Do EUAD and XDEF hold the same stocks?

By their latest filings, 28% 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, EUAD or XDEF?

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

Which is cheaper, EUAD or XDEF?

EUAD charges 0.50% 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

EUAD vs XDEF: Holdings Overlap & Returns

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EUAD and XDEF hold 28% of their weight in the same names.

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Net assets: $1.1bn on Aug 31, 2026 for Select STOXX Europe Aerospace & Defense ETF, and $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.

EUAD on its own →XDEF on its own →

At a glance

0.0%

EUAD in the S&P 500

0.0%

XDEF in the S&P 500

−8.0%

EUAD total return, 1 year

−12.4%

XDEF total return, since launch, Feb 19, 2026

EUAD · 1 year to Nov 4, 2026 13 positions, 28% of its net assets

EUAD holds 13 positions, 28% of its net assets. Holdings as of Aug 31, 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 0.15 points a year less.

EUAD vs XDEF: Holdings Overlap & Returns
Measure	EUAD	XDEF
Return
Measure	EUAD	XDEF
Total return, 1 year	−8.0%	not published
Drawdown
Measure	EUAD	XDEF
Below its all-time high	16.7%, high on Jan 13, 2026	13.0%, high on Feb 20, 2026
Benchmark
Measure	EUAD	XDEF
What it tracks	Defense	Defense
Cost and size
Measure	EUAD	XDEF
Expense ratio	0.50%	0.35%
Net assets, EUAD as of Aug 31, 2026 and XDEF as of Nov 2, 2026	$1.1bn	$4.3m
Holdings
Measure	EUAD	XDEF
Holdings in common	28%

Method

What they share

28%

By the books each fund has filed, EUAD and XDEF hold 28% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

28% in common

Positions both hold · largest shared weight first EUAD XDEF

MTU Aero Engines AG 4.63% 4.83%

Airbus SE 4.58% 8.40%

Leonardo SpA 2.82% 4.04%

Saab AB 2.75% 4.90%

Thales SA 2.49% 4.31%

BAE Systems PLC 2.38% 7.93%

Hensoldt AG 1.77% 3.23%

Rheinmetall AG 1.72% 6.81%

Babcock International Group PLC 1.50% 3.91%

Rolls-Royce Holdings PLC 1.11% 9.20%

Safran SA 0.96% 8.53%

QinetiQ Group PLC 0.77% 1.64%

Only in one fund ↓

Only in EUAD

Only in XDEF

MELROSE INDUSTRIES PLC 4.66%

KONGSBERG GRUPPEN ASA 4.47%

INDRA SISTEMAS SA 3.85%

DASSAULT AVIATION SA 3.11%

RENK GROUP AG 2.48%

SERCO GROUP PLC 1.90%

CSG NV 1.73%

TKMS AG & CO. KGAA 1.36%

Check overlap with more funds →

Window by window

Window by window: EUAD vs XDEF: Holdings Overlap & Returns
	Total return
Window	EUAD	XDEF
3 months	−14.6%	−9.7%
6 months	−7.2%	−5.7%
1 year	−8.0%	–
Since launchNot the same days: EUAD Oct 2024 · XDEF Feb 2026	+60.5%	−12.4%

– means no data for this window. Open this comparison in the app →

Side by side

EUAD Select STOXX Europe Aerospace & Defense ETF · Holds 13 stocks in defense, 0% 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 Tuttle Xtrackers

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 13 35

Top ten, share of the fund 25.8% 64.0%

Expense ratio 0.50% 0.35%

Fee for the differing part 0.50% 0.35%

Total return, 1 year −8.0% −12.4% (since launch, Feb 19, 2026)

vs its benchmark not measured not measured

Below its high −16.7% −13.0%

Net assets, EUAD as of Aug 31, 2026 and XDEF as of Nov 2, 2026 $1.1bn $4.3m

As of Nov 4, 2026. Source: ETFIQ.

28% of the two portfolios are the same securities at the same weight.

Alert

About each fund

EUAD

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 26% of the fund across 13 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.0% with distributions reinvested. It sits 16.7% below its all-time high of Jan 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 EUAD and XDEF hold the same stocks?: By their latest filings, 28% 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, EUAD or XDEF?: EUAD has 0% of its weight in S&P 500 names and XDEF has 0%, so EUAD differs more from the index.
Which is cheaper, EUAD or XDEF?: EUAD charges 0.50% a year and XDEF charges 0.35%, so XDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

EUAD vs WDGF EUAD vs TSSD EUAD vs AMMO EUAD vs ARMY XDEF vs MISL XDEF vs IDEF XDEF vs SHLD XDEF vs PPA

Where to next

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

Sources and dates

EUAD filings on SEC EDGAR ↗

EUAD prospectus with the expense ratio (SEC) ↗

Tuttle 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.

Cite this pageCitation, APA and Markdown

ETFIQ, EUAD against XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/euad-vs-xdef

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