Do WAR and WR hold the same stocks?

By their latest filings, 4% 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 WR?

WAR has 38% of its weight in S&P 500 names and WR has 68%, so WR differs more from the index.

Which is cheaper, WAR or WR?

WAR charges 0.60% 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

WAR vs WR: Holdings Overlap & Returns

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WAR and WR hold 4% of their weight in the same names.

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Net assets: $41m on Jun 30, 2026 for U.S. Global Technology and Aerospace & Defense ETF, and $932,169 on Nov 4, 2026 for Corgi U.S. War Machine ETF.

WAR on its own →WR 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.

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 0.25 points a year less.

WAR vs WR: Holdings Overlap & Returns
Measure	WAR	WR
Drawdown
Measure	WAR	WR
Below its all-time high	27.7%, high on Jun 2, 2026	7.2%, high on Oct 30, 2026
Benchmark
Measure	WAR	WR
What it tracks	Defense	Defense
Cost and size
Measure	WAR	WR
Expense ratio	0.60%	0.35%
Net assets, WAR as of Jun 30, 2026 and WR as of Nov 4, 2026	$41m	$932,169
Active share vs the S&P 500	92%	97%
Holdings
Measure	WAR	WR
Holdings in common	4%

Method

What they share

By the books each fund has filed, WAR and WR hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first WAR WR

Palantir Technologies Inc 3.18% 5.54%

Karman Holdings Inc 3.69% 0.38%

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%

DroneShield Ltd 5.01%

Intuitive Machines Inc 4.95%

Teradyne Inc 4.93%

Electro Optic Systems Holdings 4.09%

Only in WR

ExxonMobil Holdings Corp 9.02%

Chevron Corp 6.68%

RTX Corp 5.22%

Marathon Petroleum Corp 4.13%

ConocoPhillips 4.11%

Lockheed Martin Corp 4.02%

Phillips 66 3.90%

Valero Energy Corp 3.84%

Check overlap with more funds →

Window by window

Window by window: WAR vs WR: Holdings Overlap & Returns
	Total return
Window	WAR	WR
3 months	−18.5%	+2.8%
6 months	–	+6.4%
Since launch	–	+6.4%

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

Issuer U.S. Global Corgi

Theme Defense Defense

In the S&P 500 38.1% 68.0%

Active share vs the S&P 500 92.5% 96.6%

In the Nasdaq-100 48.1% 9.9%

Holdings 28 56

Top ten, share of the fund 61.0% 49.5%

Expense ratio 0.60% 0.35%

Fee for the differing part 0.65% 0.36%

Total return, 1 year not available +6.4% (since launch, May 6, 2026)

vs its benchmark not available not measured

Below its high −27.7% −7.2%

Net assets, WAR as of Jun 30, 2026 and WR as of Nov 4, 2026 $41m $932,169

As of Nov 4, 2026. Source: ETFIQ.

4% 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.

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 WAR and WR hold the same stocks?: By their latest filings, 4% 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 WR?: WAR has 38% of its weight in S&P 500 names and WR has 68%, so WR differs more from the index.
Which is cheaper, WAR or WR?: WAR charges 0.60% a year and WR charges 0.35%, so WR is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

WAR filings on SEC EDGAR ↗

WAR prospectus with the expense ratio (SEC) ↗

U.S. Global website ↗

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

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

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