Data as of .
NATO vs WDGF: which is really different?
NATO and WDGF hold 46% of their weight in the same names, and NATO 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, NATO and WDGF hold 46% of their money in the same securities at the same weight.
| Holding | NATO | WDGF |
|---|---|---|
| RTX Corp | 7.61% | 5.46% |
| Lockheed Martin Corp | 5.19% | 4.94% |
| General Dynamics Corp | 3.63% | 5.19% |
| BAE Systems PLC | 3.38% | 5.04% |
| Northrop Grumman Corp | 3.37% | 4.92% |
| Rolls-Royce Holdings PLC | 7.16% | 3.04% |
| TransDigm Group Inc | 3.40% | 2.75% |
| Boeing Co/The | 7.28% | 2.55% |
| L3Harris Technologies Inc | 2.52% | 3.33% |
| Rheinmetall AG | 2.41% | 4.27% |
| Rocket Lab Corp | 2.51% | 2.33% |
| Curtiss-Wright Corp | 1.31% | 1.81% |
| Only in NATO | Only in WDGF |
|---|---|
| General Electric Co 9.73% | PALANTIR TECHNOLOGIES INC 4.73% |
| Safran SA 4.89% | HANWHA AEROSPACE CO LTD 2.51% |
| Howmet Aerospace Inc 4.85% | ELBIT SYSTEMS LTD 2.15% |
| Honeywell International Inc 3.15% | HINDUSTAN AERONAUTICS LTD 2.09% |
| Honeywell Aerospace Inc 3.11% | BHARAT ELECTRONICS LTD 2.06% |
| Axon Enterprise Inc 1.91% | KONGSBERG GRUPPEN ASA 1.28% |
| Teledyne Technologies Inc 1.44% | SINGAPORE TECHNOLOGIES ENGINEERING LTD 1.10% |
| FTAI Aviation Ltd 1.27% | WOODWARD INC 1.07% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| NATO | WDGF | NATO | WDGF | NATO | WDGF | |
| 3 months | −6.6% | −2.8% | −8.9 pts | −5.1 pts | −4.1 pts | −0.3 pts |
| 6 months | −3.4% | −8.3% | −21.5 pts | −26.3 pts | −27.7 pts | −32.5 pts |
| 1 year | +0.6% | −0.4% | −16.0 pts | −17.0 pts | −21.2 pts | −22.2 pts |
| Since launch | +49.9% | +0.5% | +15.4 pts | −17.0 pts | +2.3 pts | −23.1 pts |
| NATO Themes Transatlantic Defense ETF Holds 84 stocks in defense, 58% 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 | Themes | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 58.4% | 34.9% |
| Active share vs the S&P 500 | 97.6% | 98.3% |
| In the Nasdaq-100 | 5.1% | 4.7% |
| Holdings | 84 | 115 |
| Top ten, share of the fund | 58.8% | 44.3% |
| Expense ratio | 0.35% | 0.45% |
| Fee for the differing part | 0.36% | 0.46% |
| Total return, 1 year | +0.6% | −0.4% |
| vs the S&P 500 | −16.0 pts | −17.0 pts |
| vs the Nasdaq-100 | −21.2 pts | −22.2 pts |
| Below its high | −14.4% | −14.8% |
| Net assets | $95m | $5m |
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.
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 NATO 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, NATO or WDGF?
- NATO has 58% of its weight in S&P 500 names and WDGF has 35%, so WDGF differs more from the index.
- Which is cheaper, NATO or WDGF?
- NATO charges 0.35% a year and WDGF 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 WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/nato-vs-wdgf Free to use with attribution; the underlying files are at Open data.