IQ

WR Corgi U.S. War Machine ETF

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$26.62
−4.4% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its May 6, 2026 launch to Nov 4, 2026, WR returned 6.4%.

What drove WR’s returns?What can WR’s first months tell me?What does WR cost to hold and to trade?
Holds 56 stocks in defense, 68% of its weight in S&P 500 companiesCorgi ↗Expense ratio 0.35%Fund assets $932,169 on Nov 4, 2026First traded May 6, 2026Benchmark Its own holdings, as of Nov 4, 2026; its prospectus names no index it tracksSEC filings ↗Every Corgi fund ETFIQ covers

Promise check: Not measuredETFIQ has not yet listed which companies belong to the defense theme.

Compare with…Trading costsPut to the committeeaskIQ about WRAdd to portfolioOverlapFlowsAlerts

WR risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since May 2026
+$3.3m
askIQ: what do these flows mean? ↗

What you earned

WR −0.4%: total return over one month to Nov 4, 2026.
WR−0.4%
WR +2.8%: total return over three months to Nov 4, 2026.
WR+2.8%
WR +6.4%: total return over six months to Nov 4, 2026.
WR+6.4%
WR +6.4%: total return since launch to Nov 4, 2026.
WR+6.4%
askIQ: what drove WR’s returns? ↗

What can be shown yet

First traded May 6, 2026
68.0%
Already in the S&P 500
Report
96.6%
Active share vs the S&P 500
Report
49.5%
Top ten holdings
Report
+6.4%
Total return, since launch
Report
WR has traded for 182 days. Numbers that need a year of prices are not shown yet.
Shown now
First tradedMay 6, 2026
Outside the S&P 500, by weight32%
Already in the Nasdaq-100, by weight9.9%
Active share vs the Nasdaq-10097.4%
Not yet
One-year returnfrom May 6, 2027
Three-year returnfrom May 6, 2029
askIQ: what can WR’s first months tell me? ↗

More on WR

Every number below is on this page. Open what you need.

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Price since launch, May 6, 2026

$26.62−4.4%1 day, priceClose, Nov 4, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

WR returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−0.4%−1.0%
3M Aug 5 – Nov 4, 2026+2.8%−0.1%
6M May 6 – Nov 4, 2026+6.4%+5.0%
Since launch May 6 – Nov 4, 2026+6.4%+5.0%

Total returns, distributions reinvested. Listed May 2026: no year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Where every fund in this set sits

How much of its weight does it not share with the S&P 500?

Active share against the S&P 500
USNZ 24.1%IQSZ 50.0%TNXT 51.6%IETC 59.6%XIGV 60.5%CRTC 62.6%AIX 63.4%LQAI 64.9%ALAI 65.2%IVES 66.3%XAIX 66.5%ILDR 66.9%PEXL 67.1%JHAI 68.1%AIQ 68.8%AGIX 69.2%AOTG 69.3%XT 69.8%FAI 70.1%CHAT 70.2%WTAI 71.5%AIEQ 72.1%THMZ 73.5%CARZ 74.3%AIFD 74.4%FRWD 74.4%FDTX 75.1%WUGI 75.2%AIUP 76.1%BAI 76.7%TEKY 77.7%PNQI 78.9%FMET 79.1%IGPT 79.2%FDCF 79.6%AINT 80.3%ARKQ 80.4%SHOC 80.5%SMH 80.7%SOXQ 80.8%FTXL 80.9%GGME 81.5%KNCT 81.7%PBOT 82.1%UFOX 82.2%SOXX 82.3%CBOT 82.4%, and 1 more at this point: ARKW 82.5%CHPX 82.8%CHPS 82.9%OGIG 82.9%ARTY 83.0%ABOT 83.7%ARKX 83.9%SUPP 84.2%RACK 84.3%MILN 84.7%FDN 85.5%AIPO 85.7%AGIQ 86.0%CLOD 86.1%XDAT 86.2%BUYZ 86.3%SMHX 87.2%FOWF 88.4%NRSH 88.6%PCLN 89.5%DTCR 90.5%CIBR 90.7%FCLD 91.6%TMAT 91.6%RBLD 91.9%PSI 92.2%IGV 92.4%TCAI 93.3%NEWZ 94.6%TSES 94.7%MADE 94.8%PBPH 95.0%FTWO 95.1%GDOC 95.4%BMED 95.6%EPAI 95.6%IFRA 95.7%PPA 96.4%POWR 96.9%VOLT 96.9%YUNG 97.1%FPWR 97.2%, and 2 more at this point: IVEP 97.2%, PAVE 97.2%MISL 97.4%HVAC 97.5%, and 1 more at this point: RIFR 97.5%AV 97.6%, and 1 more at this point: TSSD 97.6%IPAY 97.7%, and 4 more at this point: ITA 97.7%, NATO 97.7%, KYC 97.8%, ZAP 97.8%DUTY 98.1%WNDR 98.1%DRES 98.2%, and 2 more at this point: TPZ 98.3%, SRVR 98.5%NFRX 98.2%IHI 98.7%SHLD 98.7%DOCK 98.8%BBH 99.0%PHO 99.4%LGHT 99.5%WR 96.6%96.6%24.1%99.5%
24.1% to 99.5% across 114

That is the share of the 114 thematic ETFs with at least half their money in S&P 500 companies sitting at or below WR.

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. Where the fund sits in this set, not a rating. Do not average it with another category's score.

75.0
IQ Themes ScoreETFIQ S&P 500 Difference Score29th of 114 · Nov 4, 2026
0.4 · lowest of 114 thematic ETFs with at least half their money in S&P 500 companies99.6 · highest

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

WR shares 24 of its 56 holdings with the S&P 500. Counting each at the smaller of its two weights, the two overlap by 3.4%.

active share against the S&P 50096.6% · 75th pct
All 114 ranked by this score →

Money in and out

Monthly data · as of Jun 30, 2026

WR: in the month to Jun 30, 2026, nothing net moved, by its SEC filing.

Since May 2026
+$3.3m
May 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions WR files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for WR, back to May 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare WR with other funds in the flows tool

Month by month, money in and money outMay 2026 to Jun 2026

WR, money in and money out each month from May 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from WR’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 0.

Every bar is from WR’s SEC filings (N-PORT item B.6). Of the 2 months listed, money came in on net in 1 and went out in 0.

MonthInOutNet
Jun 2026 SEC Form N-PORT$0$0$0
May 2026 SEC Form N-PORT+$3.3m$0+$3.3m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

WR key stats

High since May 6, 2026, daily closes to Nov 4, 2026 (ETFIQ)$28.68 on Oct 30, 2026
Low since May 6, 2026, daily closes to Nov 4, 2026 (ETFIQ)$23.89 on Jun 24, 2026
Close on Nov 4, 2026, within that range (ETFIQ)$26.62, 57% of the way from the low to the high
Holdings56
Top ten holdings weight49.5%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · WRas of Nov 4, 2026
·
Not scored2 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Nov 3 close+0.05%
−0.1%95% of days within ±0.08% · the 1% band is off this scale+0.1%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

WR for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
WR interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

WR is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work
Download all holdings

WR top ten by weight, 49.5% of the fund, of its 56 equity positions, from the holdings published by its issuer for Nov 4, 2026. Source: the issuer’s own daily file.

ExxonMobil Holdings Corp XOM 9.02%
Chevron Corp CVX 6.68%
Palantir Technologies Inc PLTR 5.54%
RTX Corp RTX 5.22%
Marathon Petroleum Corp MPC 4.13%
ConocoPhillips COP 4.11%
Lockheed Martin Corp LMT 4.02%
Phillips 66 PSX 3.90%
Valero Energy Corp VLO 3.84%
General Dynamics Corp GD 3.01%
Holdings, the issuer’s own daily file ↗See all 56 holdings →Check overlap with another fund →

Source: Corgi’s daily holdings file. Updated each trading day. Last checked Nov 4, 2026.

About WR

Theme (ETFIQ, editorial)Defense
First tradedMay 6, 2026
Already in the S&P 500, by weight (ETFIQ)68.0%
Outside the S&P 500, by weight (ETFIQ)32%
Active share vs the S&P 500 (ETFIQ)96.6%
Already in the Nasdaq-100, by weight (ETFIQ)9.9%
Active share vs the Nasdaq-100 (ETFIQ)97.4%
Top ten holdings weight49.5%
Holdings56
Holdings published for (the issuer’s daily file)Nov 4, 2026
Holdings as of the close of (the issuer’s daily file)Nov 4, 2026
Top holdingsExxonMobil Holdings Corp 9.0%, Chevron Corp 6.7%, Palantir Technologies Inc 5.5%, RTX Corp 5.2%, Marathon Petroleum Corp 4.1%, ConocoPhillips 4.1%, Lockheed Martin Corp 4.0%, Phillips 66 3.9%, Valero Energy Corp 3.8%, General Dynamics Corp 3.0%
Net assets (the issuer’s own daily fund list, as of Nov 4, 2026)$932,169Report
Benchmark (ETFIQ, from its filings)Its own holdings, as of Nov 4, 2026; its prospectus names no index it tracks
Below its all-time high (ETFIQ)−7.2%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.35%Report
Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ)0.36%
Closest funds by holdings overlapIGE 48%, TSES 43%, NANR 33%, MISL 31%, PPA 29%
Below its all-time high7.2%, high on Oct 30, 2026
How we measure
The top ten holdings are 50% of the fund across 56 positions, as published by its issuer for Nov 4, 2026. Since it first traded on May 6, 2026 the fund returned +6.4% with distributions reinvested. It sits 7.2% below its all-time high of Oct 30, 2026.
Holdings from the file the issuer publishes daily; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on WR

12 seats on WR, as of Nov 4, 2026: 1 Supports, 2 Mixed, 8 Challenges, 1 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyChallenges
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianMixed
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatMixed
Put WR to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about WR

How much of WR is in S&P 500 companies?
By its holdings published by its issuer for Nov 4, 2026, 68% of WR by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.
What does WR hold?
56 positions as published by its issuer for Nov 4, 2026, with the top ten at 50% of the fund. The largest are ExxonMobil Holdings Corp at 9.0%, Chevron Corp at 6.7%, Palantir Technologies Inc at 5.5%.
Has WR beaten the S&P 500?
Since it first traded on May 6, 2026, WR returned +6.4% with distributions reinvested, against +5.0% for the S&P 500, so it finished ahead of the index by 1.4 points.
What does WR cost?
The prospectus expense ratio is 0.35% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.36%.
Sources and dates
Prices, WR and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 0.35%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $932,169The issuer’s own daily fund list · Nov 4, 2026
HoldingsHoldings, the issuer’s own daily file · Nov 4, 2026 ↗
IssuerCorgi website ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, WR, thematic ETFs, data as of Nov 4, 2026. https://etfiq.com/funds/wr

The difference bar for WR, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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WR: 68% of WR's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/themes/wr/" title="WR: 68% of WR&#x27;s weight is in S&amp;P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026." width="640" height="346" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">WR: 68% of WR&#x27;s weight is in S&amp;P 500 companies and 32% is outside the index. Holdings as of Nov 4, 2026. Data: <a href="https://etfiq.com/funds/wr">ETFIQ</a></figcaption>
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Snapshot, Nov 4, 2026. More on the tabs above.