NATO vs WDGF
Themes Transatlantic Defense ETF against WisdomTree Global Defense Fund: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
46%
42 shared positions
Fee gap
10 bp
NATO is cheaper
1-year return gap
1.8 pts
NATO is ahead
Larger fund
NATO
$90M
Side by side
| NATO | WDGF | |
|---|---|---|
| Fund | Themes Transatlantic Defense ETF | WisdomTree Global Defense Fund |
| Issuer | Themes | WisdomTree |
| Category | Aerospace & Defense | Aerospace & Defense |
| Expense ratio | 0.35% | 0.45% |
| Assets | $90M | $5.3M |
| Average daily dollar volume | $809K | $46K |
| Listed | Oct 10, 2024 | Sep 10, 2025 |
| FrenzyCap score | 53 | 39 |
| 1-month return | −5.1% | −3.9% |
| 3-month return | −9.3% | −3.1% |
| Year to date | −5.5% | −4.2% |
| 1-year return | −8.9% | −10.7% |
| 30-day volatility | 13.6% | 14.3% |
| Worst drawdown, 1 year | −18.9% | −19.8% |
| Trailing 12-month yield | 0.48% | 0.05% |
| Holdings | 85 | 117 |
| Top 10 weight | 58.6% | 44.2% |
| Look-through P/E | 29.8 | 32.8 |
| Holdings vs fair value | +7.2% | +7.4% |
| Holdings above 200-day average | 2% | 13% |
| Net flow, latest 3 reported months | −$6.3M thru Jun 2026 | −$3.8M thru Jun 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 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
58% of NATO · 66% of WDGF| Holding | NATO | WDGF |
|---|---|---|
| RTX | 7.58% | 5.46% |
| LMT | 5.17% | 4.93% |
| GD | 3.61% | 5.18% |
| BAE Systems PLC | 3.36% | 5.04% |
| NOC | 3.35% | 4.92% |
| Rolls-Royce Holdings PLC | 7.13% | 3.04% |
| TDG | 3.39% | 2.75% |
| BA | 7.25% | 2.55% |
| LHX | 2.51% | 3.33% |
| Rheinmetall AG | 2.40% | 4.27% |
| RKLB | 2.50% | 2.33% |
| CW | 1.31% | 1.80% |
| Thales SA | 1.02% | 3.35% |
| Leonardo SpA | 0.98% | 2.07% |
| BWXT | 0.82% | 1.14% |
| Saab AB | 0.72% | 1.97% |
| HEI | 0.67% | 2.04% |
| MOG.A | 0.54% | 0.57% |
| HII | 0.49% | 0.61% |
| KTOS | 0.42% | 0.65% |
| MRCY | 0.29% | 0.44% |
| Dassault Aviation SA | 0.27% | 1.71% |
| Melrose Industries PLC | 0.36% | 0.26% |
| AIR | 0.25% | 0.27% |
| AVAV | 0.23% | 0.49% |
Sector mix of the stock holdings
| Sector | NATO | WDGF | Gap |
|---|---|---|---|
| Industrials | 62.2% | 44.8% | +17.4% |
| Technology | 0.7% | 9.8% | −9.0% |
| Materials | 5.2% | 0.0% | +5.2% |
| Communication Services | 0.0% | 0.6% | −0.6% |
| Health Care | 0.0% | 0.0% | +0.0% |
More: full overlap table · NATO holdings · WDGF 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.