Do MISL and WDGF hold the same stocks?

By their latest filings, 47% 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, MISL or WDGF?

MISL has 66% 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.

Data as of Nov 4, 2026.

Thematic ETFs

MISL vs WDGF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, MISL returned −2.3% to WDGF's −2.9%; 47% of their weight is in the same names.

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Net assets: $685m on Nov 3, 2026 for First Trust Indxx Aerospace & Defense ETF, and $5.3m on Jun 30, 2026 for WisdomTree Global Defense Fund.

MISL on its own →WDGF on its own →

At a glance

65.9%

MISL in the S&P 500

34.9%

WDGF in the S&P 500

−2.3%

MISL total return, 1 year

−2.9%

WDGF total return, 1 year

MISL · 1 year to Nov 4, 2026 34% of its weight is outside the S&P 500

66% of MISL's weight is in S&P 500 companies and 34% is outside the index. Holdings as of Nov 3, 2026.

WDGF · 1 year to Nov 4, 2026 65% of its weight is outside the S&P 500

35% of WDGF's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDGF costs 0.15 points a year less; their one-year returns differ by 0.6 points.

Points (pts) are percentage points.

MISL vs WDGF: Holdings Overlap & Returns
Measure	MISL	WDGF
Return
Measure	MISL	WDGF
Total return, 1 year	−2.3%	−2.9%
Drawdown
Measure	MISL	WDGF
Below its all-time high	19.1%, high on Jan 16, 2026	16.9%, high on Mar 9, 2026
Against its benchmark
Measure	MISL	WDGF
What it tracks	Defense	Defense
Against the S&P 500, 1 year	behind by 17.1 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 17.1 pts
Cost and size
Measure	MISL	WDGF
Expense ratio	0.60%	0.45%
Net assets, MISL as of Nov 3, 2026 and WDGF as of Jun 30, 2026	$685m	$5.3m
Holdings
Measure	MISL	WDGF
Holdings in common	47%

Method

What they share

47%

By the books each fund has filed, MISL and WDGF hold 47% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

47% in common

Positions both hold · largest shared weight first MISL WDGF

RTX Corporation 8.62% 5.46%

Lockheed Martin Corporation 4.93% 4.93%

Palantir Technologies Inc. (Class A) 6.60% 4.72%

Northrop Grumman Corporation 4.50% 4.92%

General Dynamics Corporation 4.45% 5.18%

L3Harris Technologies, Inc. 4.61% 3.33%

TransDigm Group Incorporated 4.29% 2.75%

The Boeing Company 7.16% 2.55%

Rocket Lab Corporation 3.14% 2.33%

HEICO Corporation 4.24% 2.04%

Curtiss-Wright Corporation 1.95% 1.80%

Woodward, Inc. 2.08% 1.07%

Only in one fund ↓

Only in MISL

GE Aerospace 8.18%

Space Exploration Technologies Corp. (Class A) 6.84%

Honeywell Aerospace Inc. 3.92%

Howmet Aerospace Inc. 3.90%

FTAI Aviation Ltd. 2.18%

Textron Inc. 1.60%

AST SpaceMobile, Inc. 1.53%

Hexcel Corporation 0.66%

Only in WDGF

BAE SYSTEMS PLC 5.04%

RHEINMETALL AG 4.27%

THALES SA 3.35%

ROLLS-ROYCE HOLDINGS PLC 3.04%

HANWHA AEROSPACE CO LTD 2.51%

ELBIT SYSTEMS LTD 2.15%

HINDUSTAN AERONAUTICS LTD 2.09%

LEONARDO SPA 2.07%

Check overlap with more funds →

Window by window

Window by window: MISL vs WDGF: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	MISL	WDGF	MISL	WDGF
3 months	−10.2%	−9.9%	−10.1 pts vs VOO	not measured
6 months	−7.5%	−9.6%	−12.5 pts vs VOO	not measured
1 year	−2.3%	−2.9%	−17.1 pts vs VOO	not measured
3 years	+79.3%	–	−4.0 pts vs VOO	–
Since launchNot the same days: MISL Oct 2022 · WDGF Sep 2025	+103.7%	−2.1%	−8.3 pts vs VOO	not measured

– means no data for this window. Open this comparison in the app →

Side by side

MISL First Trust Indxx Aerospace & Defense ETF · Holds 44 stocks in defense, 66% 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 65.9% 34.9%

Active share vs the S&P 500 97.4% 98.3%

In the Nasdaq-100 20.5% 7.1%

Holdings 44 115

Top ten, share of the fund 60.2% 44.2%

Expense ratio 0.60% 0.45%

Fee for the differing part 0.62% 0.46%

Total return, 1 year −2.3% −2.9%

vs its benchmark −17.1 pts vs VOO not measured

Below its high −19.1% −16.9%

Net assets, MISL as of Nov 3, 2026 and WDGF as of Jun 30, 2026 $685m $5.3m

As of Nov 4, 2026. Source: ETFIQ.

47% of the two portfolios are the same securities at the same weight.

Alert

About each fund

MISL

By weight, 66% of MISL'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 60% of the fund across 44 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −2.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 17.1 pts. It sits 19.1% below its all-time high of Jan 16, 2026.

WDGF

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 Nov 4, 2026 the fund returned −2.9% with distributions reinvested. It sits 16.9% below its all-time high of Mar 9, 2026.

Questions people ask

Do MISL and WDGF hold the same stocks?: By their latest filings, 47% 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, MISL or WDGF?: MISL has 66% 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

MISL vs WR MISL vs AV MISL vs WDEF MISL vs XAR WDGF vs XAR WDGF vs ARMY WDGF vs XDEF WDGF vs AMMO

Where to next

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

Sources and dates

MISL filings on SEC EDGAR ↗

MISL prospectus with the expense ratio (SEC) ↗

First Trust page for MISL ↗

WDGF filings on SEC EDGAR ↗

WDGF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDGF ↗

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, MISL against WDGF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/misl-vs-wdgf

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