# WDEF (WisdomTree Europe Defense Fund)

WisdomTree · Thematic ETFs · data as of Sep 11, 2026

WDEF holds 42 stocks, and 100% of its weight is outside the S&P 500.

## Key facts

- WDEF, already in the S&P 500: 0.0%, as of Sep 11, 2026.
- WDEF, active share vs the S&P 500: 100.0%, as of Sep 11, 2026.
- WDEF, top ten holdings: 63.9%, as of Sep 11, 2026.
- WDEF, total return, 1 year: −8.0%, as of Sep 11, 2026.
- WDEF, net assets: $83m (issuer page, as of Sep 11, 2026).
- WDEF, expense ratio: 0.45% (485BPOS XBRL, Jul 29, 2026).

## WDEF over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −0.7% | +3.3% | −4.0 pts | +0.1 pts |
| 6 months | −12.0% | +16.0% | −28.0 pts | −32.7 pts |
| 1 year | −8.0% | +17.5% | −25.4 pts | −30.9 pts |
| Since launch | −4.2% | +23.0% | −27.3 pts | −32.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Defense | ETFIQ, editorial |
| Launched | Jul 17, 2025 | ETFIQ |
| Already in the S&P 500, by weight | 0.0% | ETFIQ |
| Active share vs the S&P 500 | 100.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 63.9% | ETFIQ |
| Holdings | 42 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | BAE SYSTEMS PLC 10.2%, THALES SA 10.1%, RHEINMETALL AG 8.7%, SAFRAN SA 5.6%, ROLLS-ROYCE HOLDINGS PLC 5.6%, AIRBUS SE 5.3%, SAAB AB 4.8%, LEONARDO SPA 4.8%, KONGSBERG GRUPPEN ASA 4.6%, DASSAULT AVIATION SA 4.1% | ETFIQ |
| Net assets | $83m | issuer page, as of Sep 11, 2026 |
| Below its all-time high | −17.0% | ETFIQ |
| Expense ratio | 0.45% | 485BPOS XBRL, Jul 29, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.45% | ETFIQ |
| Closest funds by holdings overlap | XDEF 71%, ARMY 58%, EUAD 56%, NATO 30%, WDGF 28% | ETFIQ |

## Questions

### How much of WDEF is in S&P 500 companies?

By its holdings filed for Jun 30, 2026, 0% of WDEF by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does WDEF hold?

42 positions as filed for Jun 30, 2026, with the top ten at 64% of the fund. The largest are BAE SYSTEMS PLC at 10.2%, THALES SA at 10.1%, RHEINMETALL AG at 8.7%.

### Has WDEF beaten the S&P 500?

Over the year to Sep 11, 2026 WDEF returned −8.0% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 25.4 points.

### What does WDEF cost?

The prospectus expense ratio is 0.45% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.45%.


## Cite this page

ETFIQ, WDEF, data as of Sep 11, 2026. https://etfiq.com/funds/wdef
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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