WEPN vs XAR
Nicholas Defense and Rare Earth Income ETF against State Street SPDR S&P Aerospace & Defense ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
22%
8 shared positions
Fee gap
76 bp
XAR is cheaper
1-year return gap
—
Larger fund
XAR
$5.5B
Side by side
| WEPN | XAR | |
|---|---|---|
| Fund | Nicholas Defense and Rare Earth Income ETF | State Street SPDR S&P Aerospace & Defense ETF |
| Issuer | Nicholas | State Street SPDR |
| Category | Multisector Bond | Aerospace & Defense |
| Expense ratio | 1.11% | 0.35% |
| Assets | $6.1M | $5.5B |
| Average daily dollar volume | $69K | $72M |
| Listed | Mar 2, 2026 | Sep 28, 2011 |
| FrenzyCap score | 10 | 89 |
| 1-month return | −0.1% | −6.7% |
| 3-month return | +2.1% | −13.6% |
| Year to date | — | −5.3% |
| 1-year return | — | −8.5% |
| 30-day volatility | 22.7% | 17.8% |
| Worst drawdown, 1 year | −21.2% | −23.6% |
| Trailing 12-month yield | 7.74% | 0.18% |
| Holdings | 80 | 51 |
| Top 10 weight | 57.4% | 30.1% |
| Look-through P/E | 84.5 | 82.2 |
| Holdings vs fair value | +1.1% | +3.4% |
| Holdings above 200-day average | 38% | 9% |
| Net flow, latest 3 reported months | +$1.2M thru Jul 2026 | +$11M thru Jun 2026 |
| 30-day implied volatility | — | 29.5% |
| Holdings as of | as of Jul 31, 2026SEC filing | as of Oct 8, 2026issuer data |
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 WEPN · 23% of XAR
Sector mix of the stock holdings
| Sector | WEPN | XAR | Gap |
|---|---|---|---|
| Industrials | 28.3% | 85.6% | −57.3% |
| Technology | 35.9% | 3.0% | +33.0% |
| Materials | 11.1% | 11.1% | +0.0% |
| Health Care | 0.0% | 0.3% | −0.3% |
More: full overlap table · WEPN holdings · XAR 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.