Do DUTY and WAR hold the same stocks?

By their latest filings, 8% 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 WAR?

DUTY has 62% of its weight in S&P 500 names and WAR has 38%, so DUTY differs more from the index.

Which is cheaper, DUTY or WAR?

DUTY charges 0.45% a year and WAR charges 0.60%, so DUTY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

DUTY vs WAR: Holdings Overlap & Returns

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DUTY and WAR hold 8% of their weight in the same names.

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Net assets on Jun 30, 2026: $2.1m for U.S. Defense ETF and $41m for U.S. Global Technology and Aerospace & Defense ETF.

DUTY on its own →WAR on its own →

At a glance

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.

WAR · 3 months to Nov 4, 2026 62% of its weight is outside the S&P 500

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

Pair scorecard

DUTY costs 0.15 points a year less; WAR is 19.5 times larger.

DUTY vs WAR: Holdings Overlap & Returns
Measure	DUTY	WAR
Drawdown
Measure	DUTY	WAR
Below its all-time high	9.0%, high on Aug 13, 2026	27.7%, high on Jun 2, 2026
Benchmark
Measure	DUTY	WAR
What it tracks	Defense	Defense
Cost and size
Measure	DUTY	WAR
Expense ratio	0.45%	0.60%
Net assets, as of Jun 30, 2026	$2.1m	$41m
Active share vs the S&P 500	98%	92%
Holdings
Measure	DUTY	WAR
Holdings in common	8%

Method

What they share

By the books each fund has filed, DUTY and WAR hold 8% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first DUTY WAR

Crowdstrike Holdings Inc 4.63% 3.33%

Palantir Technologies Inc 5.96% 3.18%

Karman Holdings Inc 1.00% 3.69%

Tenable Holdings Inc 0.74% 1.65%

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%

Rocket Lab Corp 5.34%

Palo Alto Networks Inc 5.20%

Fortinet Inc 4.91%

Okta Inc 4.61%

Only in WAR

Astera Labs Inc 9.45%

Axon Enterprise Inc 8.71%

Micron Technology Inc 8.54%

Mildef Group AB 7.17%

DroneShield Ltd 5.01%

Intuitive Machines Inc 4.95%

Teradyne Inc 4.93%

Electro Optic Systems Holdings 4.09%

Check overlap with more funds →

Window by window

Window by window: DUTY vs WAR: Holdings Overlap & Returns
	Total return
Window	DUTY	WAR
3 months	−2.5%	−18.5%
6 months	+13.4%	–
Since launch	+7.2%	–

– 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 WAR U.S. Global Technology and Aerospace & Defense ETF · Holds 28 stocks in defense, 38% of its weight in S&P 500 companies

Issuer Aura U.S. Global

Theme Defense Defense

In the S&P 500 61.7% 38.1%

Active share vs the S&P 500 98.1% 92.5%

In the Nasdaq-100 26.0% 48.1%

Holdings 50 28

Top ten, share of the fund 59.0% 61.0%

Expense ratio 0.45% 0.60%

Fee for the differing part 0.46% 0.65%

Total return, 1 year +7.2% (since launch, Apr 8, 2026) not available

vs its benchmark not measured not available

Below its high −9.0% −27.7%

Net assets, as of Jun 30, 2026 $2.1m $41m

As of Nov 4, 2026. Source: ETFIQ.

8% 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.

WAR

By weight, 38% of WAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 28 positions, as filed for Jun 30, 2026. It sits 27.7% below its all-time high of Jun 2, 2026.

Questions people ask

Do DUTY and WAR hold the same stocks?: By their latest filings, 8% 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 WAR?: DUTY has 62% of its weight in S&P 500 names and WAR has 38%, so DUTY differs more from the index.
Which is cheaper, DUTY or WAR?: DUTY charges 0.45% a year and WAR charges 0.60%, so DUTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUTY vs NATO DUTY vs TSSD DUTY vs SHLD DUTY vs GCAD WAR vs XDEF WAR vs WR WAR vs WDGF WAR vs FOWF

Where to next

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

Sources and dates

DUTY filings on SEC EDGAR ↗

DUTY prospectus with the expense ratio (SEC) ↗

Aura website ↗

WAR filings on SEC EDGAR ↗

WAR prospectus with the expense ratio (SEC) ↗

U.S. Global 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 WAR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/duty-vs-war

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