Data as of .
KDEF vs WR: which is really different?
KDEF and WR hold 0% of their weight in the same names.
ETFIQ Off-Index Score: KDEF scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, KDEF and WR hold 0% of their money in the same securities at the same weight.
| Only in KDEF | Only in WR |
|---|---|
| HANWHA AEROSPACE CO LTD 18.69% | ExxonMobil Holdings Corp 8.60% |
| HYUNDAI ROTEM COMPANY 17.07% | Chevron Corp 6.37% |
| LIG DEFENSE & AEROSPACE CO LTD 5.87% | Palantir Technologies Inc 5.66% |
| HD HYUNDAI HEAVY INDUSTRIES CO LTD 4.79% | RTX Corp 5.04% |
| KOREA AEROSPACE INDUSTRIES LTD 4.58% | Marathon Petroleum Corp 4.41% |
| FIRSTEC COMPANY LTD 4.53% | Valero Energy Corp 4.29% |
| POONGSAN CORP 4.14% | Phillips 66 4.04% |
| HANWHA SYSTEMS CO LTD 4.12% | ConocoPhillips 3.90% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KDEF | WR | KDEF | WR | KDEF | WR | |
| 3 months | −11.8% | +11.1% | −14.1 pts | +8.8 pts | −9.3 pts | +13.6 pts |
| 6 months | −18.0% | not published | −36.0 pts | not published | −42.2 pts | not published |
| 1 year | −8.0% | not published | −24.5 pts | not published | −29.7 pts | not published |
| Since launch | +113.7% | +7.9% | +85.1 pts | +3.6 pts | +75.7 pts | +4.1 pts |
| KDEF PLUS Korea Defense Industry Index ETF Holds 20 stocks in defense, 0% of its weight in S&P 500 companies | WR Corgi U.S. War Machine ETF Holds 57 stocks in defense, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | PLUS | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 0.0% | 70.0% |
| Active share vs the S&P 500 | 100.0% | 96.6% |
| In the Nasdaq-100 | 0.0% | 9.2% |
| Holdings | 20 | 57 |
| Top ten, share of the fund | 71.4% | 48.7% |
| Expense ratio | 0.65% | not published |
| Fee for the differing part | 0.65% | not published |
| Total return, 1 year | −8.0% | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −24.5 pts | +3.6 pts |
| vs the Nasdaq-100 | −29.7 pts | +4.1 pts |
| Below its high | −34.6% | −3.9% |
| Net assets | $157m | $945,672 |
KDEF in plain words
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 71% of the fund across 20 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −8.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 24.5 pts. It sits 34.6% below its all-time high of May 5, 2026.
WR in plain words
By weight, 70% 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 49% of the fund across 57 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +7.9% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 3.6 pts.
Questions people ask
- Do KDEF and WR hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, KDEF or WR?
- KDEF has 0% of its weight in S&P 500 names and WR has 70%, so KDEF differs more from the index.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, KDEF against WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/kdef-vs-wr Free to use with attribution; the underlying files are at Open data.