Do SHLD and WR hold the same stocks?

By their latest filings, 24% 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 WR?

SHLD has 53% of its weight in S&P 500 names and WR has 68%, so SHLD differs more from the index.

Which is cheaper, SHLD or WR?

SHLD charges 0.50% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

SHLD vs WR: Holdings Overlap & Returns

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SHLD and WR hold 24% of their weight in the same names.

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Net assets: $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF, and $932,169 on Nov 4, 2026 for Corgi U.S. War Machine ETF.

SHLD on its own →WR on its own →

At a glance

52.8%

SHLD in the S&P 500

68.0%

WR in the S&P 500

−8.5%

SHLD total return, 1 year

+6.4%

WR total return, 6 months

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.

WR · 6 months to Nov 4, 2026 32% of its weight is outside the S&P 500

68% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WR costs 0.15 points a year less.

SHLD vs WR: Holdings Overlap & Returns
Measure	SHLD	WR
Return
Measure	SHLD	WR
Total return, 1 year	−8.5%	not published
Drawdown
Measure	SHLD	WR
Below its all-time high	21.4%, high on Mar 9, 2026	7.2%, high on Oct 30, 2026
Benchmark
Measure	SHLD	WR
What it tracks	Defense	Defense
Cost and size
Measure	SHLD	WR
Expense ratio	0.50%	0.35%
Net assets, as of Oct 12, 2026	$6.3bn	$960,645
Holdings
Measure	SHLD	WR
Holdings in common	24%

ETFIQ S&P 500 Difference Score · SHLD scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score95.6SHLD75WR

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

SHLD 95.6

WR 75

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

What they share

24%

By the books each fund has filed, SHLD and WR hold 24% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

24% in common

Positions both hold · largest shared weight first SHLD WR

PALANTIR TECHNOLOGIES INC. 10.80% 5.54%

RTX CORPORATION 9.31% 5.22%

LOCKHEED MARTIN CORPORATION 8.34% 4.02%

GENERAL DYNAMICS CORPORATION 8.59% 3.01%

LEIDOS HOLDINGS, INC. 2.56% 1.12%

HUNTINGTON INGALLS INDUSTRIES, INC. 1.67% 0.91%

MOOG INC. 1.52% 0.73%

BWX TECHNOLOGIES, INC. 2.03% 0.64%

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 1.38% 0.57%

MERCURY SYSTEMS, INC. 0.76% 0.48%

AMENTUM HOLDINGS, INC. 0.58% 0.45%

AEROVIRONMENT, INC. 0.82% 0.43%

Only in one fund ↓

Only in SHLD

Northrop Grumman Corporation 7.71%

BAE SYSTEMS PLC 4.62%

Rheinmetall Aktiengesellschaft 4.04%

HANWHA AEROSPACE CO., LTD. 3.81%

L3HARRIS TECHNOLOGIES, INC. 3.80%

THALES SA 3.72%

SAAB Aktiebolag 3.58%

LEONARDO - SOCIETA PER AZIONI 3.54%

Only in WR

ExxonMobil Holdings Corp 9.02%

Chevron Corp 6.68%

Marathon Petroleum Corp 4.13%

ConocoPhillips 4.11%

Phillips 66 3.90%

Valero Energy Corp 3.84%

EOG Resources Inc 2.76%

Williams Cos Inc 2.50%

Check overlap with more funds →

Window by window

Window by window: SHLD vs WR: Holdings Overlap & Returns
	Total return
Window	SHLD	WR
3 months	−9.2%	+2.8%
6 months	−9.7%	+6.4%
1 year	−8.5%	–
3 years	+133.6%	–
Since launchNot the same days: SHLD Sep 2023 · WR May 2026	+151.4%	+6.4%

– 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 WR Corgi U.S. War Machine ETF · Holds 56 stocks in defense, 68% of its weight in S&P 500 companies

Issuer Global X Corgi

Theme Defense Defense

In the S&P 500 52.8% 68.0%

Active share vs the S&P 500 98.7% 96.6%

In the Nasdaq-100 10.8% 9.9%

Holdings 50 56

Top ten, share of the fund 64.8% 49.5%

Expense ratio 0.50% 0.35%

Fee for the differing part 0.51% 0.36%

Total return, 1 year −8.5% +6.4% (since launch, May 6, 2026)

vs its benchmark not measured not measured

Below its high −21.4% −7.2%

Net assets, SHLD as of Oct 12, 2026 and WR as of Nov 4, 2026 $6.3bn $932,169

As of Nov 4, 2026. Source: ETFIQ.

24% 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.

By weight, 68% of WR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 50% of the fund across 56 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +6.4% with distributions reinvested. It sits 7.2% below its all-time high of Oct 30, 2026.

Questions people ask

Do SHLD and WR hold the same stocks?: By their latest filings, 24% 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 WR?: SHLD has 53% of its weight in S&P 500 names and WR has 68%, so SHLD differs more from the index.
Which is cheaper, SHLD or WR?: SHLD charges 0.50% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Other comparisons

SHLD vs AV SHLD vs DUTY SHLD vs WDGF SHLD vs ARMY WR vs XDEF WR vs AMMO WR vs DUTY WR vs AV

Where to next

SHLD on its own →WR on its own →SHLD dividend history →SHLD holdings →WR 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 ↗

WR filings on SEC EDGAR ↗

WR prospectus with the expense ratio (SEC) ↗

Corgi website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

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

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