Data as of .
SHLD vs WDGF: which is really different?
SHLD and WDGF hold 60% of their weight in the same names, and WDGF returned more over the year.
ETFIQ Off-Index Score: SHLD 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
60% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, SHLD and WDGF hold 60% of their money in the same securities at the same weight.
| Holding | SHLD | WDGF |
|---|---|---|
| RTX CORPORATION | 9.10% | 5.46% |
| GENERAL DYNAMICS CORP | 8.54% | 5.19% |
| LOCKHEED MARTIN CORP | 8.29% | 4.94% |
| NORTHROP GRUMMAN CORP | 7.88% | 4.92% |
| PALANTIR TECHNOLOGIES INC-A | 10.77% | 4.73% |
| BAE SYSTEMS PLC | 4.72% | 5.04% |
| RHEINMETALL AG | 3.80% | 4.27% |
| THALES SA | 3.76% | 3.35% |
| L3HARRIS TECHNOLOGIES INC | 3.69% | 3.33% |
| HANWHA AEROSPACE CO LTD | 3.86% | 2.51% |
| ELBIT SYSTEMS LTD | 3.15% | 2.15% |
| LEONARDO SPA | 3.56% | 2.07% |
| Only in SHLD | Only in WDGF |
|---|---|
| SAAB AB-B 3.47% | ROLLS-ROYCE HOLDINGS PLC 3.04% |
| MOOG INC-CLASS A 1.56% | TRANSDIGM GROUP INC 2.75% |
| KOREA AEROSPACE INDUSTRIES 0.95% | BOEING COMPANY (THE) 2.55% |
| BABCOCK INTL GROUP PLC 0.94% | ROCKET LAB CORP 2.33% |
| ASELSAN ELEKTRONIK SANAYI 0.65% | HINDUSTAN AERONAUTICS LTD 2.09% |
| OSI SYSTEMS INC 0.47% | BHARAT ELECTRONICS LTD 2.06% |
| CASH 0.28% | HEICO CORP 2.04% |
| EXAIL TECHNOLOGIES 0.20% | SAAB AB 1.97% |
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 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SHLD | WDGF | SHLD | WDGF | SHLD | WDGF | |
| 3 months | +0.9% | −2.8% | −1.3 pts | −5.1 pts | +3.4 pts | −0.3 pts |
| 6 months | −14.0% | −8.3% | −32.1 pts | −26.3 pts | −38.3 pts | −32.5 pts |
| 1 year | −5.1% | −0.4% | −21.7 pts | −17.0 pts | −26.9 pts | −22.2 pts |
| 3 years | +156.1% | not published | +77.7 pts | not published | +57.9 pts | not published |
| Since launch | +157.7% | +0.5% | +80.2 pts | −17.0 pts | +61.5 pts | −23.1 pts |
| SHLD Global X Defense Tech ETF Holds 59 stocks in defense, 40% 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 | Global X | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 39.9% | 34.9% |
| Active share vs the S&P 500 | 99.1% | 98.3% |
| In the Nasdaq-100 | 0.0% | 4.7% |
| Holdings | 59 | 115 |
| Top ten, share of the fund | 64.4% | 44.3% |
| Expense ratio | 0.50% | 0.45% |
| Fee for the differing part | 0.50% | 0.46% |
| Total return, 1 year | −5.1% | −0.4% |
| vs the S&P 500 | −21.7 pts | −17.0 pts |
| vs the Nasdaq-100 | −26.9 pts | −22.2 pts |
| Below its high | −19.4% | −14.8% |
| Net assets | $7.1bn | $5m |
SHLD in plain words
By weight, 40% 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 64% of the fund across 59 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −5.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.7 pts. It sits 19.4% below its all-time high of Mar 9, 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 SHLD and WDGF hold the same stocks?
- By their latest filings, 60% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, SHLD or WDGF?
- SHLD has 40% of its weight in S&P 500 names and WDGF has 35%, so SHLD differs more from the index.
- Which is cheaper, SHLD or WDGF?
- SHLD charges 0.50% a year and WDGF charges 0.45%, so WDGF 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, SHLD against WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/shld-vs-wdgf Free to use with attribution; the underlying files are at Open data.