Do WAR and WDEF hold the same stocks?

By their latest filings, 6% 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 WDEF?

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

Which is cheaper, WAR or WDEF?

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

Data as of Nov 4, 2026.

Thematic ETFs

WAR vs WDEF: Holdings Overlap & Returns

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WAR and WDEF hold 6% 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 $88m for WisdomTree Europe Defense Fund.

WAR on its own →WDEF 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.

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

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

Pair scorecard

WDEF costs 0.15 points a year less; WDEF is 2.1 times larger.

WAR vs WDEF: Holdings Overlap & Returns
Measure	WAR	WDEF
Return
Measure	WAR	WDEF
Total return, 1 year	not published	−5.6%
Drawdown
Measure	WAR	WDEF
Below its all-time high	27.7%, high on Jun 2, 2026	17.3%, high on Jan 27, 2026
Benchmark
Measure	WAR	WDEF
What it tracks	Defense	Defense
Cost and size
Measure	WAR	WDEF
Expense ratio	0.60%	0.45%
Net assets, as of Jun 30, 2026	$41m	$88m
Active share vs the S&P 500	92%	100%
Holdings
Measure	WAR	WDEF
Holdings in common	6%

Method

What they share

By the books each fund has filed, WAR and WDEF hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first WAR WDEF

Rolls-Royce Holdings PLC 4.06% 5.51%

Theon International PLC 3.50% 1.26%

Mildef Group AB 7.17% 0.41%

Only in one fund ↓

Only in WAR

Astera Labs Inc 9.45%

Axon Enterprise Inc 8.71%

Micron Technology Inc 8.54%

DroneShield Ltd 5.01%

Intuitive Machines Inc 4.95%

Teradyne Inc 4.93%

Electro Optic Systems Holdings 4.09%

Lattice Semiconductor Corp 4.05%

Only in WDEF

BAE SYSTEMS PLC 10.11%

THALES SA 10.04%

RHEINMETALL AG 8.62%

SAFRAN SA 5.57%

AIRBUS SE 5.29%

SAAB AB 4.78%

LEONARDO SPA 4.74%

KONGSBERG GRUPPEN ASA 4.56%

Check overlap with more funds →

Window by window

Window by window: WAR vs WDEF: Holdings Overlap & Returns
	Total return
Window	WAR	WDEF
3 months	−18.5%	−10.7%
6 months	–	−9.1%
1 year	–	−5.6%
Since launch	–	−4.6%

– 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 WDEF WisdomTree Europe Defense Fund · Holds 42 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 42

Top ten, share of the fund 61.0% 63.3%

Expense ratio 0.60% 0.45%

Fee for the differing part 0.65% 0.45%

Total return, 1 year not available −5.6%

vs its benchmark not available not measured

Below its high −27.7% −17.3%

Net assets, as of Jun 30, 2026 $41m $88m

As of Nov 4, 2026. Source: ETFIQ.

6% 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.

WDEF

By weight, 0% of WDEF'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 63% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −5.6% with distributions reinvested. It sits 17.3% below its all-time high of Jan 27, 2026.

Questions people ask

Do WAR and WDEF hold the same stocks?: By their latest filings, 6% 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 WDEF?: WAR has 38% of its weight in S&P 500 names and WDEF has 0%, so WDEF differs more from the index.
Which is cheaper, WAR or WDEF?: WAR charges 0.60% a year and WDEF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

WAR vs WDAF WAR vs EUAD WAR vs IDEF WAR vs XAR WDEF vs GCAD WDEF vs KDEF WDEF vs DUTY WDEF vs EUAD

Where to next

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

Sources and dates

WAR filings on SEC EDGAR ↗

WAR prospectus with the expense ratio (SEC) ↗

U.S. Global website ↗

WDEF filings on SEC EDGAR ↗

WDEF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDEF ↗

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 WDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/war-vs-wdef

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