Data as of Nov 4, 2026.
WAR vs XDEF: Holdings Overlap & Returns
WAR and XDEF hold 4% of their weight in the same names.
askIQ about this page
askIQ about WAR and XDEF
Net assets: $41m on Jun 30, 2026 for U.S. Global Technology and Aerospace & Defense ETF, and $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.
38% of WAR's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Jun 30, 2026.
0% of XDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.
Pair scorecard
XDEF costs 0.25 points a year less.
| Measure | WAR | XDEF |
|---|---|---|
| Drawdown | ||
| Below its all-time high | 27.7%, high on Jun 2, 2026 | 13.0%, high on Feb 20, 2026 |
| Benchmark | ||
| What it tracks | Defense | Defense |
| Cost and size | ||
| Expense ratio | 0.60% | 0.35% |
| Net assets, WAR as of Jun 30, 2026 and XDEF as of Nov 2, 2026 | $41m | $4.3m |
| Active share vs the S&P 500 | 92% | 100% |
| Holdings | ||
| Holdings in common | 4% | |
Risk and return
Jun 5, 2026 to Oct 30, 2026 · 21 weekly returnsFrom Jun 2026 to Oct 2026, XDEF returned more: +0.8% to −15.2%. WAR and XDEF fell about the same at their worst: −18.3% and −18.0%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | WAR | XDEF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −15.2% | +0.8% | XDEF | Price change plus distributions, reinvested. |
| Price return | −15.2% | −0.8% | XDEF | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −18.3% | −18.0% | Tie | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 21 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, WAR and XDEF hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
4% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | WAR | XDEF |
| 3 months | −18.5% | −9.7% |
| 6 months | – | −5.7% |
| Since launch | – | −12.4% |
– means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
4% of the two portfolios are the same securities at the same weight.
No client brief for this pair: ETFIQ prints no one-year total return for WAR or XDEF.
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.
XDEF
By weight, 0% of XDEF'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 64% of the fund across 35 positions, as filed for Aug 31, 2026. Since it first traded on Feb 19, 2026 the fund returned −12.4% with distributions reinvested. It sits 13.0% below its all-time high of Feb 20, 2026.
Questions people ask
- Do WAR and XDEF 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.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, WAR against XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/war-vs-xdef
ETFIQ. (Nov 4, 2026). WAR against XDEF. Retrieved from https://etfiq.com/compare/themes/war-vs-xdef
[WAR against XDEF (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/war-vs-xdef)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.