Data as of Nov 4, 2026.
FOWF vs WAR: Holdings Overlap & Returns
FOWF and WAR hold 5% of their weight in the same names.
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Net assets: $15m on Nov 3, 2026 for Pacer Solactive Whitney Future of Warfare ETF, and $41m on Jun 30, 2026 for U.S. Global Technology and Aerospace & Defense ETF.
75% of FOWF's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Jul 31, 2026.
38% of WAR's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
FOWF costs 0.11 points a year less.
Points (pts) are percentage points.
| Measure | FOWF | WAR |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.2% | not published |
| Drawdown | ||
| Below its all-time high | 7.6%, high on Aug 14, 2026 | 27.7%, high on Jun 2, 2026 |
| Against its benchmark | ||
| 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 | ||
| Expense ratio | 0.49% | 0.60% |
| Net assets, FOWF as of Nov 3, 2026 and WAR as of Jun 30, 2026 | $15m | $41m |
| Active share vs the S&P 500 | 88% | 92% |
| Holdings | ||
| Holdings in common | 5% | |
What they share
By the books each fund has filed, FOWF and WAR hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
5% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FOWF | WAR | FOWF | WAR |
| 3 months | −5.9% | −18.5% | −5.3 pts vs URTH | not measured |
| 6 months | +3.4% | – | −0.9 pts vs URTH | – |
| 1 year | +12.2% | – | −3.0 pts vs URTH | – |
| Since launch | +44.8% | – | +8.0 pts vs URTH | – |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
5% of the two portfolios are the same securities at the same weight.
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.
WAR
By weight, 38% of WAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 28 positions, as filed for Jun 30, 2026. It sits 27.7% below its all-time high of Jun 2, 2026.
Questions people ask
- Do FOWF and WAR hold the same stocks?
- By their latest filings, 5% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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, FOWF against WAR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fowf-vs-war
ETFIQ. (Nov 4, 2026). FOWF against WAR. Retrieved from https://etfiq.com/compare/themes/fowf-vs-war
[FOWF against WAR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fowf-vs-war)
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