Do SHLD and WDEF hold the same stocks?

By their latest filings, 15% 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 WDEF?

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

Which is cheaper, SHLD or WDEF?

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

Data as of Nov 4, 2026.

Thematic ETFs

SHLD vs WDEF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, SHLD returned −8.5% to WDEF's −5.6%; 15% 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 $88m on Jun 30, 2026 for WisdomTree Europe Defense Fund.

SHLD on its own →WDEF on its own →

At a glance

52.8%

SHLD in the S&P 500

0.0%

WDEF in the S&P 500

−8.5%

SHLD total return, 1 year

−5.6%

WDEF 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.

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

0% of WDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDEF costs 0.05 points a year less; their one-year returns differ by 2.9 points.

SHLD vs WDEF: Holdings Overlap & Returns
Measure	SHLD	WDEF
Return
Measure	SHLD	WDEF
Total return, 1 year	−8.5%	−5.6%
Drawdown
Measure	SHLD	WDEF
Below its all-time high	21.4%, high on Mar 9, 2026	17.3%, high on Jan 27, 2026
Benchmark
Measure	SHLD	WDEF
What it tracks	Defense	Defense
Cost and size
Measure	SHLD	WDEF
Expense ratio	0.50%	0.45%
Net assets, SHLD as of Oct 12, 2026 and WDEF as of Jun 30, 2026	$6.3bn	$88m
Holdings
Measure	SHLD	WDEF
Holdings in common	15%

Method

What they share

15%

By the books each fund has filed, SHLD and WDEF hold 15% 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

15% in common

Positions both hold · largest shared weight first SHLD WDEF

BAE SYSTEMS PLC 4.62% 10.11%

THALES SA 3.72% 10.04%

KONGSBERG GRUPPEN ASA 2.05% 4.56%

BABCOCK INTERNATIONAL GROUP PLC 0.97% 3.07%

Hensoldt AG 0.89% 4.09%

DASSAULT AVIATION SA 0.83% 4.10%

CSG NV 0.47% 1.24%

QINETIQ GROUP PLC 0.37% 1.39%

TKMS AG & Co KgaA 0.37% 2.93%

CHEMRING GROUP PLC 0.28% 0.87%

EXAIL TECHNOLOGIES SA 0.19% 1.32%

Bittium Oyj 0.19% 0.66%

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%

Rheinmetall Aktiengesellschaft 4.04%

HANWHA AEROSPACE CO., LTD. 3.81%

L3HARRIS TECHNOLOGIES, INC. 3.80%

Only in WDEF

RHEINMETALL AG 8.62%

SAFRAN SA 5.57%

ROLLS-ROYCE HOLDINGS PLC 5.51%

AIRBUS SE 5.29%

SAAB AB 4.78%

LEONARDO SPA 4.74%

INDRA SISTEMAS SA 2.96%

MELROSE INDUSTRIES PLC 2.52%

Check overlap with more funds →

Window by window

Window by window: SHLD vs WDEF: Holdings Overlap & Returns
	Total return
Window	SHLD	WDEF
3 months	−9.2%	−10.7%
6 months	−9.7%	−9.1%
1 year	−8.5%	−5.6%
3 years	+133.6%	–
Since launchNot the same days: SHLD Sep 2023 · WDEF Jul 2025	+151.4%	−4.6%

– 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 WDEF WisdomTree Europe Defense Fund · Holds 42 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 42

Top ten, share of the fund 64.8% 63.3%

Expense ratio 0.50% 0.45%

Fee for the differing part 0.51% 0.45%

Total return, 1 year −8.5% −5.6%

vs its benchmark not measured not measured

Below its high −21.4% −17.3%

Net assets, SHLD as of Oct 12, 2026 and WDEF as of Jun 30, 2026 $6.3bn $88m

As of Nov 4, 2026. Source: ETFIQ.

15% 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.

WDEF

By weight, 0% of WDEF'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 63% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −5.6% with distributions reinvested. It sits 17.3% below its all-time high of Jan 27, 2026.

Questions people ask

Do SHLD and WDEF hold the same stocks?: By their latest filings, 15% 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 WDEF?: SHLD has 53% of its weight in S&P 500 names and WDEF has 0%, so WDEF differs more from the index.
Which is cheaper, SHLD or WDEF?: SHLD charges 0.50% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

SHLD vs WDAF SHLD vs TSSD SHLD vs EUAD SHLD vs WDGF WDEF vs XAR WDEF vs IDEF WDEF vs EUAD WDEF vs GCAD

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →SHLD on its own →WDEF on its own →SHLD dividend history →SHLD holdings →WDEF dividend history →WDEF 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 ↗

WDEF filings on SEC EDGAR ↗

WDEF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDEF ↗

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 WDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/shld-vs-wdef

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.