Do SPAM and WCBR hold the same stocks?

By their latest filings, 65% 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, SPAM or WCBR?

SPAM has 26% of its weight in S&P 500 names and WCBR has 34%, so SPAM differs more from the index.

Which is cheaper, SPAM or WCBR?

SPAM charges 0.35% a year and WCBR charges 0.45%, so SPAM is cheaper. Fees come from each fund's prospectus.

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SPAM vs WCBR: which is really different?

SPAM and WCBR hold 65% of their weight in the same names, and WCBR returned +45.9% over the year. Themes Cybersecurity ETF and WisdomTree Cybersecurity Fund.

26.4%

SPAM in the S&P 500

34.0%

WCBR in the S&P 500

+35.1%

SPAM total return, 1 year

+45.9%

WCBR total return, 1 year

SPAM · 1 year to Sep 30, 202674% of its weight is outside the S&P 500

26% of SPAM's weight is in S&P 500 companies and 74% is outside the index

WCBR · 1 year to Sep 30, 202666% of its weight is outside the S&P 500

34% of WCBR's weight is in S&P 500 companies and 66% is outside the index

ETFIQ Off-Index Score · SPAM scores higherHow much of it is not the index it is sold as an alternative to?

SPAM 64.5

WCBR 60.1

0.1, the lowest in this set92.0, the highest

A percentile among the 375 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 →

What they hold in common

By the books each fund has filed, SPAM and WCBR hold 65% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.

50%

half

65% in common

Positions both hold, largest shared weight first

Holding SPAM WCBR

Palo Alto Networks Inc 6.45% 6.76%

Crowdstrike Holdings Inc 6.06% 7.74%

Fortinet Inc 6.02% 6.13%

Okta Inc 6.36% 5.82%

Rubrik Inc 5.50% 4.99%

SentinelOne Inc 3.99% 5.51%

F5 Inc 4.46% 3.72%

Zscaler Inc 3.65% 4.17%

Qualys Inc 3.64% 3.53%

Varonis Systems Inc 3.53% 4.37%

Trend Micro Inc/Japan 3.43% 3.67%

Tenable Holdings Inc 3.13% 6.13%

Only in SPAM

Nebius Group NV 6.40%

BlackBerry Ltd 5.49%

NEXTDC Ltd 3.60%

Clear Secure Inc 3.59%

CACI International Inc 2.58%

Booz Allen Hamilton Holding Co 2.41%

A10 Networks Inc 1.94%

Alarm.com Holdings Inc 1.65%

Only in WCBR

DATADOG INC 6.87%

COMMVAULT SYSTEMS INC 4.42%

CLOUDFLARE INC 3.89%

ELASTIC NV 2.78%

FFRI SECURITY INC 1.29%

AHNLAB INC 0.32%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

65% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	SPAM	WCBR	SPAM	WCBR	SPAM	WCBR
3 months	+10.9%	+23.0%	+8.4 pts	+20.4 pts	+8.8 pts	+20.9 pts
6 months	+61.0%	+81.9%	+44.0 pts	+64.9 pts	+34.1 pts	+55.0 pts
1 year	+35.1%	+45.9%	+19.4 pts	+30.1 pts	+11.3 pts	+22.1 pts
3 years	not published	+124.1%	not published	+39.1 pts	not published	+14.1 pts
Since launch SPAM Dec 2023 · WCBR Jan 2021	+88.0%	+86.7%	+16.1 pts	−31.4 pts	−3.9 pts	−51.3 pts

SPAM and WCBR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

SPAM

Themes Cybersecurity ETF · Holds 35 stocks in cybersecurity, 26% of its weight in S&P 500 companies

WCBR

WisdomTree Cybersecurity Fund · Holds 25 stocks in cybersecurity, 34% of its weight in S&P 500 companies

Issuer Themes WisdomTree

Theme Cybersecurity Cybersecurity

In the S&P 500 26.4% 34.0%

Active share vs the S&P 500 99.1% 98.9%

In the Nasdaq-100 22.2% 31.7%

Holdings 35 25

Top ten, share of the fund 54.4% 58.7%

Expense ratio 0.35% 0.45%

Fee for the differing part 0.35% 0.46%

Total return, 1 year +35.1% +45.9%

vs the S&P 500 +19.4 pts +30.1 pts

vs the Nasdaq-100 +11.3 pts +22.1 pts

Below its high −1.9% −1.8%

Net assets $7m $134m

SPAM and WCBR on the same fields, as of Sep 30, 2026. Source: ETFIQ.

SPAM in plain words

By weight, 26% of SPAM'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 54% of the fund across 35 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +35.1% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 19.4 pts.

WCBR in plain words

By weight, 34% of WCBR'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 59% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 30, 2026 the fund returned +45.9% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 30.1 pts.

Questions people ask

Do SPAM and WCBR hold the same stocks?: By their latest filings, 65% 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, SPAM or WCBR?: SPAM has 26% of its weight in S&P 500 names and WCBR has 34%, so SPAM differs more from the index.
Which is cheaper, SPAM or WCBR?: SPAM charges 0.35% a year and WCBR charges 0.45%, so SPAM is cheaper. Fees come from each fund's prospectus.

Other comparisons

SPAM vs BUG SPAM vs CIBR SPAM vs HACK SPAM vs IHAK WCBR vs BUG WCBR vs PSWD WCBR vs CIBR WCBR vs IHAK

SPAM on its own →WCBR on its own →How every figure is computed →Standards and sources →

Where these figures came from

SPAM filings on SEC EDGAR ↗SPAM prospectus with the expense ratio (SEC) ↗Themes page for SPAM ↗WCBR filings on SEC EDGAR ↗WCBR prospectus with the expense ratio (SEC) ↗WisdomTree page for WCBR ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, SPAM against WCBR, data as of Sep 30, 2026. https://etfiq.com/compare/themes/spam-vs-wcbr

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.