Data as of .
WAR vs WR: which is really different?
WAR and WR hold 4% of their weight in the same names.
ETFIQ Off-Index Score: WR 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
4% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, WAR and WR hold 4% of their money in the same securities at the same weight.
| Holding | WAR | WR |
|---|---|---|
| Palantir Technologies Inc | 3.19% | 5.66% |
| Karman Holdings Inc | 3.71% | 0.40% |
| Only in WAR | Only in WR |
|---|---|
| Astera Labs Inc 9.50% | ExxonMobil Holdings Corp 8.60% |
| Axon Enterprise Inc 8.76% | Chevron Corp 6.37% |
| Micron Technology Inc 8.59% | RTX Corp 5.04% |
| Mildef Group AB 7.21% | Marathon Petroleum Corp 4.41% |
| DroneShield Ltd 5.04% | Valero Energy Corp 4.29% |
| Intuitive Machines Inc 4.98% | Phillips 66 4.04% |
| Teradyne Inc 4.96% | ConocoPhillips 3.90% |
| Electro Optic Systems Holdings 4.11% | Lockheed Martin Corp 3.55% |
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 Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| WAR | WR | WAR | WR | WAR | WR | |
| 3 months | −7.9% | +11.1% | −10.2 pts | +8.8 pts | −5.4 pts | +13.6 pts |
| Since launch | −9.7% | +7.9% | −11.7 pts | +3.6 pts | −8.6 pts | +4.1 pts |
| 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 57 stocks in defense, 70% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | U.S. Global | Corgi |
| Theme | Defense | Defense |
| In the S&P 500 | 38.3% | 70.0% |
| Active share vs the S&P 500 | 92.4% | 96.6% |
| In the Nasdaq-100 | 31.5% | 9.2% |
| Holdings | 28 | 57 |
| Top ten, share of the fund | 61.3% | 48.7% |
| Expense ratio | 0.60% | not published |
| Fee for the differing part | 0.65% | not published |
| Total return, 1 year | −9.7% (since launch on May 26, 2026) | +7.9% (since launch on May 6, 2026) |
| vs the S&P 500 | −11.7 pts | +3.6 pts |
| vs the Nasdaq-100 | −8.6 pts | +4.1 pts |
| Below its high | −13.8% | −3.9% |
| Net assets | $41m | $945,672 |
WAR in plain words
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. Since it launched on May 26, 2026 the fund returned −9.7% with distributions reinvested against +2.0% for the S&P 500, so a holder was behind by 11.7 pts. It sits 13.8% below its all-time high of Jun 2, 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 WAR and WR hold the same stocks?
- By their latest filings, 4% of their books are the same securities at the same weight, which is mostly different names. 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 70%, so WR 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, WAR against WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/war-vs-wr Free to use with attribution; the underlying files are at Open data.