Do KDEF and WAR 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.

Which is more different from the S&P 500, KDEF or WAR?

KDEF has 0% of its weight in S&P 500 names and WAR has 38%, so KDEF differs more from the index.

Which is cheaper, KDEF or WAR?

KDEF charges 0.65% a year and WAR charges 0.60%, so WAR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

KDEF vs WAR: Holdings Overlap & Returns

Share on X Download as PDF

KDEF and WAR hold 0% of their weight in the same names.

askIQ about this page

askIQ about KDEF and WAR

Net assets: $113m on Aug 31, 2026 for PLUS Korea Defense Industry Index ETF, and $41m on Jun 30, 2026 for U.S. Global Technology and Aerospace & Defense ETF.

KDEF on its own →WAR on its own →

At a glance

KDEF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of KDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

WAR · 3 months to Nov 4, 2026 62% of its weight is outside the S&P 500

38% of WAR's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WAR costs 0.05 points a year less.

KDEF vs WAR: Holdings Overlap & Returns
Measure	KDEF	WAR
Return
Measure	KDEF	WAR
Total return, 1 year	−28.3%	not published
Drawdown
Measure	KDEF	WAR
Below its all-time high	50.7%, high on May 5, 2026	27.7%, high on Jun 2, 2026
Benchmark
Measure	KDEF	WAR
What it tracks	Defense	Defense
Cost and size
Measure	KDEF	WAR
Expense ratio	0.65%	0.60%
Net assets, KDEF as of Aug 31, 2026 and WAR as of Jun 30, 2026	$113m	$41m
Active share vs the S&P 500	100%	92%
Holdings
Measure	KDEF	WAR
Holdings in common	0%

Method

What they share

By the books each fund has filed, KDEF and WAR hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KDEF WAR

Only in one fund ↓

Only in KDEF

HANWHA AEROSPACE CO LTD 23.38%

HYUNDAI ROTEM COMPANY 7.63%

KOREA AEROSPACE INDUSTRIES LTD 6.71%

LIG DEFENSE & AEROSPACE CO LTD 6.67%

POONGSAN CORP 6.04%

SK OCEANPLANT CO LTD 4.33%

SNT MOTIV CO LTD 4.25%

SNT DYNAMICS CO LTD 3.94%

Only in WAR

Astera Labs Inc 9.45%

Axon Enterprise Inc 8.71%

Micron Technology Inc 8.54%

Mildef Group AB 7.17%

DroneShield Ltd 5.01%

Intuitive Machines Inc 4.95%

Teradyne Inc 4.93%

Electro Optic Systems Holdings 4.09%

Check overlap with more funds →

Window by window

Window by window: KDEF vs WAR: Holdings Overlap & Returns
	Total return
Window	KDEF	WAR
3 months	−22.9%	−18.5%
6 months	−49.1%	–
1 year	−28.3%	–
Since launch	+60.9%	–

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

Side by side

KDEF PLUS Korea Defense Industry Index ETF · Holds 20 stocks in defense, 0% of its weight in S&P 500 companies WAR U.S. Global Technology and Aerospace & Defense ETF · Holds 28 stocks in defense, 38% of its weight in S&P 500 companies

Issuer PLUS U.S. Global

Theme Defense Defense

In the S&P 500 0.0% 38.1%

Active share vs the S&P 500 100.0% 92.5%

In the Nasdaq-100 0.0% 48.1%

Holdings 20 28

Top ten, share of the fund 70.4% 61.0%

Expense ratio 0.65% 0.60%

Fee for the differing part 0.65% 0.65%

Total return, 1 year −28.3% not available

vs its benchmark not measured not available

Below its high −50.7% −27.7%

Net assets, KDEF as of Aug 31, 2026 and WAR as of Jun 30, 2026 $113m $41m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Alert

About each fund

KDEF

By weight, 0% of KDEF'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 70% of the fund across 20 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −28.3% with distributions reinvested. It sits 50.7% below its all-time high of May 5, 2026.

WAR

By weight, 38% of WAR'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 61% of the fund across 28 positions, as filed for Jun 30, 2026. It sits 27.7% below its all-time high of Jun 2, 2026.

Questions people ask

Do KDEF and WAR 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.
Which is more different from the S&P 500, KDEF or WAR?: KDEF has 0% of its weight in S&P 500 names and WAR has 38%, so KDEF differs more from the index.
Which is cheaper, KDEF or WAR?: KDEF charges 0.65% a year and WAR charges 0.60%, so WAR is cheaper. Fees come from each fund's prospectus.

Other comparisons

KDEF vs WDEF KDEF vs NATO KDEF vs TSSD KDEF vs MISL WAR vs WDEF WAR vs WDAF WAR vs ARMY WAR vs WDGF

Where to next

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

Sources and dates

KDEF filings on SEC EDGAR ↗

KDEF prospectus with the expense ratio (SEC) ↗

PLUS website ↗

WAR filings on SEC EDGAR ↗

WAR prospectus with the expense ratio (SEC) ↗

U.S. Global 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, KDEF against WAR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/kdef-vs-war

Open data →

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