FOWF vs NATO
Pacer Solactive Whitney Future of Warfare ETF against Themes Transatlantic Defense ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
40%
18 shared positions
Fee gap
14 bp
NATO is cheaper
1-year return gap
15.2 pts
FOWF is ahead
Larger fund
NATO
$90M
Side by side
| FOWF | NATO | |
|---|---|---|
| Fund | Pacer Solactive Whitney Future of Warfare ETF | Themes Transatlantic Defense ETF |
| Issuer | Pacer | Themes |
| Category | Aerospace & Defense | Aerospace & Defense |
| Expense ratio | 0.49% | 0.35% |
| Assets | $14M | $90M |
| Average daily dollar volume | $49K | $809K |
| Listed | Dec 17, 2024 | Oct 10, 2024 |
| FrenzyCap score | 36 | 53 |
| 1-month return | −0.5% | −5.1% |
| 3-month return | −0.0% | −9.3% |
| Year to date | +9.0% | −5.5% |
| 1-year return | +6.3% | −8.9% |
| 30-day volatility | 11.9% | 13.6% |
| Worst drawdown, 1 year | −10.6% | −18.9% |
| Trailing 12-month yield | 0.77% | 0.48% |
| Holdings | 87 | 85 |
| Top 10 weight | 46.8% | 58.6% |
| Look-through P/E | 23.9 | 29.8 |
| Holdings vs fair value | +14.6% | +7.2% |
| Holdings above 200-day average | 27% | 2% |
| Net flow, latest 3 reported months | −$2K thru Jul 2026 | −$6.3M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Apr 30, 2026SEC filing | as of Jun 30, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
49% of FOWF · 67% of NATO| Holding | FOWF | NATO |
|---|---|---|
| BA | 7.50% | 7.25% |
| RTX | 6.75% | 7.58% |
| LMT | 6.37% | 5.17% |
| GD | 7.54% | 3.61% |
| BAE Systems PLC | 3.98% | 3.36% |
| NOC | 5.57% | 3.35% |
| LHX | 3.24% | 2.51% |
| HON | 1.65% | 3.14% |
| HWM | 0.80% | 4.83% |
| Leonardo SpA | 0.70% | 0.98% |
| Rolls-Royce Holdings PLC | 0.67% | 7.13% |
| Safran SA | 0.62% | 4.87% |
| Thales SA | 0.62% | 1.02% |
| Airbus SE | 0.61% | 5.08% |
| TDG | 0.56% | 3.39% |
| MTU Aero Engines AG | 0.53% | 1.03% |
| Saab AB | 0.53% | 0.72% |
| Rheinmetall AG | 0.52% | 2.40% |
Sector mix of the stock holdings
| Sector | FOWF | NATO | Gap |
|---|---|---|---|
| Industrials | 44.4% | 62.2% | −17.8% |
| Technology | 25.3% | 0.7% | +24.6% |
| Materials | 1.9% | 5.2% | −3.3% |
| Communication Services | 2.8% | 0.0% | +2.8% |
| Consumer Discretionary | 2.0% | 0.0% | +2.0% |
| Health Care | 0.0% | 0.0% | −0.0% |
More: full overlap table · FOWF holdings · NATO holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.