Data as of Nov 4, 2026.
FOWF vs XDEF: Holdings Overlap & Returns
FOWF and XDEF hold 10% 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 $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.
75% of FOWF's weight is in S&P 500 companies and 25% is outside the index. Holdings as of Jul 31, 2026.
0% of XDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.
Pair scorecard
XDEF costs 0.14 points a year less; FOWF is 3.5 times larger.
Points (pts) are percentage points.
| Measure | FOWF | XDEF |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.2% | not published |
| Drawdown | ||
| Below its all-time high | 7.6%, high on Aug 14, 2026 | 13.0%, high on Feb 20, 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% | 0.35% |
| Net assets, as of Nov 2, 2026 | $15m | $4.3m |
| Holdings | ||
| Holdings in common | 10% | |
What they share
By the books each fund has filed, FOWF and XDEF hold 10% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
10% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FOWF | XDEF | FOWF | XDEF |
| 3 months | −5.9% | −9.7% | −5.3 pts vs URTH | not measured |
| 6 months | +3.4% | −5.7% | −0.9 pts vs URTH | not measured |
| 1 year | +12.2% | – | −3.0 pts vs URTH | – |
| Since launchNot the same days: FOWF Dec 2024 · XDEF Feb 2026 | +44.8% | −12.4% | +8.0 pts vs URTH | not measured |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
10% 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.
XDEF
By weight, 0% of XDEF'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 64% of the fund across 35 positions, as filed for Aug 31, 2026. Since it first traded on Feb 19, 2026 the fund returned −12.4% with distributions reinvested. It sits 13.0% below its all-time high of Feb 20, 2026.
Questions people ask
- Do FOWF and XDEF hold the same stocks?
- By their latest filings, 10% 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 XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fowf-vs-xdef
ETFIQ. (Nov 4, 2026). FOWF against XDEF. Retrieved from https://etfiq.com/compare/themes/fowf-vs-xdef
[FOWF against XDEF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fowf-vs-xdef)
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