Do IDEF and WR hold the same stocks?

By their latest filings, 23% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, IDEF or WR?

IDEF has 40% of its weight in S&P 500 names and WR has 68%, so WR differs more from the index.

Which is cheaper, IDEF or WR?

IDEF charges 0.55% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

IDEF vs WR: Holdings Overlap & Returns

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IDEF and WR hold 23% of their weight in the same names.

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Net assets on Nov 4, 2026: $3.6bn for iShares Defense Industrials and Tech Active ETF and $932,169 for Corgi U.S. War Machine ETF.

IDEF on its own →WR on its own →

At a glance

40.1%

IDEF in the S&P 500

68.0%

WR in the S&P 500

−5.8%

IDEF total return, 1 year

+6.4%

WR total return, 6 months

IDEF · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500

40% of IDEF's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.

WR · 6 months to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WR costs 0.20 points a year less.

IDEF vs WR: Holdings Overlap & Returns
Measure	IDEF	WR
Return
Measure	IDEF	WR
Total return, 1 year	−5.8%	not published
Drawdown
Measure	IDEF	WR
Below its all-time high	19.2%, high on Mar 2, 2026	7.2%, high on Oct 30, 2026
Benchmark
Measure	IDEF	WR
What it tracks	Defense	Defense
Cost and size
Measure	IDEF	WR
Expense ratio	0.55%	0.35%
Net assets	$3.6bn	$932,169
Holdings
Measure	IDEF	WR
Holdings in common	23%

Method

What they share

23%

By the books each fund has filed, IDEF and WR hold 23% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

23% in common

Positions both hold · largest shared weight first IDEF WR

RTX 7.41% 5.22%

LOCKHEED MARTIN 5.42% 4.02%

GENERAL DYNAMICS CORP 4.39% 3.01%

PALANTIR TECHNOLOGIES CLASS A 2.67% 5.54%

TRANSDIGM GROUP 1.12% 1.83%

HOWMET AEROSPACE 0.86% 2.41%

LEIDOS HOLDINGS 0.57% 1.12%

ROCKET LAB CORP 0.57% 1.10%

SCIENCE APPLICATIONS INTERNATIONAL 0.56% 0.90%

KRATOS DEFENSE AND SECURITY SOLUTI 0.52% 0.57%

MERCURY SYSTEMS INC 0.53% 0.48%

ATI 0.44% 1.34%

Only in one fund ↓

Only in IDEF

NORTHROP GRUMMAN CORP 3.93%

THALES SA 3.76%

SPACE EXPLORATION TECHNOLOGIES COR 2.77%

ROLLS-ROYCE HOLDINGS PLC 2.27%

SAAB CLASS B 1.95%

PALO ALTO NETWORKS 1.74%

RHEINMETALL AG 1.67%

LEONARDO FINMECCANICA SPA 1.63%

Only in WR

ExxonMobil Holdings Corp 9.02%

Chevron Corp 6.68%

Marathon Petroleum Corp 4.13%

ConocoPhillips 4.11%

Phillips 66 3.90%

Valero Energy Corp 3.84%

EOG Resources Inc 2.76%

Williams Cos Inc 2.50%

Check overlap with more funds →

Window by window

Window by window: IDEF vs WR: Holdings Overlap & Returns
	Total return
Window	IDEF	WR
3 months	−14.0%	+2.8%
6 months	−12.4%	+6.4%
1 year	−5.8%	–
Since launchNot the same days: IDEF May 2025 · WR May 2026	+18.8%	+6.4%

– means no data for this window. Open this comparison in the app →

Side by side

IDEF iShares Defense Industrials and Tech Active ETF · Holds 162 stocks in defense, 40% of its weight in S&P 500 companies WR Corgi U.S. War Machine ETF · Holds 56 stocks in defense, 68% of its weight in S&P 500 companies

Issuer iShares Corgi

Theme Defense Defense

In the S&P 500 40.1% 68.0%

Active share vs the S&P 500 92.6% 96.6%

In the Nasdaq-100 11.2% 9.9%

Holdings 162 56

Top ten, share of the fund 36.3% 49.5%

Expense ratio 0.55% 0.35%

Fee for the differing part 0.59% 0.36%

Total return, 1 year −5.8% +6.4% (since launch, May 6, 2026)

vs its benchmark not measured not measured

Below its high −19.2% −7.2%

Net assets $3.6bn $932,169

As of Nov 4, 2026. Source: ETFIQ.

23% of the two portfolios are the same securities at the same weight.

Alert

About each fund

IDEF

By weight, 40% of IDEF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 36% of the fund across 162 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 19.2% below its all-time high of Mar 2, 2026.

By weight, 68% 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 50% of the fund across 56 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +6.4% with distributions reinvested. It sits 7.2% below its all-time high of Oct 30, 2026.

Questions people ask

Do IDEF and WR hold the same stocks?: By their latest filings, 23% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, IDEF or WR?: IDEF has 40% of its weight in S&P 500 names and WR has 68%, so WR differs more from the index.
Which is cheaper, IDEF or WR?: IDEF charges 0.55% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Other comparisons

IDEF vs AV IDEF vs DUTY IDEF vs AMMO IDEF vs WDGF WR vs XAR WR vs PPA WR vs ITA WR vs MISL

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →IDEF on its own →WR on its own →IDEF dividend history →IDEF holdings →WR holdings →Method →Standards and sources →

Sources and dates

IDEF filings on SEC EDGAR ↗

IDEF prospectus with the expense ratio (SEC) ↗

iShares page for IDEF ↗

WR filings on SEC EDGAR ↗

WR prospectus with the expense ratio (SEC) ↗

Corgi website ↗

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 WR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/idef-vs-wr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.