NATO vs XDEF
Themes Transatlantic Defense ETF against Xtrackers Europe Defense Technologies ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
28%
17 shared positions
Fee gap
0 bp
same fee
1-year return gap
—
Larger fund
NATO
$90M
Side by side
| NATO | XDEF | |
|---|---|---|
| Fund | Themes Transatlantic Defense ETF | Xtrackers Europe Defense Technologies ETF |
| Issuer | Themes | Xtrackers |
| Category | Aerospace & Defense | Aerospace & Defense |
| Expense ratio | 0.35% | 0.35% |
| Assets | $90M | $4.6M |
| Average daily dollar volume | $809K | $15K |
| Listed | Oct 10, 2024 | Feb 18, 2026 |
| FrenzyCap score | 53 | 39 |
| 1-month return | −5.1% | −6.3% |
| 3-month return | −9.3% | −2.5% |
| Year to date | −5.5% | — |
| 1-year return | −8.9% | — |
| 30-day volatility | 13.6% | 16.4% |
| Worst drawdown, 1 year | −18.9% | −19.8% |
| Trailing 12-month yield | 0.48% | 1.72% |
| Holdings | 85 | 32 |
| Top 10 weight | 58.6% | 61.4% |
| Look-through P/E | 29.8 | — |
| Holdings vs fair value | +7.2% | — |
| Holdings above 200-day average | 2% | — |
| Net flow, latest 3 reported months | −$6.3M thru Jun 2026 | $0 thru May 2026 |
| 30-day implied volatility | — | — |
| Holdings as of | as of Jun 30, 2026SEC filing | as of May 31, 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
28% of NATO · 76% of XDEF| Holding | NATO | XDEF |
|---|---|---|
| Rolls-Royce Holdings PLC | 7.13% | 8.62% |
| Airbus SE | 5.08% | 8.67% |
| Safran SA | 4.87% | 8.24% |
| BAE Systems PLC | 3.36% | 7.28% |
| Rheinmetall AG | 2.40% | 6.93% |
| MTU Aero Engines AG | 1.03% | 4.28% |
| Thales SA | 1.02% | 4.39% |
| Leonardo SpA | 0.98% | 3.97% |
| Saab AB | 0.72% | 3.86% |
| Melrose Industries PLC | 0.36% | 4.27% |
| Dassault Aviation SA | 0.27% | 3.71% |
| Hensoldt AG | 0.22% | 3.63% |
| RENK Group AG | 0.18% | 3.26% |
| QinetiQ Group PLC | 0.12% | 1.80% |
| Chemring Group PLC | 0.08% | 1.18% |
| Senior PLC | 0.07% | 0.95% |
| Avio SpA | 0.06% | 1.11% |
Sector mix of the stock holdings
| Sector | NATO | XDEF | Gap |
|---|---|---|---|
| Industrials | 62.2% | 0.0% | +62.2% |
| Materials | 5.2% | 0.0% | +5.2% |
| Technology | 0.7% | 0.0% | +0.7% |
| Health Care | 0.0% | 0.0% | +0.0% |
More: full overlap table · NATO holdings · XDEF 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.