Data as of .
MISL vs WR: which is really different?
MISL and WR hold 31% of their weight in the same names.
ETFIQ Off-Index Score: MISL 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
31% 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 WR hold 31% of their money in the same securities at the same weight.
| Holding | MISL | WR |
|---|---|---|
| Palantir Technologies Inc. (Class A) | 11.75% | 5.66% |
| RTX Corporation | 8.30% | 5.04% |
| Lockheed Martin Corporation | 4.27% | 3.55% |
| General Dynamics Corporation | 3.95% | 2.87% |
| Howmet Aerospace Inc. | 3.56% | 2.55% |
| TransDigm Group Incorporated | 3.53% | 1.61% |
| Rocket Lab Corporation | 3.34% | 1.34% |
| Leidos Holdings, Inc. | 1.81% | 1.04% |
| CACI International Inc. | 1.56% | 0.93% |
| Huntington Ingalls Industries, Inc. | 1.21% | 0.81% |
| Moog Inc. | 1.31% | 0.81% |
| Kratos Defense & Security Solutions, Inc | 1.00% | 0.74% |
| Only in MISL | Only in WR |
|---|---|
| Space Exploration Technologies Corp. (Cl 8.81% | ExxonMobil Holdings Corp 8.60% |
| The Boeing Company 7.48% | Chevron Corp 6.37% |
| GE Aerospace 7.34% | Marathon Petroleum Corp 4.41% |
| Northrop Grumman Corporation 4.10% | Valero Energy Corp 4.29% |
| L3Harris Technologies, Inc. 3.57% | Phillips 66 4.04% |
| HEICO Corporation 3.56% | ConocoPhillips 3.90% |
| AST SpaceMobile, Inc. 2.56% | EOG Resources Inc 2.67% |
| Curtiss-Wright Corporation 2.37% | Williams Cos Inc/The 2.61% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| MISL | WR | MISL | WR | MISL | WR | |
| 3 months | −8.7% | +11.1% | −10.9 pts | +8.8 pts | −6.2 pts | +13.6 pts |
| 6 months | −7.5% | not published | −25.5 pts | not published | −31.7 pts | not published |
| 1 year | +6.4% | not published | −10.2 pts | not published | −15.4 pts | not published |
| 3 years | +93.1% | not published | +14.7 pts | not published | −5.1 pts | not published |
| Since launch | +109.5% | +7.9% | −0.6 pts | +3.6 pts | −56.0 pts | +4.1 pts |
| MISL First Trust Indxx Aerospace & Defense ETF Holds 40 stocks in defense, 62% 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 | First Trust | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 62.4% | 70.0% |
| Active share vs the S&P 500 | 97.5% | 96.6% |
| In the Nasdaq-100 | 11.8% | 9.2% |
| Holdings | 40 | 57 |
| Top ten, share of the fund | 63.1% | 48.7% |
| Expense ratio | 0.60% | not published |
| Fee for the differing part | 0.62% | not published |
| Total return, 1 year | +6.4% | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −10.2 pts | +3.6 pts |
| vs the Nasdaq-100 | −15.4 pts | +4.1 pts |
| Below its high | −16.9% | −3.9% |
| Net assets | $704m | $945,672 |
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.
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 MISL and WR hold the same stocks?
- By their latest filings, 31% 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 WR?
- MISL has 62% of its weight in S&P 500 names and WR has 70%, so MISL 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, MISL against WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/misl-vs-wr Free to use with attribution; the underlying files are at Open data.