Data as of Oct 28, 2026.
IDEF vs NLR: Holdings Overlap & Returns
Over the year to Oct 28, 2026, IDEF returned −5.7% to NLR's −35.8%; 0% of their weight is in the same names.
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Net assets: $3.7bn on Oct 28, 2026 for iShares Defense Industrials and Tech Active ETF, and $3.1bn on Oct 26, 2026 for VanEck Uranium and Nuclear ETF.
43% of IDEF's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Oct 27, 2026.
15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
NLR costs 0.03 points a year less; their one-year returns differ by 30.1 points; IDEF is 1.2 times larger.
Points (pts) are percentage points.
| Measure | IDEF | NLR |
|---|---|---|
| Return | ||
| Total return, 1 year | −5.7% | −35.8% |
| Drawdown | ||
| Below its all-time high | 17.0%, high on Mar 2, 2026 | 41.6%, high on Jan 28, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Nuclear and uranium |
| Its benchmark, total return, 1 year | +13.4% | |
| Against its benchmark, 1 year | behind by 49.2 pts | |
| Cost and size | ||
| Expense ratio | 0.55% | 0.52% |
| Net assets, as of Oct 26, 2026 | $3.7bn | $3.1bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
May 30, 2025 to Oct 23, 2026 · 73 weekly returnsIDEF returned more: +14.9% to −4.7%. IDEF swung less: 22.4% to 34.6%. IDEF fell less at its worst: −17.1% to −40.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IDEF | NLR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +14.9% | −4.7% | IDEF | Price change plus distributions, reinvested. |
| Annualized | +10.4% | −3.4% | IDEF | Total return as a yearly rate. |
| Price return | +14.5% | −7.0% | IDEF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.4% | 34.6% | IDEF | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.7% | 25.3% | IDEF | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −17.1% | −40.8% | IDEF | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.38 | −0.04 | IDEF | Return above Treasury bills per unit of volatility. |
| Sortino | 0.58 | −0.05 | IDEF | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.61 | −0.08 | IDEF | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 73 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IDEF and NLR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | IDEF | NLR | IDEF | NLR |
| 3 months | −3.0% | −6.5% | not measured | −10.9 pts vs ACWI |
| 6 months | −5.8% | −30.2% | not measured | −37.6 pts vs ACWI |
| 1 year | −5.7% | −35.8% | not measured | −49.2 pts vs ACWI |
| 3 years | – | +54.0% | – | −34.9 pts vs ACWI |
| Since launchNot the same days: IDEF May 2025 · NLR Aug 2007 | +22.1% | +66.1% | not measured | not measured |
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Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
IDEF
By weight, 42% of IDEF'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 37% of the fund across 155 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −5.7% with distributions reinvested. It sits 17.0% below its all-time high of Mar 2, 2026.
NLR
By weight, 15% of NLR'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 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Oct 28, 2026 the fund returned −35.8% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was behind by 49.2 pts. It sits 41.6% below its all-time high of Jan 28, 2026.
Questions people ask
- Do IDEF and NLR hold the same stocks?
- By their latest filings, 0% 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, IDEF against NLR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/idef-vs-nlr
ETFIQ. (Oct 28, 2026). IDEF against NLR. Retrieved from https://etfiq.com/compare/themes/idef-vs-nlr
[IDEF against NLR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/idef-vs-nlr)
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