Do KDEF and XDEF 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 XDEF?

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

Which is cheaper, KDEF or XDEF?

KDEF charges 0.65% a year and XDEF charges 0.35%, so XDEF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

KDEF vs XDEF: Holdings Overlap & Returns

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

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Net assets: $113m on Aug 31, 2026 for PLUS Korea Defense Industry Index ETF, and $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.

KDEF on its own →XDEF on its own →

At a glance

0.0%

KDEF in the S&P 500

0.0%

XDEF in the S&P 500

−28.3%

KDEF total return, 1 year

−12.4%

XDEF total return, since launch, Feb 19, 2026

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.

XDEF · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500

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

Pair scorecard

XDEF costs 0.30 points a year less.

KDEF vs XDEF: Holdings Overlap & Returns
Measure	KDEF	XDEF
Return
Measure	KDEF	XDEF
Total return, 1 year	−28.3%	not published
Drawdown
Measure	KDEF	XDEF
Below its all-time high	50.7%, high on May 5, 2026	13.0%, high on Feb 20, 2026
Benchmark
Measure	KDEF	XDEF
What it tracks	Defense	Defense
Cost and size
Measure	KDEF	XDEF
Expense ratio	0.65%	0.35%
Net assets, KDEF as of Aug 31, 2026 and XDEF as of Nov 2, 2026	$113m	$4.3m
Holdings
Measure	KDEF	XDEF
Holdings in common	0%

Method

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first KDEF XDEF

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 XDEF

ROLLS-ROYCE HOLDINGS PLC 9.20%

SAFRAN SA 8.53%

AIRBUS SE 8.40%

BAE SYSTEMS PLC 7.93%

RHEINMETALL AG 6.81%

SAAB AB 4.90%

MTU AERO ENGINES AG 4.83%

MELROSE INDUSTRIES PLC 4.66%

Check overlap with more funds →

Window by window

Window by window: KDEF vs XDEF: Holdings Overlap & Returns
	Total return
Window	KDEF	XDEF
3 months	−22.9%	−9.7%
6 months	−49.1%	−5.7%
1 year	−28.3%	–
Since launchNot the same days: KDEF Feb 2025 · XDEF Feb 2026	+60.9%	−12.4%

– 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 XDEF Xtrackers Europe Defense Technologies ETF · Holds 35 stocks in defense, 0% of its weight in S&P 500 companies

Issuer PLUS Xtrackers

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 35

Top ten, share of the fund 70.4% 64.0%

Expense ratio 0.65% 0.35%

Fee for the differing part 0.65% 0.35%

Total return, 1 year −28.3% −12.4% (since launch, Feb 19, 2026)

vs its benchmark not measured not measured

Below its high −50.7% −13.0%

Net assets, KDEF as of Aug 31, 2026 and XDEF as of Nov 2, 2026 $113m $4.3m

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.

XDEF

By weight, 0% of XDEF'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 64% of the fund across 35 positions, as filed for Aug 31, 2026. Since it first traded on Feb 19, 2026 the fund returned −12.4% with distributions reinvested. It sits 13.0% below its all-time high of Feb 20, 2026.

Questions people ask

Do KDEF and XDEF 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 XDEF?: KDEF has 0% of its weight in S&P 500 names and XDEF has 0%, so KDEF differs more from the index.
Which is cheaper, KDEF or XDEF?: KDEF charges 0.65% a year and XDEF charges 0.35%, so XDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

KDEF vs XAR KDEF vs WDGF KDEF vs TSSD KDEF vs AMMO XDEF vs ARMY XDEF vs AMMO XDEF vs AV XDEF vs NATO

Where to next

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

Sources and dates

KDEF filings on SEC EDGAR ↗

KDEF prospectus with the expense ratio (SEC) ↗

PLUS website ↗

XDEF filings on SEC EDGAR ↗

XDEF prospectus with the expense ratio (SEC) ↗

Xtrackers 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.

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

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