Data as of Nov 4, 2026.
NATO vs WDAF: Holdings Overlap & Returns
Over the year to Nov 4, 2026, NATO returned −1.8% to WDAF's −16.2%; 0% of their weight is in the same names.
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Net assets: $88m on Nov 4, 2026 for Themes Transatlantic Defense ETF, and $22m on Jun 30, 2026 for WisdomTree Asia Defense Fund.
55% of NATO's weight is in S&P 500 companies and 46% is outside the index. Holdings as of Nov 4, 2026.
0% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
NATO costs 0.10 points a year less; their one-year returns differ by 14.4 points.
Points (pts) are percentage points.
| Measure | NATO | WDAF |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.8% | −16.2% |
| Drawdown | ||
| Below its all-time high | 16.1%, high on Mar 2, 2026 | 31.8%, high on May 5, 2026 |
| Against its benchmark | ||
| What it tracks | Defense | Defense |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | behind by 16.8 pts | |
| Cost and size | ||
| Expense ratio | 0.35% | 0.45% |
| Net assets, NATO as of Nov 4, 2026 and WDAF as of Jun 30, 2026 | $88m | $22m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, NATO and WDAF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | NATO | WDAF | NATO | WDAF |
| 3 months | −14.7% | −16.4% | −13.4 pts vs ACWI | not measured |
| 6 months | −6.9% | −31.3% | −9.5 pts vs ACWI | not measured |
| 1 year | −1.8% | −16.2% | −16.8 pts vs ACWI | not measured |
| Since launchNot the same days: NATO Oct 2024 · WDAF Sep 2025 | +47.0% | −16.0% | +10.9 pts vs ACWI | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
NATO
By weight, 54% of NATO'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 61% of the fund across 83 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −1.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Net Total Return Index, so a holder was behind by 16.8 pts. It sits 16.1% below its all-time high of Mar 2, 2026.
WDAF
By weight, 0% of WDAF'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 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −16.2% with distributions reinvested. It sits 31.8% below its all-time high of May 5, 2026.
Questions people ask
- Do NATO and WDAF 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, NATO against WDAF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/nato-vs-wdaf
ETFIQ. (Nov 4, 2026). NATO against WDAF. Retrieved from https://etfiq.com/compare/themes/nato-vs-wdaf
[NATO against WDAF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/nato-vs-wdaf)
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