Do FOWF and ITA hold the same stocks?

By their latest filings, 35% 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, FOWF or ITA?

FOWF has 75% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.

Which is cheaper, FOWF or ITA?

FOWF charges 0.49% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FOWF vs ITA: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FOWF returned +12.2% to ITA's +0.8%; 35% of their weight is in the same names.

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Net assets: $15m on Nov 3, 2026 for Pacer Solactive Whitney Future of Warfare ETF, and $12.2bn on Nov 4, 2026 for iShares U.S. Aerospace & Defense ETF.

FOWF on its own →ITA on its own →

At a glance

74.8%

FOWF in the S&P 500

80.8%

ITA in the S&P 500

+12.2%

FOWF total return, 1 year

+0.8%

ITA total return, 1 year

FOWF · 1 year to Nov 4, 2026 25% of its weight is outside the S&P 500

75% of FOWF's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Jul 31, 2026.

ITA · 1 year to Nov 4, 2026 19% of its weight is outside the S&P 500

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ITA costs 0.12 points a year less; their one-year returns differ by 11.4 points; ITA is far larger, $12.4bn against $15m.

Points (pts) are percentage points.

FOWF vs ITA: Holdings Overlap & Returns
Measure	FOWF	ITA
Return
Measure	FOWF	ITA
Total return, 1 year	+12.2%	+0.8%
Drawdown
Measure	FOWF	ITA
Below its all-time high	7.6%, high on Aug 14, 2026	15.8%, high on Aug 14, 2026
Against its benchmark
Measure	FOWF	ITA
What it tracks	Defense	Defense
Its benchmark, total return, 1 year	+15.2%
Against its benchmark, 1 year	behind by 3.0 pts
Cost and size
Measure	FOWF	ITA
Expense ratio	0.49%	0.37%
Net assets, as of Nov 3, 2026	$15m	$12.4bn
Holdings
Measure	FOWF	ITA
Holdings in common	35%

ETFIQ S&P 500 Difference Score · ITA scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score56.6FOWF86.4ITA

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

FOWF 56.6

ITA 86.4

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

35%

By the books each fund has filed, FOWF and ITA hold 35% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

35% in common

Positions both hold · largest shared weight first FOWF ITA

RTX Corp 8.65% 17.02%

Boeing Co 6.68% 6.68%

Lockheed Martin Corp 7.96% 5.53%

Northrop Grumman Corp 5.08% 4.84%

General Dynamics Corp 7.88% 4.82%

L3Harris Technologies Inc 2.00% 3.85%

Honeywell Aerospace Inc 0.95% 3.71%

Howmet Aerospace Inc 0.72% 4.35%

TransDigm Group Inc 0.67% 4.87%

Airbus SE 0.70% 0.32%

Only in one fund ↓

Only in FOWF

BAE Systems PLC 3.65%

Dell Technologies Inc 1.96%

Leidos Holdings Inc 1.74%

Snowflake Inc 1.32%

Datadog Inc 1.25%

Palo Alto Networks Inc 1.14%

Honeywell International Inc 1.11%

Palantir Technologies Inc 1.11%

Only in ITA

GE AEROSPACE 20.61%

AXON ENTERPRISE 2.52%

ROCKET LAB CORP 2.23%

ATI 1.83%

FTAI AVIATION 1.53%

WOODWARD 1.46%

HEICO CLASS A 1.40%

CURTISS WRIGHT 1.37%

Check overlap with more funds →

Window by window

Window by window: FOWF vs ITA: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FOWF	ITA	FOWF	ITA
3 months	−5.9%	−15.5%	−5.3 pts vs URTH	not measured
6 months	+3.4%	−4.6%	−0.9 pts vs URTH	not measured
1 year	+12.2%	+0.8%	−3.0 pts vs URTH	not measured
3 years	–	+91.7%	–	not measured
Since launchNot the same days: FOWF Dec 2024 · ITA May 2006	+44.8%	+916.6%	+8.0 pts vs URTH	not measured

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

Side by side

FOWF Pacer Solactive Whitney Future of Warfare ETF · Holds 91 stocks in defense, 75% of its weight in S&P 500 companies ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies

Issuer Pacer iShares

Theme Defense Defense

In the S&P 500 74.8% 80.8%

Active share vs the S&P 500 88.4% 97.7%

In the Nasdaq-100 14.3% 8.5%

Holdings 91 51

Top ten, share of the fund 46.9% 76.3%

Expense ratio 0.49% 0.37%

Fee for the differing part 0.55% 0.38%

Total return, 1 year +12.2% +0.8%

vs its benchmark −3.0 pts vs URTH not measured

Below its high −7.6% −15.8%

Net assets, FOWF as of Nov 3, 2026 and ITA as of Nov 4, 2026 $15m $12.2bn

As of Nov 4, 2026. Source: ETFIQ.

35% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FOWF

By weight, 75% of FOWF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 88%. The top ten holdings are 47% of the fund across 91 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +12.2% with distributions reinvested against +15.2% for its benchmark, the MSCI World Index, so a holder was behind by 3.0 pts. It sits 7.6% below its all-time high of Aug 14, 2026.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +0.8% with distributions reinvested. It sits 15.8% below its all-time high of Aug 14, 2026.

Questions people ask

Do FOWF and ITA hold the same stocks?: By their latest filings, 35% 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, FOWF or ITA?: FOWF has 75% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.
Which is cheaper, FOWF or ITA?: FOWF charges 0.49% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Other comparisons

FOWF vs IDEF FOWF vs MISL FOWF vs KDEF FOWF vs NATO ITA vs WDAF ITA vs GCAD ITA vs NATO ITA vs KDEF

Where to next

FOWF on its own →ITA on its own →FOWF dividend history →FOWF holdings →ITA dividend history →ITA holdings →Method →Standards and sources →

Sources and dates

FOWF filings on SEC EDGAR ↗

FOWF prospectus with the expense ratio (SEC) ↗

Pacer website ↗

ITA filings on SEC EDGAR ↗

ITA prospectus with the expense ratio (SEC) ↗

iShares page for ITA ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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, FOWF against ITA, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fowf-vs-ita

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