Data as of Nov 4, 2026.
KDEF vs XAR: Holdings Overlap & Returns
Over the year to Nov 4, 2026, KDEF returned −28.3% to XAR's −6.6%; 0% of their weight is in the same names.
askIQ about this page
askIQ about KDEF and XAR
Net assets: $113m on Aug 31, 2026 for PLUS Korea Defense Industry Index ETF, and $5.3bn on Nov 3, 2026 for State Street SPDR S&P Aerospace & Defense ETF.
0% of KDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.
40% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
XAR costs 0.30 points a year less; their one-year returns differ by 21.7 points.
Points (pts) are percentage points.
| Measure | KDEF | XAR |
|---|---|---|
| Return | ||
| Total return, 1 year | −28.3% | −6.6% |
| Drawdown | ||
| Below its all-time high | 50.7%, high on May 5, 2026 | 24.0%, high on Aug 14, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Defense |
| Against the S&P 500, 1 year | behind by 21.4 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 21.4 pts | |
| Cost and size | ||
| Expense ratio | 0.65% | 0.35% |
| Net assets, KDEF as of Aug 31, 2026 and XAR as of Nov 3, 2026 | $113m | $5.3bn |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Feb 14, 2025 to Oct 30, 2026 · 89 weekly returnsFrom Feb 2025 to Oct 2026, XAR returned slightly more: +35.5% to +33.5%. XAR swung less: 28.5% to 50.9%. XAR fell less at its worst: −26.6% to −51.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | KDEF | XAR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +33.5% | +35.5% | XAR (slight) | Price change plus distributions, reinvested. |
| Annualized | +18.4% | +19.4% | XAR (slight) | Total return as a yearly rate. |
| Price return | +25.4% | +34.7% | XAR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 50.9% | 28.5% | XAR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 34.7% | 18.2% | XAR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −51.6% | −26.6% | XAR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.51 | 0.62 | XAR | Return above Treasury bills per unit of volatility. |
| Sortino | 0.74 | 0.98 | XAR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.36 | 0.73 | XAR | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 89 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, KDEF and XAR hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | KDEF | XAR | KDEF | XAR |
| 3 months | −22.9% | −20.0% | not measured | −19.9 pts vs VOO |
| 6 months | −49.1% | −15.6% | not measured | −20.6 pts vs VOO |
| 1 year | −28.3% | −6.6% | not measured | −21.4 pts vs VOO |
| 3 years | – | +89.1% | – | +5.8 pts vs VOO |
| Since launchNot the same days: KDEF Feb 2025 · XAR Sep 2011 | +60.9% | +948.0% | not measured | +180.8 pts vs VOO |
– means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
Client brief:
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
XAR
By weight, 40% of XAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 33% of the fund across 50 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.6% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 21.4 pts. It sits 24.0% below its all-time high of Aug 14, 2026.
Questions people ask
- Do KDEF and XAR 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.
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 XAR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/kdef-vs-xar
ETFIQ. (Nov 4, 2026). KDEF against XAR. Retrieved from https://etfiq.com/compare/themes/kdef-vs-xar
[KDEF against XAR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/kdef-vs-xar)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.