Data as of .
MISL vs WDGF: which is really different?
MISL and WDGF hold 46% of their weight in the same names, and MISL returned more over the year.
ETFIQ Off-Index Score: WDGF 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
46% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, MISL and WDGF hold 46% of their money in the same securities at the same weight.
| Holding | MISL | WDGF |
|---|---|---|
| RTX Corporation | 8.30% | 5.46% |
| Palantir Technologies Inc. (Class A) | 11.75% | 4.73% |
| Lockheed Martin Corporation | 4.27% | 4.94% |
| Northrop Grumman Corporation | 4.10% | 4.92% |
| General Dynamics Corporation | 3.95% | 5.19% |
| L3Harris Technologies, Inc. | 3.57% | 3.33% |
| TransDigm Group Incorporated | 3.53% | 2.75% |
| The Boeing Company | 7.48% | 2.55% |
| Rocket Lab Corporation | 3.34% | 2.33% |
| HEICO Corporation | 3.56% | 2.04% |
| Curtiss-Wright Corporation | 2.37% | 1.81% |
| Woodward, Inc. | 2.16% | 1.07% |
| Only in MISL | Only in WDGF |
|---|---|
| Space Exploration Technologies Corp. (Class A) 8.81% | BAE SYSTEMS PLC 5.04% |
| GE Aerospace 7.34% | RHEINMETALL AG 4.27% |
| Howmet Aerospace Inc. 3.56% | THALES SA 3.35% |
| AST SpaceMobile, Inc. 2.56% | ROLLS-ROYCE HOLDINGS PLC 3.04% |
| FTAI Aviation Ltd. 2.21% | HANWHA AEROSPACE CO LTD 2.51% |
| Textron Inc. 1.56% | ELBIT SYSTEMS LTD 2.15% |
| Hexcel Corporation 0.75% | HINDUSTAN AERONAUTICS LTD 2.09% |
| Intuitive Machines, Inc. (Class A) 0.34% | LEONARDO SPA 2.07% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| MISL | WDGF | MISL | WDGF | MISL | WDGF | |
| 3 months | −8.7% | −2.8% | −10.9 pts | −5.1 pts | −6.2 pts | −0.3 pts |
| 6 months | −7.5% | −8.3% | −25.5 pts | −26.3 pts | −31.7 pts | −32.5 pts |
| 1 year | +6.4% | −0.4% | −10.2 pts | −17.0 pts | −15.4 pts | −22.2 pts |
| 3 years | +93.1% | not published | +14.7 pts | not published | −5.1 pts | not published |
| Since launch | +109.5% | +0.5% | −0.6 pts | −17.0 pts | −56.0 pts | −23.1 pts |
| MISL First Trust Indxx Aerospace & Defense ETF Holds 40 stocks in defense, 62% of its weight in S&P 500 companies | WDGF WisdomTree Global Defense Fund Holds 115 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 62.4% | 34.9% |
| Active share vs the S&P 500 | 97.5% | 98.3% |
| In the Nasdaq-100 | 11.8% | 4.7% |
| Holdings | 40 | 115 |
| Top ten, share of the fund | 63.1% | 44.3% |
| Expense ratio | 0.60% | 0.45% |
| Fee for the differing part | 0.62% | 0.46% |
| Total return, 1 year | +6.4% | −0.4% |
| vs the S&P 500 | −10.2 pts | −17.0 pts |
| vs the Nasdaq-100 | −15.4 pts | −22.2 pts |
| Below its high | −16.9% | −14.8% |
| Net assets | $704m | $5m |
MISL in plain words
By weight, 62% of MISL'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 63% of the fund across 40 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +6.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 10.2 pts. It sits 16.9% below its all-time high of Jan 16, 2026.
WDGF in plain words
By weight, 35% of WDGF'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 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −0.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.0 pts. It sits 14.8% below its all-time high of Mar 9, 2026.
Questions people ask
- Do MISL and WDGF hold the same stocks?
- By their latest filings, 46% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, MISL or WDGF?
- MISL has 62% of its weight in S&P 500 names and WDGF has 35%, so WDGF differs more from the index.
- Which is cheaper, MISL or WDGF?
- MISL charges 0.60% a year and WDGF charges 0.45%, so WDGF is cheaper. Fees come from each fund's prospectus.
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, MISL against WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/misl-vs-wdgf Free to use with attribution; the underlying files are at Open data.