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Data as of Nov 4, 2026.

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Thematic ETFs

KDEF vs WDAF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, KDEF returned −28.3% to WDAF's −16.2%; 37% of their weight is in the same names.

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Net assets: $113m on Aug 31, 2026 for PLUS Korea Defense Industry Index ETF, and $22m on Jun 30, 2026 for WisdomTree Asia Defense Fund.

KDEF on its own →WDAF on its own →
At a glance
0.0%
KDEF in the S&P 500
0.0%
WDAF in the S&P 500
−28.3%
KDEF total return, 1 year
−16.2%
WDAF total return, 1 year
KDEF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of KDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 70% of the fund · 20 holdings as filed for Aug 31, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of KDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

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

WDAF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 62% of the fund · 61 holdings as filed for Jun 30, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDAF costs 0.20 points a year less; their one-year returns differ by 12.1 points.

KDEF vs WDAF: Holdings Overlap & Returns
MeasureKDEFWDAF
Return
Total return, 1 year−28.3%−16.2%
Drawdown
Below its all-time high50.7%, high on May 5, 202631.8%, high on May 5, 2026
Benchmark
What it tracksDefenseDefense
Cost and size
Expense ratio0.65%0.45%
Net assets, KDEF as of Aug 31, 2026 and WDAF as of Jun 30, 2026$113m$22m
Holdings
Holdings in common37%

Method

What they share

37%

By the books each fund has filed, KDEF and WDAF hold 37% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

37% in common

Positions both hold · largest shared weight first KDEF WDAF
HANWHA AEROSPACE CO LTD 23.38% 7.31%
HYUNDAI ROTEM COMPANY 7.63% 6.84%
KOREA AEROSPACE INDUSTRIES LTD 6.71% 7.69%
LIG DEFENSE & AEROSPACE CO LTD 6.67% 7.00%
HANWHA OCEAN CO LTD 2.94% 2.98%
HD HYUNDAI HEAVY INDUSTRIES CO LTD 2.55% 3.63%
HANWHA SYSTEMS CO LTD 2.31% 3.66%
WOORI TECHNOLOGY INC 3.58% 0.83%
POONGSAN CORP 6.04% 0.42%
SATREC INITIATIVE CO LTD 3.71% 0.25%
SK OCEANPLANT CO LTD 4.33% 0.17%
HJ SHIPBUILDING & CONSTRUCT CO LTD 3.18% 0.13%
Only in one fund ↓
Only in KDEF
SAMHYUN CO LTD 3.71%
SPHERE CORP 3.36%
HYUNDAI WIA CORP 2.95%
SNT HOLDINGS CO LTD 2.53%
Only in WDAF
HINDUSTAN AERONAUTICS LTD 8.00%
BHARAT ELECTRONICS LTD 7.82%
IHI CORP 4.57%
KAWASAKI HEAVY INDUSTRIES LTD 4.22%
MITSUBISHI HEAVY INDUSTRIES LTD 4.17%
SINGAPORE TECHNOLOGIES ENGINEERING LTD 3.96%
MAZAGON DOCK SHIPBUILDERS LTD 1.83%
BHARAT FORGE LTD 1.75%
Check overlap with more funds →

Window by window

Window by window: KDEF vs WDAF: Holdings Overlap & Returns
Total return
WindowKDEFWDAF
3 months−22.9%−16.4%
6 months−49.1%−31.3%
1 year−28.3%−16.2%
Since launchNot the same days: KDEF Feb 2025 · WDAF Sep 2025+60.9%−16.0%

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 WDAF WisdomTree Asia Defense Fund · Holds 61 stocks in defense, 0% of its weight in S&P 500 companies
Issuer PLUS WisdomTree
Theme Defense Defense
In the S&P 500 0.0% 0.0%
Active share vs the S&P 500 100.0% 100.0%
In the Nasdaq-100 0.0% 0.0%
Holdings 20 61
Top ten, share of the fund 70.4% 61.6%
Expense ratio 0.65% 0.45%
Fee for the differing part 0.65% 0.45%
Total return, 1 year −28.3% −16.2%
vs its benchmark not measured not measured
Below its high −50.7% −31.8%
Net assets, KDEF as of Aug 31, 2026 and WDAF as of Jun 30, 2026 $113m $22m

As of Nov 4, 2026. Source: ETFIQ.

37% of the two portfolios are the same securities at the same weight.

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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.

WDAF

By weight, 0% of WDAF'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 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −16.2% with distributions reinvested. It sits 31.8% below its all-time high of May 5, 2026.

Questions people ask

Do KDEF and WDAF hold the same stocks?
By their latest filings, 37% 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 WDAF?
KDEF has 0% of its weight in S&P 500 names and WDAF has 0%, so KDEF differs more from the index.
Which is cheaper, KDEF or WDAF?
KDEF charges 0.65% a year and WDAF charges 0.45%, so WDAF is cheaper. Fees come from each fund's prospectus.
Other comparisons
KDEF vs FOWFKDEF vs ARMYKDEF vs WARKDEF vs TSSDWDAF vs WDEFWDAF vs ARMYWDAF vs WDGFWDAF vs XDEF
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →KDEF on its own →WDAF on its own →KDEF dividend history →KDEF holdings →WDAF dividend history →WDAF holdings →Method →Standards and sources →
Sources and dates
KDEF filings on SEC EDGAR ↗
KDEF prospectus with the expense ratio (SEC) ↗
PLUS website ↗
WDAF filings on SEC EDGAR ↗
WDAF prospectus with the expense ratio (SEC) ↗
WisdomTree page for WDAF ↗

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.

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ETFIQ, KDEF against WDAF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/kdef-vs-wdaf

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