Do DUTY and XAR hold the same stocks?

By their latest filings, 30% 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 XAR?

DUTY has 62% of its weight in S&P 500 names and XAR has 40%, so DUTY differs more from the index.

Which is cheaper, DUTY or XAR?

DUTY charges 0.45% a year and XAR charges 0.35%, so XAR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

DUTY vs XAR: Holdings Overlap & Returns

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DUTY and XAR hold 30% 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 $5.3bn on Nov 3, 2026 for State Street SPDR S&P Aerospace & Defense ETF.

DUTY on its own →XAR on its own →

At a glance

61.7%

DUTY in the S&P 500

40.1%

XAR in the S&P 500

+7.2%

DUTY total return, since launch, Apr 8, 2026

−6.6%

XAR 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.

XAR · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

40% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

XAR costs 0.10 points a year less.

Points (pts) are percentage points.

DUTY vs XAR: Holdings Overlap & Returns
Measure	DUTY	XAR
Return
Measure	DUTY	XAR
Total return, 1 year	not published	−6.6%
Drawdown
Measure	DUTY	XAR
Below its all-time high	9.0%, high on Aug 13, 2026	24.0%, high on Aug 14, 2026
Against its benchmark
Measure	DUTY	XAR
What it tracks	Defense	Defense
Against the S&P 500, 1 year		behind by 21.4 pts
Its benchmark, total return, 1 year		+14.8%
Against its benchmark, 1 year		behind by 21.4 pts
Cost and size
Measure	DUTY	XAR
Expense ratio	0.45%	0.35%
Net assets, DUTY as of Jun 30, 2026 and XAR as of Nov 3, 2026	$2.1m	$5.3bn
Holdings
Measure	DUTY	XAR
Holdings in common	30%

Method

What they share

30%

By the books each fund has filed, DUTY and XAR hold 30% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

30% in common

Positions both hold · largest shared weight first DUTY XAR

Lockheed Martin Corp 7.32% 3.63%

L3Harris Technologies Inc 6.83% 3.30%

Northrop Grumman Corp 6.60% 3.18%

General Dynamics Corp 7.55% 3.16%

Rocket Lab Corp 5.34% 2.57%

Moog Inc 2.53% 2.93%

Huntington Ingalls Industries 2.45% 3.36%

Kratos Defense & Security Solu 2.06% 2.61%

Mercury Systems Inc 1.33% 2.13%

AeroVironment Inc 1.03% 2.56%

Karman Holdings Inc 1.00% 3.02%

Archer Aviation Inc 0.55% 1.48%

Only in one fund ↓

Only in DUTY

Palantir Technologies Inc 5.96%

Palo Alto Networks Inc 5.20%

Fortinet Inc 4.91%

Crowdstrike Holdings Inc 4.63%

Okta Inc 4.61%

Teledyne Technologies Inc 4.34%

Akamai Technologies Inc 3.14%

Check Point Software Technolog 2.88%

Only in XAR

TEXTRON INC 3.27%

FTAI AVIATION LTD 3.23%

HEICO CORP 3.22%

TRANSDIGM GROUP INC 3.19%

HONEYWELL AEROSPACE INC 3.09%

RTX CORP 3.07%

STANDARDAERO INC 2.94%

GENERAL ELECTRIC 2.93%

Check overlap with more funds →

Window by window

Window by window: DUTY vs XAR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	DUTY	XAR	DUTY	XAR
3 months	−2.5%	−20.0%	not measured	−19.9 pts vs VOO
6 months	+13.4%	−15.6%	not measured	−20.6 pts vs VOO
1 year	–	−6.6%	–	−21.4 pts vs VOO
3 years	–	+89.1%	–	+5.8 pts vs VOO
Since launchNot the same days: DUTY Apr 2026 · XAR Sep 2011	+7.2%	+948.0%	not measured	+180.8 pts vs VOO

– 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 XAR State Street SPDR S&P Aerospace & Defense ETF · Holds 50 stocks in defense, 40% of its weight in S&P 500 companies

Issuer Aura State Street

Theme Defense Defense

In the S&P 500 61.7% 40.1%

Active share vs the S&P 500 98.1% 97.7%

In the Nasdaq-100 26.0% 8.2%

Holdings 50 50

Top ten, share of the fund 59.0% 32.6%

Expense ratio 0.45% 0.35%

Fee for the differing part 0.46% 0.36%

Total return, 1 year +7.2% (since launch, Apr 8, 2026) −6.6%

vs its benchmark not measured −21.4 pts vs VOO

Below its high −9.0% −24.0%

Net assets, DUTY as of Jun 30, 2026 and XAR as of Nov 3, 2026 $2.1m $5.3bn

As of Nov 4, 2026. Source: ETFIQ.

30% 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.

XAR

By weight, 40% of XAR'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 33% of the fund across 50 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.6% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 21.4 pts. It sits 24.0% below its all-time high of Aug 14, 2026.

Questions people ask

Do DUTY and XAR hold the same stocks?: By their latest filings, 30% 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 XAR?: DUTY has 62% of its weight in S&P 500 names and XAR has 40%, so DUTY differs more from the index.
Which is cheaper, DUTY or XAR?: DUTY charges 0.45% a year and XAR charges 0.35%, so XAR is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUTY vs PPA DUTY vs ITA DUTY vs SHLD DUTY vs IDEF XAR vs XDEF XAR vs TSSD XAR vs FOWF XAR vs WDAF

Where to next

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

Sources and dates

DUTY filings on SEC EDGAR ↗

DUTY prospectus with the expense ratio (SEC) ↗

Aura website ↗

XAR filings on SEC EDGAR ↗

XAR prospectus with the expense ratio (SEC) ↗

State Street 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.

Cite this pageCitation, APA and Markdown

ETFIQ, DUTY against XAR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/duty-vs-xar

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.