Data as of .
DUTY vs WAR: which is really different?
DUTY and WAR hold 8% 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
8% 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 WAR hold 8% of their money in the same securities at the same weight.
| Holding | DUTY | WAR |
|---|---|---|
| Crowdstrike Holdings Inc | 4.64% | 3.35% |
| Palantir Technologies Inc | 5.98% | 3.19% |
| Karman Holdings Inc | 1.00% | 3.71% |
| Tenable Holdings Inc | 0.75% | 1.66% |
| Only in DUTY | Only in WAR |
|---|---|
| General Dynamics Corp 7.57% | Astera Labs Inc 9.50% |
| Lockheed Martin Corp 7.34% | Axon Enterprise Inc 8.76% |
| L3Harris Technologies Inc 6.85% | Micron Technology Inc 8.59% |
| Northrop Grumman Corp 6.62% | Mildef Group AB 7.21% |
| Rocket Lab Corp 5.35% | DroneShield Ltd 5.04% |
| Palo Alto Networks Inc 5.21% | Intuitive Machines Inc 4.98% |
| Fortinet Inc 4.92% | Teradyne Inc 4.96% |
| Okta Inc 4.62% | Electro Optic Systems Holdings 4.11% |
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 Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DUTY | WAR | DUTY | WAR | DUTY | WAR | |
| 3 months | +5.7% | −7.9% | +3.5 pts | −10.2 pts | +8.2 pts | −5.4 pts |
| Since launch | +6.9% | −9.7% | −6.3 pts | −11.7 pts | −12.3 pts | −8.6 pts |
| 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 | 61.8% | 38.3% |
| Active share vs the S&P 500 | 98.1% | 92.4% |
| In the Nasdaq-100 | 23.5% | 31.5% |
| Holdings | 50 | 28 |
| Top ten, share of the fund | 59.1% | 61.3% |
| Expense ratio | 0.45% | 0.60% |
| Fee for the differing part | 0.46% | 0.65% |
| Total return, 1 year | +6.9% (since launch on Apr 8, 2026) | −9.7% (since launch on May 26, 2026) |
| vs the S&P 500 | −6.3 pts | −11.7 pts |
| vs the Nasdaq-100 | −12.3 pts | −8.6 pts |
| Below its high | −9.2% | −13.8% |
| Net assets | $2m | $41m |
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.
WAR in plain words
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. Since it launched on May 26, 2026 the fund returned −9.7% with distributions reinvested against +2.0% for the S&P 500, so a holder was behind by 11.7 pts. It sits 13.8% 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, 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, 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
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 WAR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/duty-vs-war Free to use with attribution; the underlying files are at Open data.