Do DUTY and XDEF 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 XDEF?

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

Which is cheaper, DUTY or XDEF?

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

Data as of Nov 4, 2026.

Thematic ETFs

DUTY vs XDEF: Holdings Overlap & Returns

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DUTY and XDEF 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 $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.

DUTY on its own →XDEF on its own →

At a glance

61.7%

DUTY in the S&P 500

0.0%

XDEF in the S&P 500

+7.2%

DUTY total return, since launch, Apr 8, 2026

−12.4%

XDEF total return, since launch, Feb 19, 2026

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.

XDEF · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500

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

Pair scorecard

XDEF costs 0.10 points a year less.

DUTY vs XDEF: Holdings Overlap & Returns
Measure	DUTY	XDEF
Drawdown
Measure	DUTY	XDEF
Below its all-time high	9.0%, high on Aug 13, 2026	13.0%, high on Feb 20, 2026
Benchmark
Measure	DUTY	XDEF
What it tracks	Defense	Defense
Cost and size
Measure	DUTY	XDEF
Expense ratio	0.45%	0.35%
Net assets, DUTY as of Jun 30, 2026 and XDEF as of Nov 2, 2026	$2.1m	$4.3m
Holdings
Measure	DUTY	XDEF
Holdings in common	0%

Method

What they share

By the books each fund has filed, DUTY and XDEF 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 XDEF

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 XDEF

ROLLS-ROYCE HOLDINGS PLC 9.20%

SAFRAN SA 8.53%

AIRBUS SE 8.40%

BAE SYSTEMS PLC 7.93%

RHEINMETALL AG 6.81%

SAAB AB 4.90%

MTU AERO ENGINES AG 4.83%

MELROSE INDUSTRIES PLC 4.66%

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Window by window

Window by window: DUTY vs XDEF: Holdings Overlap & Returns
	Total return
Window	DUTY	XDEF
3 months	−2.5%	−9.7%
6 months	+13.4%	−5.7%
Since launchNot the same days: DUTY Apr 2026 · XDEF Feb 2026	+7.2%	−12.4%

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Side by side

DUTY U.S. Defense ETF · Holds 50 stocks in defense, 62% of its weight in S&P 500 companies XDEF Xtrackers Europe Defense Technologies ETF · Holds 35 stocks in defense, 0% of its weight in S&P 500 companies

Issuer Aura Xtrackers

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 35

Top ten, share of the fund 59.0% 64.0%

Expense ratio 0.45% 0.35%

Fee for the differing part 0.46% 0.35%

Total return, 1 year +7.2% (since launch, Apr 8, 2026) −12.4% (since launch, Feb 19, 2026)

vs its benchmark not measured not measured

Below its high −9.0% −13.0%

Net assets, DUTY as of Jun 30, 2026 and XDEF as of Nov 2, 2026 $2.1m $4.3m

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.

XDEF

By weight, 0% of XDEF'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 64% of the fund across 35 positions, as filed for Aug 31, 2026. Since it first traded on Feb 19, 2026 the fund returned −12.4% with distributions reinvested. It sits 13.0% below its all-time high of Feb 20, 2026.

Questions people ask

Do DUTY and XDEF 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 XDEF?: DUTY has 62% of its weight in S&P 500 names and XDEF has 0%, so XDEF differs more from the index.
Which is cheaper, DUTY or XDEF?: DUTY charges 0.45% a year and XDEF charges 0.35%, so XDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUTY vs WDGF DUTY vs TSSD DUTY vs AMMO DUTY vs ARMY XDEF vs EUAD XDEF vs IDEF XDEF vs ITA XDEF vs TSSD

Where to next

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

Sources and dates

DUTY filings on SEC EDGAR ↗

DUTY prospectus with the expense ratio (SEC) ↗

Aura website ↗

XDEF filings on SEC EDGAR ↗

XDEF prospectus with the expense ratio (SEC) ↗

Xtrackers 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 XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/duty-vs-xdef

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