Data as of .
WDEF vs WDGF: which is really different?
WDEF and WDGF hold 28% of their weight in the same names, and WDGF returned more over the year.
ETFIQ Off-Index Score: WDEF 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
28% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, WDEF and WDGF hold 28% of their money in the same securities at the same weight.
| Holding | WDEF | WDGF |
|---|---|---|
| BAE SYSTEMS PLC | 10.21% | 5.04% |
| RHEINMETALL AG | 8.70% | 4.27% |
| THALES SA | 10.14% | 3.35% |
| ROLLS-ROYCE HOLDINGS PLC | 5.57% | 3.04% |
| LEONARDO SPA | 4.79% | 2.07% |
| SAAB AB | 4.83% | 1.97% |
| DASSAULT AVIATION SA | 4.14% | 1.71% |
| KONGSBERG GRUPPEN ASA | 4.61% | 1.28% |
| CSG NV | 1.25% | 0.97% |
| HENSOLDT AG | 4.13% | 0.68% |
| TKMS AG & CO. KGAA | 2.96% | 0.46% |
| BABCOCK INTERNATIONAL GROUP PLC | 3.10% | 0.46% |
| Only in WDEF | Only in WDGF |
|---|---|
| SAFRAN SA 5.62% | RTX CORP 5.46% |
| KONGSBERG MARITIME ASA 0.78% | GENERAL DYNAMICS CORP 5.19% |
| OHB SE 0.78% | LOCKHEED MARTIN CORP 4.94% |
| EUTELSAT COMMUNICATIONS SA 0.67% | NORTHROP GRUMMAN CORP 4.92% |
| GOODWIN PLC 0.50% | PALANTIR TECHNOLOGIES INC 4.73% |
| SES SA 0.44% | L3HARRIS TECHNOLOGIES INC 3.33% |
| KITRON ASA 0.39% | TRANSDIGM GROUP INC 2.75% |
| AVON TECHNOLOGIES PLC 0.32% | BOEING COMPANY (THE) 2.55% |
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.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| WDEF | WDGF | WDEF | WDGF | WDEF | WDGF | |
| 3 months | +2.9% | −2.8% | +0.7 pts | −5.1 pts | +5.4 pts | −0.3 pts |
| 6 months | −6.0% | −8.3% | −24.1 pts | −26.3 pts | −30.3 pts | −32.5 pts |
| 1 year | −7.6% | −0.4% | −24.1 pts | −17.0 pts | −29.4 pts | −22.2 pts |
| Since launch | −2.7% | +0.5% | −25.7 pts | −17.0 pts | −31.8 pts | −23.1 pts |
| WDEF WisdomTree Europe Defense Fund Holds 42 stocks in defense, 0% of its weight in S&P 500 companies | WDGF WisdomTree Global Defense Fund Holds 115 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | WisdomTree | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 0.0% | 34.9% |
| Active share vs the S&P 500 | 100.0% | 98.3% |
| In the Nasdaq-100 | 0.0% | 4.7% |
| Holdings | 42 | 115 |
| Top ten, share of the fund | 63.9% | 44.3% |
| Expense ratio | 0.45% | 0.45% |
| Fee for the differing part | 0.45% | 0.46% |
| Total return, 1 year | −7.6% | −0.4% |
| vs the S&P 500 | −24.1 pts | −17.0 pts |
| vs the Nasdaq-100 | −29.4 pts | −22.2 pts |
| Below its high | −15.7% | −14.8% |
| Net assets | $83m | $5m |
WDEF in plain words
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 64% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −7.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 24.1 pts. It sits 15.7% below its all-time high of Jan 27, 2026.
WDGF in plain words
By weight, 35% of WDGF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −0.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.0 pts. It sits 14.8% below its all-time high of Mar 9, 2026.
Questions people ask
- Do WDEF and WDGF hold the same stocks?
- By their latest filings, 28% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, WDEF or WDGF?
- WDEF has 0% of its weight in S&P 500 names and WDGF has 35%, so WDEF differs more from the index.
- Which is cheaper, WDEF or WDGF?
- WDEF charges 0.45% a year and WDGF charges 0.45%, so WDEF is cheaper. Fees come from each fund's prospectus.
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, WDEF against WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/wdef-vs-wdgf Free to use with attribution; the underlying files are at Open data.