Data as of .
EUAD vs WDEF: which is really different?
EUAD and WDEF hold 56% of their weight in the same names, and EUAD returned more over the year.
ETFIQ Off-Index Score: EUAD 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
56% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, EUAD and WDEF hold 56% of their money in the same securities at the same weight.
| Holding | EUAD | WDEF |
|---|---|---|
| BAE Systems PLC | 8.96% | 10.21% |
| Rheinmetall AG | 7.53% | 8.70% |
| Thales SA | 6.92% | 10.14% |
| Safran SA | 7.56% | 5.62% |
| Airbus SE | 14.86% | 5.34% |
| Saab AB | 7.00% | 4.83% |
| Leonardo SpA | 8.27% | 4.79% |
| Hensoldt AG | 4.90% | 4.13% |
| QinetiQ Group PLC | 2.02% | 1.40% |
| Chemring Group PLC | 1.33% | 0.88% |
| Only in EUAD | Only in WDEF |
|---|---|
| MTU Aero Engines AG 11.03% | ROLLS-ROYCE HOLDINGS PLC 5.57% |
| Rolls-Royce Holdings 8.43% | KONGSBERG GRUPPEN ASA 4.61% |
| CLEARST. RYCEY SWAP 6.00% | DASSAULT AVIATION SA 4.14% |
| Babcock Internationa 4.14% | BABCOCK INTERNATIONAL GROUP PLC 3.10% |
| CLEARST. BAESY SWAP 0.89% | INDRA SISTEMAS SA 2.98% |
| CLEARST. LSIIF SWAP 0.10% | TKMS AG & CO. KGAA 2.96% |
| CLEARST. AVVOF SWAP 0.03% | MELROSE INDUSTRIES PLC 2.54% |
| CLEARST. EXALF SWAP 0.03% | RENK GROUP AG 2.51% |
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 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| EUAD | WDEF | EUAD | WDEF | EUAD | WDEF | |
| 3 months | +1.0% | +2.9% | −1.3 pts | +0.7 pts | +3.5 pts | +5.4 pts |
| 6 months | +4.8% | −6.0% | −13.2 pts | −24.1 pts | −19.4 pts | −30.3 pts |
| 1 year | −4.4% | −7.6% | −21.0 pts | −24.1 pts | −26.2 pts | −29.4 pts |
| Since launch | +70.4% | −2.7% | +36.8 pts | −25.7 pts | +23.6 pts | −31.8 pts |
| EUAD Select STOXX Europe Aerospace & Defense ETF Holds 18 stocks in defense, 0% of its weight in S&P 500 companies | WDEF WisdomTree Europe Defense Fund Holds 42 stocks in defense, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Tuttle | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 0.0% | 0.0% |
| Active share vs the S&P 500 | 100.0% | 100.0% |
| In the Nasdaq-100 | 0.0% | 0.0% |
| Holdings | 18 | 42 |
| Top ten, share of the fund | 86.6% | 63.9% |
| Expense ratio | 0.50% | 0.45% |
| Fee for the differing part | 0.50% | 0.45% |
| Total return, 1 year | −4.4% | −7.6% |
| vs the S&P 500 | −21.0 pts | −24.1 pts |
| vs the Nasdaq-100 | −26.2 pts | −29.4 pts |
| Below its high | −11.6% | −15.7% |
| Net assets | $1.2bn | $83m |
EUAD in plain words
By weight, 0% of EUAD'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 87% of the fund across 18 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −4.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.0 pts. It sits 11.6% below its all-time high of Jan 13, 2026.
WDEF in plain words
By weight, 0% of WDEF'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 42 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −7.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 24.1 pts. It sits 15.7% below its all-time high of Jan 27, 2026.
Questions people ask
- Do EUAD and WDEF hold the same stocks?
- By their latest filings, 56% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, EUAD or WDEF?
- EUAD has 0% of its weight in S&P 500 names and WDEF has 0%, so EUAD differs more from the index.
- Which is cheaper, EUAD or WDEF?
- EUAD charges 0.50% a year and WDEF charges 0.45%, so WDEF 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, EUAD against WDEF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/euad-vs-wdef Free to use with attribution; the underlying files are at Open data.