Data as of .
FOWF vs WDAF: which is really different?
FOWF and WDAF hold 0% of their weight in the same names, and FOWF returned more over the year.
ETFIQ Off-Index Score: WDAF 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
0% 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 WDAF hold 0% of their money in the same securities at the same weight.
| Only in FOWF | Only in WDAF |
|---|---|
| General Dynamics Corp 7.55% | HINDUSTAN AERONAUTICS LTD 8.01% |
| Boeing Co/The 7.51% | BHARAT ELECTRONICS LTD 7.82% |
| RTX Corp 6.76% | KOREA AEROSPACE INDUSTRIES LTD 7.70% |
| Lockheed Martin Corp 6.39% | HANWHA AEROSPACE CO LTD 7.32% |
| Northrop Grumman Corp 5.58% | LIG DEFENSE & AEROSPACE CO LTD 7.01% |
| BAE Systems PLC 3.98% | HYUNDAI ROTEM COMPANY 6.84% |
| L3Harris Technologies Inc 3.24% | IHI CORP 4.58% |
| Dell Technologies Inc 2.10% | KAWASAKI HEAVY INDUSTRIES LTD 4.22% |
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 | WDAF | FOWF | WDAF | FOWF | WDAF | |
| 3 months | +2.2% | −8.2% | −0.1 pts | −10.5 pts | +4.7 pts | −5.8 pts |
| 6 months | +5.6% | −4.9% | −12.4 pts | −22.9 pts | −18.6 pts | −29.1 pts |
| 1 year | +12.7% | −1.4% | −3.9 pts | −17.9 pts | −9.1 pts | −23.1 pts |
| Since launch | +43.5% | −0.1% | +10.6 pts | −17.5 pts | +2.6 pts | −23.7 pts |
| FOWF Pacer Solactive Whitney Future of Warfare ETF Holds 86 stocks in defense, 74% of its weight in S&P 500 companies | WDAF WisdomTree Asia Defense Fund Holds 61 stocks in defense, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Pacer | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 73.5% | 0.0% |
| Active share vs the S&P 500 | 88.4% | 100.0% |
| In the Nasdaq-100 | 13.7% | 0.0% |
| Holdings | 86 | 61 |
| Top ten, share of the fund | 46.9% | 61.6% |
| Expense ratio | 0.49% | 0.45% |
| Fee for the differing part | 0.55% | 0.45% |
| Total return, 1 year | +12.7% | −1.4% |
| vs the S&P 500 | −3.9 pts | −17.9 pts |
| vs the Nasdaq-100 | −9.1 pts | −23.1 pts |
| Below its high | −8.4% | −18.8% |
| Net assets | $15m | $12m |
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.
WDAF in plain words
By weight, 0% of WDAF'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 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −1.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.9 pts. It sits 18.8% below its all-time high of May 5, 2026.
Questions people ask
- Do FOWF and WDAF hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, FOWF or WDAF?
- FOWF has 74% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.
- Which is cheaper, FOWF or WDAF?
- FOWF charges 0.49% a year and WDAF charges 0.45%, so WDAF 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 WDAF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fowf-vs-wdaf Free to use with attribution; the underlying files are at Open data.