Data as of .
FOWF vs WR: which is really different?
FOWF and WR hold 14% of their weight in the same names.
ETFIQ Off-Index Score: WR 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
14% 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 WR hold 14% of their money in the same securities at the same weight.
| Holding | FOWF | WR |
|---|---|---|
| RTX Corp | 6.76% | 5.04% |
| Lockheed Martin Corp | 6.39% | 3.55% |
| General Dynamics Corp | 7.55% | 2.87% |
| Leidos Holdings Inc | 2.08% | 1.04% |
| Howmet Aerospace Inc | 0.80% | 2.55% |
| Palantir Technologies Inc | 0.63% | 5.66% |
| TransDigm Group Inc | 0.56% | 1.61% |
| Only in FOWF | Only in WR |
|---|---|
| Boeing Co/The 7.51% | ExxonMobil Holdings Corp 8.60% |
| Northrop Grumman Corp 5.58% | Chevron Corp 6.37% |
| BAE Systems PLC 3.98% | Marathon Petroleum Corp 4.41% |
| L3Harris Technologies Inc 3.24% | Valero Energy Corp 4.29% |
| Dell Technologies Inc 2.10% | Phillips 66 4.04% |
| Honeywell International Inc 1.66% | ConocoPhillips 3.90% |
| Nokia Oyj 1.41% | EOG Resources Inc 2.67% |
| Vertiv Holdings Co 1.17% | Williams Cos Inc/The 2.61% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FOWF | WR | FOWF | WR | FOWF | WR | |
| 3 months | +2.2% | +11.1% | −0.1 pts | +8.8 pts | +4.7 pts | +13.6 pts |
| 6 months | +5.6% | not published | −12.4 pts | not published | −18.6 pts | not published |
| 1 year | +12.7% | not published | −3.9 pts | not published | −9.1 pts | not published |
| Since launch | +43.5% | +7.9% | +10.6 pts | +3.6 pts | +2.6 pts | +4.1 pts |
| FOWF Pacer Solactive Whitney Future of Warfare ETF Holds 86 stocks in defense, 74% of its weight in S&P 500 companies | WR Corgi U.S. War Machine ETF Holds 57 stocks in defense, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Pacer | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 73.5% | 70.0% |
| Active share vs the S&P 500 | 88.4% | 96.6% |
| In the Nasdaq-100 | 13.7% | 9.2% |
| Holdings | 86 | 57 |
| Top ten, share of the fund | 46.9% | 48.7% |
| Expense ratio | 0.49% | not published |
| Fee for the differing part | 0.55% | not published |
| Total return, 1 year | +12.7% | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −3.9 pts | +3.6 pts |
| vs the Nasdaq-100 | −9.1 pts | +4.1 pts |
| Below its high | −8.4% | −3.9% |
| Net assets | $15m | $945,672 |
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.
WR in plain words
By weight, 70% of WR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 49% of the fund across 57 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +7.9% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 3.6 pts.
Questions people ask
- Do FOWF and WR hold the same stocks?
- By their latest filings, 14% 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 WR?
- FOWF has 74% of its weight in S&P 500 names and WR has 70%, so WR differs more from the index.
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 WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fowf-vs-wr Free to use with attribution; the underlying files are at Open data.