Do WAR and WDAF hold the same stocks?

By their latest filings, 3% 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, WAR or WDAF?

WAR has 38% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.

Which is cheaper, WAR or WDAF?

WAR charges 0.60% a year and WDAF charges 0.45%, so WDAF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

WAR vs WDAF: Holdings Overlap & Returns

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WAR and WDAF hold 3% of their weight in the same names.

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Net assets on Jun 30, 2026: $41m for U.S. Global Technology and Aerospace & Defense ETF and $22m for WisdomTree Asia Defense Fund.

WAR on its own →WDAF on its own →

At a glance

WAR · 3 months to Nov 4, 2026 62% of its weight is outside the S&P 500

38% of WAR's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Jun 30, 2026.

WDAF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of WDAF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

WDAF costs 0.15 points a year less; WAR is 1.9 times larger.

WAR vs WDAF: Holdings Overlap & Returns
Measure	WAR	WDAF
Return
Measure	WAR	WDAF
Total return, 1 year	not published	−16.2%
Drawdown
Measure	WAR	WDAF
Below its all-time high	27.7%, high on Jun 2, 2026	31.8%, high on May 5, 2026
Benchmark
Measure	WAR	WDAF
What it tracks	Defense	Defense
Cost and size
Measure	WAR	WDAF
Expense ratio	0.60%	0.45%
Net assets, as of Jun 30, 2026	$41m	$22m
Active share vs the S&P 500	92%	100%
Holdings
Measure	WAR	WDAF
Holdings in common	3%

Method

What they share

By the books each fund has filed, WAR and WDAF hold 3% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first WAR WDAF

DroneShield Ltd 5.01% 1.51%

Electro Optic Systems Holdings 4.09% 1.44%

Only in one fund ↓

Only in WAR

Astera Labs Inc 9.45%

Axon Enterprise Inc 8.71%

Micron Technology Inc 8.54%

Mildef Group AB 7.17%

Intuitive Machines Inc 4.95%

Teradyne Inc 4.93%

Rolls-Royce Holdings PLC 4.06%

Lattice Semiconductor Corp 4.05%

Only in WDAF

HINDUSTAN AERONAUTICS LTD 8.00%

BHARAT ELECTRONICS LTD 7.82%

KOREA AEROSPACE INDUSTRIES LTD 7.69%

HANWHA AEROSPACE CO LTD 7.31%

LIG DEFENSE & AEROSPACE CO LTD 7.00%

HYUNDAI ROTEM COMPANY 6.84%

IHI CORP 4.57%

KAWASAKI HEAVY INDUSTRIES LTD 4.22%

Check overlap with more funds →

Window by window

Window by window: WAR vs WDAF: Holdings Overlap & Returns
	Total return
Window	WAR	WDAF
3 months	−18.5%	−16.4%
6 months	–	−31.3%
1 year	–	−16.2%
Since launch	–	−16.0%

– means no data for this window. Open this comparison in the app →

Side by side

WAR U.S. Global Technology and Aerospace & Defense ETF · Holds 28 stocks in defense, 38% of its weight in S&P 500 companies WDAF WisdomTree Asia Defense Fund · Holds 61 stocks in defense, 0% of its weight in S&P 500 companies

Issuer U.S. Global WisdomTree

Theme Defense Defense

In the S&P 500 38.1% 0.0%

Active share vs the S&P 500 92.5% 100.0%

In the Nasdaq-100 48.1% 0.0%

Holdings 28 61

Top ten, share of the fund 61.0% 61.6%

Expense ratio 0.60% 0.45%

Fee for the differing part 0.65% 0.45%

Total return, 1 year not available −16.2%

vs its benchmark not available not measured

Below its high −27.7% −31.8%

Net assets, as of Jun 30, 2026 $41m $22m

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Alert

About each fund

WAR

By weight, 38% of WAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 28 positions, as filed for Jun 30, 2026. It sits 27.7% below its all-time high of Jun 2, 2026.

WDAF

By weight, 0% of WDAF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −16.2% with distributions reinvested. It sits 31.8% below its all-time high of May 5, 2026.

Questions people ask

Do WAR and WDAF hold the same stocks?: By their latest filings, 3% 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, WAR or WDAF?: WAR has 38% of its weight in S&P 500 names and WDAF has 0%, so WDAF differs more from the index.
Which is cheaper, WAR or WDAF?: WAR charges 0.60% a year and WDAF charges 0.45%, so WDAF is cheaper. Fees come from each fund's prospectus.

Other comparisons

WAR vs FOWF WAR vs ARMY WAR vs GCAD WAR vs WDEF WDAF vs GCAD WDAF vs WDEF WDAF vs KDEF WDAF vs FOWF

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →WAR on its own →WDAF on its own →WAR holdings →WDAF dividend history →WDAF holdings →Method →Standards and sources →

Sources and dates

WAR filings on SEC EDGAR ↗

WAR prospectus with the expense ratio (SEC) ↗

U.S. Global website ↗

WDAF filings on SEC EDGAR ↗

WDAF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDAF ↗

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.

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ETFIQ, WAR against WDAF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/war-vs-wdaf

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