Do KDEF and WDEF 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 WDEF?

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

Which is cheaper, KDEF or WDEF?

KDEF charges 0.65% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

KDEF vs WDEF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, KDEF returned −28.3% to WDEF's −5.6%; 0% 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 $88m on Jun 30, 2026 for WisdomTree Europe Defense Fund.

KDEF on its own →WDEF on its own →

At a glance

0.0%

KDEF in the S&P 500

0.0%

WDEF in the S&P 500

−28.3%

KDEF total return, 1 year

−5.6%

WDEF total return, 1 year

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.

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

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

Pair scorecard

WDEF costs 0.20 points a year less; their one-year returns differ by 22.7 points.

KDEF vs WDEF: Holdings Overlap & Returns
Measure	KDEF	WDEF
Return
Measure	KDEF	WDEF
Total return, 1 year	−28.3%	−5.6%
Drawdown
Measure	KDEF	WDEF
Below its all-time high	50.7%, high on May 5, 2026	17.3%, high on Jan 27, 2026
Benchmark
Measure	KDEF	WDEF
What it tracks	Defense	Defense
Cost and size
Measure	KDEF	WDEF
Expense ratio	0.65%	0.45%
Net assets, KDEF as of Aug 31, 2026 and WDEF as of Jun 30, 2026	$113m	$88m
Holdings
Measure	KDEF	WDEF
Holdings in common	0%

Method

What they share

By the books each fund has filed, KDEF and WDEF 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 WDEF

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 WDEF

BAE SYSTEMS PLC 10.11%

THALES SA 10.04%

RHEINMETALL AG 8.62%

SAFRAN SA 5.57%

ROLLS-ROYCE HOLDINGS PLC 5.51%

AIRBUS SE 5.29%

SAAB AB 4.78%

LEONARDO SPA 4.74%

Check overlap with more funds →

Window by window

Window by window: KDEF vs WDEF: Holdings Overlap & Returns
	Total return
Window	KDEF	WDEF
3 months	−22.9%	−10.7%
6 months	−49.1%	−9.1%
1 year	−28.3%	−5.6%
Since launchNot the same days: KDEF Feb 2025 · WDEF Jul 2025	+60.9%	−4.6%

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Side by side

KDEF PLUS Korea Defense Industry Index ETF · Holds 20 stocks in defense, 0% of its weight in S&P 500 companies WDEF WisdomTree Europe Defense Fund · Holds 42 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 42

Top ten, share of the fund 70.4% 63.3%

Expense ratio 0.65% 0.45%

Fee for the differing part 0.65% 0.45%

Total return, 1 year −28.3% −5.6%

vs its benchmark not measured not measured

Below its high −50.7% −17.3%

Net assets, KDEF as of Aug 31, 2026 and WDEF as of Jun 30, 2026 $113m $88m

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.

WDEF

By weight, 0% of WDEF'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 63% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −5.6% with distributions reinvested. It sits 17.3% below its all-time high of Jan 27, 2026.

Questions people ask

Do KDEF and WDEF 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 WDEF?: KDEF has 0% of its weight in S&P 500 names and WDEF has 0%, so KDEF differs more from the index.
Which is cheaper, KDEF or WDEF?: KDEF charges 0.65% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

KDEF vs WDAF KDEF vs MISL KDEF vs EUAD KDEF vs AMMO WDEF vs ARMY WDEF vs WDGF WDEF vs XDEF WDEF vs AMMO

Where to next

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

Sources and dates

KDEF filings on SEC EDGAR ↗

KDEF prospectus with the expense ratio (SEC) ↗

PLUS website ↗

WDEF filings on SEC EDGAR ↗

WDEF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDEF ↗

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 WDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/kdef-vs-wdef

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