEF has 0%, so KDEF differs more from the index.

Which is cheaper, DUTY or KDEF?

DUTY charges 0.45% a year and KDEF charges 0.65%, so DUTY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

DUTY vs KDEF: Holdings Overlap & Returns

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DUTY and KDEF hold 0% of their weight in the same names.

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Net assets: $2.1m on Jun 30, 2026 for U.S. Defense ETF, and $113m on Aug 31, 2026 for PLUS Korea Defense Industry Index ETF.

DUTY on its own →KDEF on its own →

At a glance

61.7%

DUTY in the S&P 500

0.0%

KDEF in the S&P 500

+7.2%

DUTY total return, since launch, Apr 8, 2026

−28.3%

KDEF total return, 1 year

DUTY · 6 months to Nov 4, 2026 38% of its weight is outside the S&P 500

62% of DUTY's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Jun 30, 2026.

KDEF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

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

Pair scorecard

DUTY costs 0.20 points a year less.

DUTY vs KDEF: Holdings Overlap & Returns
Measure	DUTY	KDEF
Return
Measure	DUTY	KDEF
Total return, 1 year	not published	−28.3%
Drawdown
Measure	DUTY	KDEF
Below its all-time high	9.0%, high on Aug 13, 2026	50.7%, high on May 5, 2026
Benchmark
Measure	DUTY	KDEF
What it tracks	Defense	Defense
Cost and size
Measure	DUTY	KDEF
Expense ratio	0.45%	0.65%
Net assets, DUTY as of Jun 30, 2026 and KDEF as of Aug 31, 2026	$2.1m	$113m
Holdings
Measure	DUTY	KDEF
Holdings in common	0%

Method

What they share

By the books each fund has filed, DUTY and KDEF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DUTY KDEF

Only in one fund ↓

Only in DUTY

General Dynamics Corp 7.55%

Lockheed Martin Corp 7.32%

L3Harris Technologies Inc 6.83%

Northrop Grumman Corp 6.60%

Palantir Technologies Inc 5.96%

Rocket Lab Corp 5.34%

Palo Alto Networks Inc 5.20%

Fortinet Inc 4.91%

Only in KDEF

HANWHA AEROSPACE CO LTD 23.38%

HYUNDAI ROTEM COMPANY 7.63%

KOREA AEROSPACE INDUSTRIES LTD 6.71%

LIG DEFENSE & AEROSPACE CO LTD 6.67%

POONGSAN CORP 6.04%

SK OCEANPLANT CO LTD 4.33%

SNT MOTIV CO LTD 4.25%

SNT DYNAMICS CO LTD 3.94%

Check overlap with more funds →

Window by window

Window by window: DUTY vs KDEF: Holdings Overlap & Returns
	Total return
Window	DUTY	KDEF
3 months	−2.5%	−22.9%
6 months	+13.4%	−49.1%
1 year	–	−28.3%
Since launchNot the same days: DUTY Apr 2026 · KDEF Feb 2025	+7.2%	+60.9%

– means no data for this window. Open this comparison in the app →

Side by side

DUTY U.S. Defense ETF · Holds 50 stocks in defense, 62% of its weight in S&P 500 companies KDEF PLUS Korea Defense Industry Index ETF · Holds 20 stocks in defense, 0% of its weight in S&P 500 companies

Issuer Aura PLUS

Theme Defense Defense

In the S&P 500 61.7% 0.0%

Active share vs the S&P 500 98.1% 100.0%

In the Nasdaq-100 26.0% 0.0%

Holdings 50 20

Top ten, share of the fund 59.0% 70.4%

Expense ratio 0.45% 0.65%

Fee for the differing part 0.46% 0.65%

Total return, 1 year +7.2% (since launch, Apr 8, 2026) −28.3%

vs its benchmark not measured not measured

Below its high −9.0% −50.7%

Net assets, DUTY as of Jun 30, 2026 and KDEF as of Aug 31, 2026 $2.1m $113m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Alert

About each fund

DUTY

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 first traded on Apr 8, 2026 the fund returned +7.2% with distributions reinvested. It sits 9.0% below its all-time high of Aug 13, 2026.

KDEF

By weight, 0% of KDEF'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 70% of the fund across 20 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −28.3% with distributions reinvested. It sits 50.7% below its all-time high of May 5, 2026.

Questions people ask

Do DUTY and KDEF hold the same stocks?: By their latest filings, 0% 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, DUTY or KDEF?: DUTY has 62% of its weight in S&P 500 names and KDEF has 0%, so KDEF differs more from the index.
Which is cheaper, DUTY or KDEF?: DUTY charges 0.45% a year and KDEF charges 0.65%, so DUTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUTY vs NATO DUTY vs WDEF DUTY vs GCAD DUTY vs WAR KDEF vs NATO KDEF vs MISL KDEF vs XAR KDEF vs SHLD

Where to next

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

Sources and dates

DUTY filings on SEC EDGAR ↗

DUTY prospectus with the expense ratio (SEC) ↗

Aura website ↗

KDEF filings on SEC EDGAR ↗

KDEF prospectus with the expense ratio (SEC) ↗

PLUS 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, DUTY against KDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/duty-vs-kdef

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