ETF Overlap Tool
Enter up to six ETFs to see how much of each is the same securities. Overlap by weight is the sum, over every holding two funds share, of the smaller of the two weights: 100% means identical portfolios, 0% means nothing in common.
Overlap by weight
42 holdings in all 2 funds| Fund | NATO | WDGF | Positions | Holdings |
|---|---|---|---|---|
| NATOThemes Transatlantic Defense ETF | — | 46% 42 shared |
83 | as of Jun 30, 2026SEC filing |
| WDGFWisdomTree Global Defense Fund | 46% 42 shared | — | 115 | as of Jun 30, 2026SEC filing |
Each cell: overlap by weight, and how many positions the two funds share. Equity, preferred and fund holdings are compared; cash and derivatives are not.
Held by both funds
46.4% common weight| Holding | NATO | WDGF | Smallest |
|---|---|---|---|
| RTX | 7.58% | 5.46% | 5.46% |
| LMT | 5.17% | 4.93% | 4.93% |
| GD | 3.61% | 5.18% | 3.61% |
| BAE Systems PLC | 3.36% | 5.04% | 3.36% |
| NOC | 3.35% | 4.92% | 3.35% |
| Rolls-Royce Holdings PLC | 7.13% | 3.04% | 3.04% |
| TDG | 3.39% | 2.75% | 2.75% |
| BA | 7.25% | 2.55% | 2.55% |
| LHX | 2.51% | 3.33% | 2.51% |
| Rheinmetall AG | 2.40% | 4.27% | 2.40% |
| RKLB | 2.50% | 2.33% | 2.33% |
| CW | 1.31% | 1.80% | 1.31% |
| Thales SA | 1.02% | 3.35% | 1.02% |
| Leonardo SpA | 0.98% | 2.07% | 0.98% |
| BWXT | 0.82% | 1.14% | 0.82% |
| Saab AB | 0.72% | 1.97% | 0.72% |
| HEI | 0.67% | 2.04% | 0.67% |
| MOG.A | 0.54% | 0.57% | 0.54% |
| HII | 0.49% | 0.61% | 0.49% |
| KTOS | 0.42% | 0.65% | 0.42% |
| MRCY | 0.29% | 0.44% | 0.29% |
| Dassault Aviation SA | 0.27% | 1.71% | 0.27% |
| Melrose Industries PLC | 0.36% | 0.26% | 0.26% |
| AIR | 0.25% | 0.27% | 0.25% |
| AVAV | 0.23% | 0.49% | 0.23% |
| Hensoldt AG | 0.22% | 0.67% | 0.22% |
| RENK Group AG | 0.18% | 0.30% | 0.18% |
| KRMN | 0.17% | 0.50% | 0.17% |
| AMTM | 0.13% | 0.26% | 0.13% |
| YSS | 0.13% | 0.21% | 0.13% |
| QinetiQ Group PLC | 0.12% | 0.22% | 0.12% |
| DCO | 0.11% | 0.12% | 0.11% |
| CSG NV | 0.10% | 0.97% | 0.10% |
| DRS | 0.10% | 0.72% | 0.10% |
| FLY | 0.10% | 0.26% | 0.10% |
| Chemring Group PLC | 0.08% | 0.16% | 0.08% |
| LOAR | 0.07% | 0.28% | 0.07% |
| RDW | 0.06% | 0.14% | 0.06% |
| Cohort PLC | 0.06% | 0.07% | 0.06% |
| Exail Technologies SA | 0.05% | 0.15% | 0.05% |
| Colt CZ Group SE | 0.05% | 0.21% | 0.05% |
| NPK | 0.04% | 0.09% | 0.04% |
Reading overlap
Two funds with 80% overlap move together and holding both mostly doubles one exposure and both fees. Low overlap is not the same as diversification: two funds can share no holdings and still be driven by the same factor. To see what a whole portfolio owns, use the portfolio x-ray.
Holdings come from each issuer's daily file where we have one and otherwise from the fund's latest SEC filing, so the two sides of a comparison can be from different dates. The table shows each fund's date.
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.