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Data as of .

WDEF vs WR: which is really different?

WDEF and WR hold 0% of their weight in the same names.

WisdomTree Europe Defense Fund and Corgi U.S. War Machine ETF.

0.0%WDEF in the S&P 500
70.0%WR in the S&P 500
−7.6%WDEF total return, 1 year
+7.9%WR total return, 1 year

ETFIQ Off-Index Score: WDEF scores higher

How much of it is not the index it is sold as an alternative to?

WDEF 91.8WR 37.90.1, the lowest in this set91.8, the highest

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

WDEF100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 64% of the fund · 42 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 64% of the fund
WR30% of its weight is outside the S&P 500 · 3 months to Sep 18, 2026
70%30%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 49% of the fund · 57 holdings filed Sep 18, 2026 · Nasdaq-100: 9% in70%30%in the S&P 500outsideactive share 97% · top ten 49% of the fund

0% 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 WR hold 0% of their money in the same securities at the same weight.

Only in each
Only in WDEFOnly in WR
BAE SYSTEMS PLC 10.21%ExxonMobil Holdings Corp 8.60%
THALES SA 10.14%Chevron Corp 6.37%
RHEINMETALL AG 8.70%Palantir Technologies Inc 5.66%
SAFRAN SA 5.62%RTX Corp 5.04%
ROLLS-ROYCE HOLDINGS PLC 5.57%Marathon Petroleum Corp 4.41%
AIRBUS SE 5.34%Valero Energy Corp 4.29%
SAAB AB 4.83%Phillips 66 4.04%
LEONARDO SPA 4.79%ConocoPhillips 3.90%

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

WDEF and WR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
WDEFWRWDEFWRWDEFWR
3 months+2.9%+11.1%+0.7 pts+8.8 pts+5.4 pts+13.6 pts
6 months−6.0%not published−24.1 ptsnot published−30.3 ptsnot published
1 year−7.6%not published−24.1 ptsnot published−29.4 ptsnot published
Since launch−2.7%+7.9%−25.7 pts+3.6 pts−31.8 pts+4.1 pts
Open the live comparison on ETFIQ
WDEF and WR on the same fields, as of Sep 18, 2026. Source: ETFIQ.
WDEF
WisdomTree Europe Defense Fund
Holds 42 stocks in defense, 0% 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
IssuerWisdomTreeCorgi
ThemeDefenseDefense
In the S&P 5000.0%70.0%
Active share vs the S&P 500100.0%96.6%
In the Nasdaq-1000.0%9.2%
Holdings4257
Top ten, share of the fund63.9%48.7%
Expense ratio0.45%not published
Fee for the differing part0.45%not published
Total return, 1 year−7.6%+7.9% (since launch on May 6, 2026)
vs the S&P 500−24.1 pts+3.6 pts
vs the Nasdaq-100−29.4 pts+4.1 pts
Below its high−15.7%−3.9%
Net assets$83m$945,672

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.

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 WDEF and WR hold the same stocks?
By their latest filings, 0% 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, WDEF or WR?
WDEF has 0% of its weight in S&P 500 names and WR has 70%, so WDEF 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.

WDEF against WR, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, WDEF against WR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/wdef-vs-wr Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources