Do SHLD and WDAF hold the same stocks?

By their latest filings, 7% 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, SHLD or WDAF?

SHLD has 53% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.

Which is cheaper, SHLD or WDAF?

SHLD charges 0.50% a year and WDAF charges 0.45%, so WDAF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

SHLD vs WDAF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, SHLD returned −8.5% to WDAF's −16.2%; 7% of their weight is in the same names.

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Net assets: $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF, and $22m on Jun 30, 2026 for WisdomTree Asia Defense Fund.

SHLD on its own →WDAF on its own →

At a glance

52.8%

SHLD in the S&P 500

0.0%

WDAF in the S&P 500

−8.5%

SHLD total return, 1 year

−16.2%

WDAF total return, 1 year

SHLD · 1 year to Nov 4, 2026 47% of its weight is outside the S&P 500

53% of SHLD's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Aug 31, 2026.

WDAF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

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

WDAF costs 0.05 points a year less; their one-year returns differ by 7.7 points.

SHLD vs WDAF: Holdings Overlap & Returns
Measure	SHLD	WDAF
Return
Measure	SHLD	WDAF
Total return, 1 year	−8.5%	−16.2%
Drawdown
Measure	SHLD	WDAF
Below its all-time high	21.4%, high on Mar 9, 2026	31.8%, high on May 5, 2026
Benchmark
Measure	SHLD	WDAF
What it tracks	Defense	Defense
Cost and size
Measure	SHLD	WDAF
Expense ratio	0.50%	0.45%
Net assets, SHLD as of Oct 12, 2026 and WDAF as of Jun 30, 2026	$6.3bn	$22m
Holdings
Measure	SHLD	WDAF
Holdings in common	7%

Method

What they share

By the books each fund has filed, SHLD and WDAF hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first SHLD WDAF

HANWHA AEROSPACE CO., LTD. 3.81% 7.31%

KOREA AEROSPACE INDUSTRIES, LTD. 0.92% 7.69%

LIG Defense&Aerospace Co., Ltd 0.91% 7.00%

HANWHA SYSTEMS Co., Ltd. 0.58% 3.66%

Electro Optic Systems Holdings Limited 0.16% 1.44%

DroneShield Limited 0.16% 1.51%

AUSTAL LIMITED 0.10% 1.07%

Only in one fund ↓

Only in SHLD

PALANTIR TECHNOLOGIES INC. 10.80%

RTX CORPORATION 9.31%

GENERAL DYNAMICS CORPORATION 8.59%

LOCKHEED MARTIN CORPORATION 8.34%

Northrop Grumman Corporation 7.71%

BAE SYSTEMS PLC 4.62%

Rheinmetall Aktiengesellschaft 4.04%

L3HARRIS TECHNOLOGIES, INC. 3.80%

Only in WDAF

HINDUSTAN AERONAUTICS LTD 8.00%

BHARAT ELECTRONICS LTD 7.82%

HYUNDAI ROTEM COMPANY 6.84%

IHI CORP 4.57%

KAWASAKI HEAVY INDUSTRIES LTD 4.22%

MITSUBISHI HEAVY INDUSTRIES LTD 4.17%

SINGAPORE TECHNOLOGIES ENGINEERING LTD 3.96%

HD HYUNDAI HEAVY INDUSTRIES CO LTD 3.63%

Check overlap with more funds →

Window by window

Window by window: SHLD vs WDAF: Holdings Overlap & Returns
	Total return
Window	SHLD	WDAF
3 months	−9.2%	−16.4%
6 months	−9.7%	−31.3%
1 year	−8.5%	−16.2%
3 years	+133.6%	–
Since launchNot the same days: SHLD Sep 2023 · WDAF Sep 2025	+151.4%	−16.0%

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

Side by side

SHLD Global X Defense Tech ETF · Holds 50 stocks in defense, 53% 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 Global X WisdomTree

Theme Defense Defense

In the S&P 500 52.8% 0.0%

Active share vs the S&P 500 98.7% 100.0%

In the Nasdaq-100 10.8% 0.0%

Holdings 50 61

Top ten, share of the fund 64.8% 61.6%

Expense ratio 0.50% 0.45%

Fee for the differing part 0.51% 0.45%

Total return, 1 year −8.5% −16.2%

vs its benchmark not measured not measured

Below its high −21.4% −31.8%

Net assets, SHLD as of Oct 12, 2026 and WDAF as of Jun 30, 2026 $6.3bn $22m

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Alert

About each fund

SHLD

By weight, 53% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 65% of the fund across 50 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −8.5% with distributions reinvested. It sits 21.4% below its all-time high of Mar 9, 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 SHLD and WDAF hold the same stocks?: By their latest filings, 7% 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, SHLD or WDAF?: SHLD has 53% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.
Which is cheaper, SHLD or WDAF?: SHLD charges 0.50% a year and WDAF charges 0.45%, so WDAF is cheaper. Fees come from each fund's prospectus.

Other comparisons

SHLD vs WAR SHLD vs AV SHLD vs IDEF SHLD vs XAR WDAF vs AMMO WDAF vs DUTY WDAF vs AV WDAF vs XAR

Where to next

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

Sources and dates

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

WDAF filings on SEC EDGAR ↗

WDAF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDAF ↗

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, SHLD against WDAF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/shld-vs-wdaf

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