Data as of .
FOWF vs TSSD: which is really different?
FOWF and TSSD hold 29% of their weight in the same names.
ETFIQ Off-Index Score: TSSD 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
29% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FOWF and TSSD hold 29% of their money in the same securities at the same weight.
| Holding | FOWF | TSSD |
|---|---|---|
| RTX Corp | 6.76% | 7.08% |
| Lockheed Martin Corp | 6.39% | 5.51% |
| General Dynamics Corp | 7.55% | 4.91% |
| Northrop Grumman Corp | 5.58% | 4.00% |
| L3Harris Technologies Inc | 3.24% | 4.08% |
| Leidos Holdings Inc | 2.08% | 1.29% |
| Cloudflare Inc | 0.79% | 4.76% |
| Palo Alto Networks Inc | 0.70% | 9.71% |
| Crowdstrike Holdings Inc | 0.69% | 7.25% |
| Palantir Technologies Inc | 0.63% | 6.78% |
| Zscaler Inc | 0.45% | 1.71% |
| Only in FOWF | Only in TSSD |
|---|---|
| Boeing Co/The 7.51% | Fortinet Inc 5.76% |
| BAE Systems PLC 3.98% | Axon Enterprise Inc 4.58% |
| Dell Technologies Inc 2.10% | Teledyne Technologies Inc 2.90% |
| Honeywell International Inc 1.66% | Curtiss-Wright Corp 2.76% |
| Nokia Oyj 1.41% | Okta Inc 2.12% |
| Vertiv Holdings Co 1.17% | VeriSign Inc 2.06% |
| Corning Inc 1.10% | F5 Inc 1.79% |
| Keysight Technologies Inc 1.09% | Akamai Technologies Inc 1.72% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FOWF | TSSD | FOWF | TSSD | FOWF | TSSD | |
| 3 months | +2.2% | +12.0% | −0.1 pts | +9.7 pts | +4.7 pts | +14.5 pts |
| 6 months | +5.6% | +18.0% | −12.4 pts | −0.1 pts | −18.6 pts | −6.3 pts |
| 1 year | +12.7% | not published | −3.9 pts | not published | −9.1 pts | not published |
| Since launch | +43.5% | +20.2% | +10.6 pts | +8.4 pts | +2.6 pts | +3.4 pts |
| FOWF Pacer Solactive Whitney Future of Warfare ETF Holds 86 stocks in defense, 74% of its weight in S&P 500 companies | TSSD Truth Social American Security & Defense ETF Holds 62 stocks in defense, 72% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Pacer | Yorkville |
| Theme | Defense | Defense |
| In the S&P 500 | 73.5% | 71.5% |
| Active share vs the S&P 500 | 88.4% | 97.5% |
| In the Nasdaq-100 | 13.7% | 35.8% |
| Holdings | 86 | 62 |
| Top ten, share of the fund | 46.9% | 60.4% |
| Expense ratio | 0.49% | 0.65% |
| Fee for the differing part | 0.55% | 0.67% |
| Total return, 1 year | +12.7% | +20.2% (since launch on Dec 30, 2025) |
| vs the S&P 500 | −3.9 pts | +8.4 pts |
| vs the Nasdaq-100 | −9.1 pts | +3.4 pts |
| Below its high | −8.4% | −7.1% |
| Net assets | $15m | $7m |
FOWF in plain words
By weight, 74% 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 86 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +12.7% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 3.9 pts. It sits 8.4% below its all-time high of Aug 14, 2026.
TSSD in plain words
By weight, 72% of TSSD'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 60% of the fund across 62 positions, as filed for Jun 30, 2026. Since it launched on Dec 30, 2025 the fund returned +20.2% with distributions reinvested against +11.7% for the S&P 500, so a holder was ahead by 8.4 pts. It sits 7.1% below its all-time high of Aug 13, 2026.
Questions people ask
- Do FOWF and TSSD hold the same stocks?
- By their latest filings, 29% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FOWF or TSSD?
- FOWF has 74% of its weight in S&P 500 names and TSSD has 72%, so TSSD differs more from the index.
- Which is cheaper, FOWF or TSSD?
- FOWF charges 0.49% a year and TSSD charges 0.65%, so FOWF 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, FOWF against TSSD, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fowf-vs-tssd Free to use with attribution; the underlying files are at Open data.