Data as of .
SHLD vs WR: which is really different?
SHLD and WR hold 23% of their weight in the same names.
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
23% 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 WR hold 23% of their money in the same securities at the same weight.
| Holding | SHLD | WR |
|---|---|---|
| PALANTIR TECHNOLOGIES INC-A | 10.77% | 5.66% |
| RTX CORPORATION | 9.10% | 5.04% |
| LOCKHEED MARTIN CORP | 8.29% | 3.55% |
| GENERAL DYNAMICS CORP | 8.54% | 2.87% |
| LEIDOS HOLDINGS INC | 2.44% | 1.04% |
| HUNTINGTON INGALLS INDUSTRIE | 1.64% | 0.81% |
| BWX TECHNOLOGIES INC | 2.06% | 0.76% |
| KRATOS DEFENSE & SECURITY | 1.35% | 0.74% |
| AEROVIRONMENT INC | 0.93% | 0.59% |
| MERCURY SYSTEMS INC | 0.77% | 0.57% |
| KARMAN HOLDINGS INC | 0.51% | 0.40% |
| AMENTUM HOLDINGS INC | 0.60% | 0.39% |
| Only in SHLD | Only in WR |
|---|---|
| NORTHROP GRUMMAN CORP 7.88% | ExxonMobil Holdings Corp 8.60% |
| BAE SYSTEMS PLC 4.72% | Chevron Corp 6.37% |
| HANWHA AEROSPACE CO LTD 3.86% | Marathon Petroleum Corp 4.41% |
| RHEINMETALL AG 3.80% | Valero Energy Corp 4.29% |
| THALES SA 3.76% | Phillips 66 4.04% |
| L3HARRIS TECHNOLOGIES INC 3.69% | ConocoPhillips 3.90% |
| LEONARDO SPA 3.56% | EOG Resources Inc 2.67% |
| SAAB AB-B 3.47% | Williams Cos Inc/The 2.61% |
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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| SHLD | WR | SHLD | WR | SHLD | WR | |
| 3 months | +0.9% | +11.1% | −1.3 pts | +8.8 pts | +3.4 pts | +13.6 pts |
| 6 months | −14.0% | not published | −32.1 pts | not published | −38.3 pts | not published |
| 1 year | −5.1% | not published | −21.7 pts | not published | −26.9 pts | not published |
| 3 years | +156.1% | not published | +77.7 pts | not published | +57.9 pts | not published |
| Since launch | +157.7% | +7.9% | +80.2 pts | +3.6 pts | +61.5 pts | +4.1 pts |
| SHLD Global X Defense Tech ETF Holds 59 stocks in defense, 40% of its weight in S&P 500 companies | WR Corgi U.S. War Machine ETF Holds 57 stocks in defense, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Global X | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 39.9% | 70.0% |
| Active share vs the S&P 500 | 99.1% | 96.6% |
| In the Nasdaq-100 | 0.0% | 9.2% |
| Holdings | 59 | 57 |
| Top ten, share of the fund | 64.4% | 48.7% |
| Expense ratio | 0.50% | not published |
| Fee for the differing part | 0.50% | not published |
| Total return, 1 year | −5.1% | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −21.7 pts | +3.6 pts |
| vs the Nasdaq-100 | −26.9 pts | +4.1 pts |
| Below its high | −19.4% | −3.9% |
| Net assets | $7.1bn | $945,672 |
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.
WR in plain words
By weight, 70% 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 49% of the fund across 57 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned +7.9% with distributions reinvested against +4.3% for the S&P 500, so a holder was ahead by 3.6 pts.
Questions people ask
- Do SHLD and WR hold the same stocks?
- By their latest filings, 23% of their books are the same securities at the same weight, which is a meaningful overlap. 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 40% of its weight in S&P 500 names and WR has 70%, so SHLD differs more from the index.
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 WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/shld-vs-wr Free to use with attribution; the underlying files are at Open data.