WAR U.S. Global Technology and Aerospace & Defense ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

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WAR — —
Key stats
About

U.S. Global Technology and Aerospace & Defense ETF (WAR) ETF

Exchange
ARCX
Inception
2024-12-27
Has Options
No
ETF Profile
holdings as of 2026-12-31
Holdings
30
AUM
$21.8M
Provider
Nport
Inception
2024-12-27
Exchange
ARCX
Data As Of
2026-12-31
Expense Ratio
—
Dividend Yield
9.39%
Distribution
—
Recent distributions
Ex-Date Pay Date Amount Type
2025-12-24 2025-12-26 $2.9541 CD
Asset Allocation
Top Holdings
top 30 of 30 holdings
Symbol Name Weight % Asset Class Country
— DroneShield Ltd 7.94% Equity (common) AU
— Mount Vernon Liquid Assets Portfolio, LLC 7.74% Short-term investment US
AMPX Amprius Technologies Inc 7.70% Equity (common) US
— Mildef Group AB 6.66% Equity (common) SE
ALAB Astera Labs Inc 5.66% Equity (common) US
— AeroEdge Co Ltd 5.61% Equity (common) JP
MU Micron Technology Inc 5.61% Equity (common) US
AVAV AeroVironment Inc 5.41% Equity (common) US
MRVL Marvell Technology Inc 5.24% Equity (common) US
PLTR Palantir Technologies Inc 4.61% Equity (common) US
AMD Advanced Micro Devices Inc 4.28% Equity (common) US
LMT Lockheed Martin Corp 4.24% Equity (common) US
WWD Woodward Inc 4.21% Equity (common) US
ISSC Innovative Solutions and Suppo 3.90% Equity (common) US
NVDA NVIDIA Corp 3.85% Equity (common) US
TLS Telos Corp 3.78% Equity (common) US
BA Boeing Co/The 3.55% Equity (common) US
— Ambarella Inc 3.27% Equity (common) US
SNDK Sandisk Corp/DE 1.72% Equity (common) US
LITE Lumentum Holdings Inc 1.66% Equity (common) US
— Nebius Group NV 1.39% Equity (common) NL
SAIL SailPoint Inc 1.36% Equity (common) US
ZS Zscaler Inc 1.34% Equity (common) US
UI Ubiquiti Inc 1.23% Equity (common) US
— nVent Electric PLC 1.13% Equity (common) GB
APH Amphenol Corp 1.12% Equity (common) US
CRWV CoreWeave Inc 1.09% Equity (common) US
— Credo Technology Group Holding 1.01% Equity (common) US
SMCI Super Micro Computer Inc 0.79% Equity (common) US
— First American Government Obli 0.67% Short-term investment US
Geographic Breakdown
Non-Equity Breakdown
U.S. Global Technology and Aerospace & Defense ETF · NPORT-P period 2026-12-31 (filed 2026-05-29)
Net assets: $20M · 30 total positions · equity 99.37% · non-equity 8.41%
Non-equity holdings — 2 positions, 8.41% of NAV
Category Weight Value Positions
Short-term investment 8.41% $1.7M 2
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +3.21% 2
Feb -2.56% 2
Mar -4.95% 2
Apr +13.62% 2
May +10.78% 2
Jun +2.16% 2
Jul -8.18% 2
Aug +4.35% 2
Sep +6.95% 2
Oct -0.89% 1
Nov -4.69% 1
Dec -4.65% 2
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $30.88
SMA 50: $31.11
SMA 200: $28.80
Current: $31.47
EMA 12: $31.36
EMA 26: $31.25
MACD: 0.1168 | Signal: 0.1215
BEARISH
ADX (14): 11.65
RANGE
+DI: 29.86
−DI: 32.83

Momentum Oscillators

RSI (14): 51.92
NEUTRAL
Stoch %K: 77.71
Stoch %D: 82.92
Williams %R: -25.23

Volume & Volatility

BB Upper: $32.50
BB Lower: $29.27
NEUTRAL
OBV: 960,238
Vol SMA 20: 9,467
Vol ROC: 77.53%
ATR: $0.71
True Range: $0.60
HV 20: 27.9%
HV 30: 32.9%
HV 60: 41.4%

Data Summary

Data Points: 438
Last Updated:
Date Range: 2024-12-30T00:00:00 – 2026-09-29T00:00:00
AI Analysis

LLM Stock Analysis Report

SYMBOL: WAR

Executive Summary: BULLISH (Confidence Level: 7/10)

Key drivers: Recent positive news headlines, technical momentum signals, and relative strength in the sector.

Primary risks: High volatility, potential for a pullback if market trends reverse.

Investment thesis: Despite high volatility, WAR's technical momentum and recent positive news sentiment create an attractive opportunity to buy into this trend.

Recent news sentiment impact: The positive headline about US Global Investors' success has contributed significantly to WAR's recent price move.

Technical Analysis: Trend Direction:

  • Short-term (1-4 weeks): Bullish
  • Medium-term (1-3 months): Neutral
  • Long-term (3-12 months): Bullish

Support/Resistance Levels:

  • Upper Bollinger Band: $34.29
  • Middle Bollinger Band: $31.88
  • Lower Bollinger Band: $29.47
  • Moving Average 20: $31.88

Momentum Signals: RSI (14) interpretation: Neutral (48.73), indicating a lack of overbought conditions. MACD signal: Bearish (-0.22 / Signal: -0.17 / Histogram: -0.05) Bollinger Bands position: Neutral, with price near the middle band.

Volume Analysis: Volume SMA 20: 15189.85 On-Balance Volume (OBV): 914568.67 Volume Rate of Change: -95.43%

News & Sentiment Analysis: Recent Headlines Summary:

  • Positive news headline about US Global Investors' success in 2024.

Sentiment Assessment: POSITIVE

Catalyst Identification: Upcoming earnings announcements for similar companies in the sector.

Market Narrative: Recent positive news headlines align with technical momentum signals, indicating a potential buying opportunity.

Risk & Volatility Assessment: Beta Interpretation: High risk (2.07 vs SPY)

Volatility Regime: Current volatility is higher than historical levels.

Options Market Signals:

  • IV rank: N/A
  • Put/call ratios: N/A
  • Unusual activity: None

Downside Protection:

  • Support levels: Lower Bollinger Band ($29.47), Moving Average 20 ($31.88)
  • Risk management considerations: Stop-loss levels around $30.00, position sizing with a maximum loss threshold.

Market Context & Positioning: Sector Performance: Relative strength vs sector/market: Strong

Institutional Activity: Volume patterns suggesting institutional interest: N/A

Correlation Analysis: How stock moves relative to market (R-squared interpretation): 0.71, indicating a moderate correlation.

Relative Valuation: Position within trading range: Bullish, with price near the upper end of the recent trading range.

Key Levels & Action Items: Critical Price Levels:

  • Upper Bollinger Band ($34.29)
  • Middle Bollinger Band ($31.88)

Breakout/Breakdown Levels:

  • Technical levels that could trigger significant moves: Lower Bollinger Band ($29.47), Moving Average 20 ($31.88)

Time-Sensitive Catalysts:

  • Earnings dates for similar companies in the sector
  • Regulatory changes or market announcements

Risk Management: Stop-loss levels around $30.00, position sizing with a maximum loss threshold.

By analyzing these data points, I provide a comprehensive stock analysis report for WAR. The bullish trend direction and momentum signals suggest an attractive buying opportunity. However, high volatility and potential risks must be carefully managed through risk management strategies.

Generated
News
Options Activity
Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
2.06
Correlation (SPY)
70.6%
R²
0.50
Ann. Volatility
37.9%
SPY Volatility
13.0%

High volatility - stock moves more than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month