Data as of .
NATO vs WDAF: which is really different?
NATO and WDAF hold 0% of their weight in the same names, and NATO returned more over the year.
ETFIQ Off-Index Score: WDAF 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
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NATO and WDAF hold 0% of their money in the same securities at the same weight.
| Only in NATO | Only in WDAF |
|---|---|
| General Electric Co 9.73% | HINDUSTAN AERONAUTICS LTD 8.01% |
| RTX Corp 7.61% | BHARAT ELECTRONICS LTD 7.82% |
| Boeing Co/The 7.28% | KOREA AEROSPACE INDUSTRIES LTD 7.70% |
| Rolls-Royce Holdings PLC 7.16% | HANWHA AEROSPACE CO LTD 7.32% |
| Lockheed Martin Corp 5.19% | LIG DEFENSE & AEROSPACE CO LTD 7.01% |
| Airbus SE 5.10% | HYUNDAI ROTEM COMPANY 6.84% |
| Safran SA 4.89% | IHI CORP 4.58% |
| Howmet Aerospace Inc 4.85% | KAWASAKI HEAVY INDUSTRIES LTD 4.22% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| NATO | WDAF | NATO | WDAF | NATO | WDAF | |
| 3 months | −6.6% | −8.2% | −8.9 pts | −10.5 pts | −4.1 pts | −5.8 pts |
| 6 months | −3.4% | −4.9% | −21.5 pts | −22.9 pts | −27.7 pts | −29.1 pts |
| 1 year | +0.6% | −1.4% | −16.0 pts | −17.9 pts | −21.2 pts | −23.1 pts |
| Since launch | +49.9% | −0.1% | +15.4 pts | −17.5 pts | +2.3 pts | −23.7 pts |
| NATO Themes Transatlantic Defense ETF Holds 84 stocks in defense, 58% of its weight in S&P 500 companies | WDAF WisdomTree Asia Defense Fund Holds 61 stocks in defense, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Themes | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 58.4% | 0.0% |
| Active share vs the S&P 500 | 97.6% | 100.0% |
| In the Nasdaq-100 | 5.1% | 0.0% |
| Holdings | 84 | 61 |
| Top ten, share of the fund | 58.8% | 61.6% |
| Expense ratio | 0.35% | 0.45% |
| Fee for the differing part | 0.36% | 0.45% |
| Total return, 1 year | +0.6% | −1.4% |
| vs the S&P 500 | −16.0 pts | −17.9 pts |
| vs the Nasdaq-100 | −21.2 pts | −23.1 pts |
| Below its high | −14.4% | −18.8% |
| Net assets | $95m | $12m |
NATO in plain words
By weight, 58% 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 59% of the fund across 84 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +0.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 16.0 pts. It sits 14.4% below its all-time high of Mar 2, 2026.
WDAF in plain words
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 Sep 18, 2026 the fund returned −1.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.9 pts. It sits 18.8% 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, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, NATO or WDAF?
- NATO has 58% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.
- Which is cheaper, NATO or WDAF?
- NATO charges 0.35% a year and WDAF charges 0.45%, so NATO 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, NATO against WDAF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nato-vs-wdaf Free to use with attribution; the underlying files are at Open data.