Data as of .
WR vs XAR: which is really different?
WR and XAR hold 24% of their weight in the same names.
ETFIQ Off-Index Score: XAR 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
24% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, WR and XAR hold 24% of their money in the same securities at the same weight.
| Holding | WR | XAR |
|---|---|---|
| RTX Corp | 5.04% | 3.31% |
| Lockheed Martin Corp | 3.55% | 3.11% |
| General Dynamics Corp | 2.87% | 3.16% |
| Howmet Aerospace Inc | 2.55% | 2.74% |
| TransDigm Group Inc | 1.61% | 2.69% |
| ATI Inc | 1.42% | 3.04% |
| Rocket Lab Corp | 1.34% | 1.96% |
| Huntington Ingalls Industries Inc | 0.81% | 2.91% |
| Moog Inc | 0.81% | 2.82% |
| BWX Technologies Inc | 0.76% | 2.42% |
| Kratos Defense & Security Solutions Inc | 0.74% | 2.63% |
| Hexcel Corp | 0.65% | 2.91% |
| Only in WR | Only in XAR |
|---|---|
| ExxonMobil Holdings Corp 8.60% | ARCHER AVIATION INC A 3.24% |
| Chevron Corp 6.37% | AXON ENTERPRISE INC 3.07% |
| Palantir Technologies Inc 5.66% | VSE CORP 3.06% |
| Marathon Petroleum Corp 4.41% | GENERAL ELECTRIC 2.98% |
| Valero Energy Corp 4.29% | NORTHROP GRUMMAN CORP 2.93% |
| Phillips 66 4.04% | BOEING CO/THE 2.86% |
| ConocoPhillips 3.90% | HEICO CORP 2.80% |
| EOG Resources Inc 2.67% | STANDARDAERO INC 2.76% |
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 Sep 17, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| WR | XAR | WR | XAR | WR | XAR | |
| 3 months | +11.1% | −15.6% | +8.8 pts | −17.9 pts | +13.6 pts | −13.1 pts |
| 6 months | not published | −7.3% | not published | −25.3 pts | not published | −31.5 pts |
| 1 year | not published | +6.0% | not published | −10.6 pts | not published | −15.8 pts |
| 3 years | not published | +110.8% | not published | +32.4 pts | not published | +12.7 pts |
| Since launch | +7.9% | +1014.0% | +3.6 pts | +261.0 pts | +4.1 pts | −408.8 pts |
| WR Corgi U.S. War Machine ETF Holds 57 stocks in defense, 70% of its weight in S&P 500 companies | XAR State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF Holds 49 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Corgi | State Street |
| Theme | Defense | Defense |
| In the S&P 500 | 70.0% | 34.9% |
| Active share vs the S&P 500 | 96.6% | 97.9% |
| In the Nasdaq-100 | 9.2% | 3.1% |
| Holdings | 57 | 49 |
| Top ten, share of the fund | 48.7% | 30.8% |
| Expense ratio | not published | 0.35% |
| Fee for the differing part | not published | 0.36% |
| Total return, 1 year | +7.9% (since launch on May 6, 2026) | +6.0% |
| vs the S&P 500 | +3.6 pts | −10.6 pts |
| vs the Nasdaq-100 | +4.1 pts | −15.8 pts |
| Below its high | −3.9% | −19.2% |
| Net assets | $945,672 | $6.1bn |
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.
XAR in plain words
By weight, 35% of XAR'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 31% of the fund across 49 positions, as published by its issuer for Sep 17, 2026. Over the year to Sep 18, 2026 the fund returned +6.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 10.6 pts. It sits 19.2% below its all-time high of Aug 14, 2026.
Questions people ask
- Do WR and XAR hold the same stocks?
- By their latest filings, 24% 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, WR or XAR?
- WR has 70% of its weight in S&P 500 names and XAR has 35%, so XAR 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, WR against XAR, data as of Sep 18, 2026. https://etfiq.com/compare/themes/wr-vs-xar Free to use with attribution; the underlying files are at Open data.