Do SHLD and WDGF hold the same stocks?

By their latest filings, 55% 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 WDGF?

SHLD has 53% 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.

Data as of Nov 4, 2026.

Thematic ETFs

SHLD vs WDGF: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, SHLD returned −8.5% to WDGF's −2.9%; 55% 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 $5.3m on Jun 30, 2026 for WisdomTree Global Defense Fund.

SHLD on its own →WDGF on its own →

At a glance

52.8%

SHLD in the S&P 500

34.9%

WDGF in the S&P 500

−8.5%

SHLD total return, 1 year

−2.9%

WDGF 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.

WDGF · 1 year to Nov 4, 2026 65% of its weight is outside the S&P 500

35% of WDGF's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDGF costs 0.05 points a year less; their one-year returns differ by 5.6 points.

SHLD vs WDGF: Holdings Overlap & Returns
Measure	SHLD	WDGF
Return
Measure	SHLD	WDGF
Total return, 1 year	−8.5%	−2.9%
Drawdown
Measure	SHLD	WDGF
Below its all-time high	21.4%, high on Mar 9, 2026	16.9%, high on Mar 9, 2026
Benchmark
Measure	SHLD	WDGF
What it tracks	Defense	Defense
Cost and size
Measure	SHLD	WDGF
Expense ratio	0.50%	0.45%
Net assets, SHLD as of Oct 12, 2026 and WDGF as of Jun 30, 2026	$6.3bn	$5.3m
Holdings
Measure	SHLD	WDGF
Holdings in common	55%

Method

What they share

55%

By the books each fund has filed, SHLD and WDGF hold 55% 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

55% in common

Positions both hold · largest shared weight first SHLD WDGF

RTX CORPORATION 9.31% 5.46%

GENERAL DYNAMICS CORPORATION 8.59% 5.18%

LOCKHEED MARTIN CORPORATION 8.34% 4.93%

Northrop Grumman Corporation 7.71% 4.92%

PALANTIR TECHNOLOGIES INC. 10.80% 4.72%

BAE SYSTEMS PLC 4.62% 5.04%

THALES SA 3.72% 3.35%

L3HARRIS TECHNOLOGIES, INC. 3.80% 3.33%

HANWHA AEROSPACE CO., LTD. 3.81% 2.51%

ELBIT SYSTEMS LTD 2.84% 2.15%

KONGSBERG GRUPPEN ASA 2.05% 1.28%

BWX TECHNOLOGIES, INC. 2.03% 1.14%

Only in one fund ↓

Only in SHLD

Rheinmetall Aktiengesellschaft 4.04%

SAAB Aktiebolag 3.58%

LEONARDO - SOCIETA PER AZIONI 3.54%

ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI 0.65%

OSI SYSTEMS, INC. 0.47%

Elsight Ltd 0.10%

Only in WDGF

RHEINMETALL AG 4.27%

ROLLS-ROYCE HOLDINGS PLC 3.04%

TRANSDIGM GROUP INC 2.75%

BOEING COMPANY (THE) 2.55%

ROCKET LAB CORP 2.33%

HINDUSTAN AERONAUTICS LTD 2.09%

LEONARDO SPA 2.07%

BHARAT ELECTRONICS LTD 2.05%

Check overlap with more funds →

Window by window

Window by window: SHLD vs WDGF: Holdings Overlap & Returns
	Total return
Window	SHLD	WDGF
3 months	−9.2%	−9.9%
6 months	−9.7%	−9.6%
1 year	−8.5%	−2.9%
3 years	+133.6%	–
Since launchNot the same days: SHLD Sep 2023 · WDGF Sep 2025	+151.4%	−2.1%

– 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 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 52.8% 34.9%

Active share vs the S&P 500 98.7% 98.3%

In the Nasdaq-100 10.8% 7.1%

Holdings 50 115

Top ten, share of the fund 64.8% 44.2%

Expense ratio 0.50% 0.45%

Fee for the differing part 0.51% 0.46%

Total return, 1 year −8.5% −2.9%

vs its benchmark not measured not measured

Below its high −21.4% −16.9%

Net assets, SHLD as of Oct 12, 2026 and WDGF as of Jun 30, 2026 $6.3bn $5.3m

As of Nov 4, 2026. Source: ETFIQ.

55% 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.

WDGF

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 Nov 4, 2026 the fund returned −2.9% with distributions reinvested. It sits 16.9% below its all-time high of Mar 9, 2026.

Questions people ask

Do SHLD and WDGF hold the same stocks?: By their latest filings, 55% 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 WDGF?: SHLD has 53% 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

SHLD vs WR SHLD vs AV SHLD vs WDEF SHLD vs XAR WDGF vs DUTY WDGF vs WR WDGF vs AV WDGF 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 →WDGF on its own →SHLD dividend history →SHLD holdings →WDGF dividend history →WDGF 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 ↗

WDGF filings on SEC EDGAR ↗

WDGF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDGF ↗

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

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