Do WDEF and XDEF hold the same stocks?

By their latest filings, 74% 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, WDEF or XDEF?

WDEF has 0% of its weight in S&P 500 names and XDEF has 0%, so WDEF differs more from the index.

Which is cheaper, WDEF or XDEF?

WDEF charges 0.45% a year and XDEF charges 0.35%, so XDEF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

WDEF vs XDEF: Holdings Overlap & Returns

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WDEF and XDEF hold 74% of their weight in the same names.

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Net assets: $88m on Jun 30, 2026 for WisdomTree Europe Defense Fund, and $4.3m on Nov 2, 2026 for Xtrackers Europe Defense Technologies ETF.

WDEF on its own →XDEF on its own →

At a glance

0.0%

WDEF in the S&P 500

0.0%

XDEF in the S&P 500

−5.6%

WDEF total return, 1 year

−12.4%

XDEF total return, since launch, Feb 19, 2026

WDEF · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of WDEF's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Jun 30, 2026.

XDEF · 6 months to Nov 4, 2026 100% of its weight is outside the S&P 500

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 0.10 points a year less.

WDEF vs XDEF: Holdings Overlap & Returns
Measure	WDEF	XDEF
Return
Measure	WDEF	XDEF
Total return, 1 year	−5.6%	not published
Drawdown
Measure	WDEF	XDEF
Below its all-time high	17.3%, high on Jan 27, 2026	13.0%, high on Feb 20, 2026
Benchmark
Measure	WDEF	XDEF
What it tracks	Defense	Defense
Cost and size
Measure	WDEF	XDEF
Expense ratio	0.45%	0.35%
Net assets, WDEF as of Jun 30, 2026 and XDEF as of Nov 2, 2026	$88m	$4.3m
Holdings
Measure	WDEF	XDEF
Holdings in common	74%

Method

What they share

74%

By the books each fund has filed, WDEF and XDEF hold 74% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

74% in common

Positions both hold · largest shared weight first WDEF XDEF

BAE SYSTEMS PLC 10.11% 7.93%

RHEINMETALL AG 8.62% 6.81%

SAFRAN SA 5.57% 8.53%

ROLLS-ROYCE HOLDINGS PLC 5.51% 9.20%

AIRBUS SE 5.29% 8.40%

SAAB AB 4.78% 4.90%

KONGSBERG GRUPPEN ASA 4.56% 4.47%

THALES SA 10.04% 4.31%

LEONARDO SPA 4.74% 4.04%

HENSOLDT AG 4.09% 3.23%

DASSAULT AVIATION SA 4.10% 3.11%

BABCOCK INTERNATIONAL GROUP PLC 3.07% 3.91%

Only in one fund ↓

Only in WDEF

EXOSENS SA 1.68%

EXAIL TECHNOLOGIES SA 1.32%

FINCANTIERI SPA 1.29%

THEON INTERNATIONAL PLC 1.26%

KONGSBERG MARITIME ASA 0.77%

OHB SE 0.77%

INVISIO AB 0.51%

GOODWIN PLC 0.50%

Only in XDEF

MTU AERO ENGINES AG 4.83%

LISI SA 0.87%

MONTANA AEROSPACE AG 0.54%

SPINNAKER ETF SERIES 0.44%

NORBIT ASA 0.43%

YUBICO AB 0.31%

NCC GROUP PLC 0.27%

CREOTECH INSTRUMENTS SA 0.19%

Check overlap with more funds →

Window by window

Window by window: WDEF vs XDEF: Holdings Overlap & Returns
	Total return
Window	WDEF	XDEF
3 months	−10.7%	−9.7%
6 months	−9.1%	−5.7%
1 year	−5.6%	–
Since launchNot the same days: WDEF Jul 2025 · XDEF Feb 2026	−4.6%	−12.4%

– means no data for this window. Open this comparison in the app →

Side by side

WDEF WisdomTree Europe Defense Fund · Holds 42 stocks in defense, 0% of its weight in S&P 500 companies XDEF Xtrackers Europe Defense Technologies ETF · Holds 35 stocks in defense, 0% of its weight in S&P 500 companies

Issuer WisdomTree Xtrackers

Theme Defense Defense

In the S&P 500 0.0% 0.0%

Active share vs the S&P 500 100.0% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 42 35

Top ten, share of the fund 63.3% 64.0%

Expense ratio 0.45% 0.35%

Fee for the differing part 0.45% 0.35%

Total return, 1 year −5.6% −12.4% (since launch, Feb 19, 2026)

vs its benchmark not measured not measured

Below its high −17.3% −13.0%

Net assets, WDEF as of Jun 30, 2026 and XDEF as of Nov 2, 2026 $88m $4.3m

As of Nov 4, 2026. Source: ETFIQ.

74% of the two portfolios are the same securities at the same weight.

Alert

About each fund

WDEF

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 63% of the fund across 42 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −5.6% with distributions reinvested. It sits 17.3% below its all-time high of Jan 27, 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 WDEF and XDEF hold the same stocks?: By their latest filings, 74% 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, WDEF or XDEF?: WDEF has 0% of its weight in S&P 500 names and XDEF has 0%, so WDEF differs more from the index.
Which is cheaper, WDEF or XDEF?: WDEF charges 0.45% a year and XDEF charges 0.35%, so XDEF is cheaper. Fees come from each fund's prospectus.

Other comparisons

WDEF vs WR WDEF vs GCAD WDEF vs XAR WDEF vs WDGF XDEF vs MISL XDEF vs EUAD XDEF vs IDEF XDEF vs PPA

Where to next

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

Sources and dates

WDEF filings on SEC EDGAR ↗

WDEF prospectus with the expense ratio (SEC) ↗

WisdomTree page for WDEF ↗

XDEF filings on SEC EDGAR ↗

XDEF prospectus with the expense ratio (SEC) ↗

Xtrackers 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.

Cite this pageCitation, APA and Markdown

ETFIQ, WDEF against XDEF, data as of Nov 4, 2026. https://etfiq.com/compare/themes/wdef-vs-xdef

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