WAR
U.S. Global Tech and Aerospace & Defense ETF
The U.S. Global Tech and Aerospace & Defense ETF seeks to provide investment results that correspond generally to the performance of companies involved in technology and the aerospace and defense sectors.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 37.3 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Dec 27, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AXON ENTERPRISE INC | 9.4 % |
| MICRON TECHNOLOGY INC | 8.1 % |
| MILDEF GROUP AB | 8.0 % |
| ASTERA LABS INC | 7.9 % |
| DRONESHIELD LTD | 5.3 % |
| ROLLS-ROYCE HOLDINGS-SP ADR | 4.4 % |
| NVIDIA CORP | 4.3 % |
| THEON INTERNATIONAL PLC | 4.1 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 4.1 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 4.0 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 516 |
| Wgt avg mkt cap (mns) | $361,515 |
| Large cap (>$10bn) | 65.6% |
| Mid cap ($2-10bn) | 10.6% |
| Small cap (<$2bn) | 11.2% |
| Developed mkts. | 87.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 69.3 % |
 |
AUSTRALIA | 8.9 % |
 |
NETHERLANDS | 4.8 % |
 |
BRITAIN | 4.4 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 49.3% | 42.1% | -- | -- | -- | -- | -- | 44.5% |
| Dividend Yield | 0.0% | 17.9% | -- | -- | -- | -- | -- | 11.9% |
| Total Returns | 49.3% | 59.9% | -- | -- | -- | -- | -- | 56.4% | Ann. Volatility | 38.7% | 30.9% | -- | -- | -- | -- | -- | 29.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.89 | 58% |
| MSCI EAFE | 1.27 | 41% |
| MSCI Emg Mkts | 1.02 | 56% |
Liquidity Measures
| Avg. volume (000) | 22 |
| ADV traded (mns) | $1 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.63% |
Technical Indicators
| 30d moving avg. (EMA) | $32.57 |
| Relative strength (RSI) | 51 |
| MACD/Signal | -0.10/0.09 |
| Bollinger Bands (Upper/Lower) | $34.49/$31.16 |
| Short interest (% of AUM) | 0.5% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WAR |
Expenses vs. WAR |
ALTAR Score™ vs. WAR |
|---|---|---|---|---|
| CPAI | Counterpoint Quantitative Equity ETF | 23.7% | +15 bp | +4.8% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 20.6% | +8 bp | +4.0% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 20.0% | -15 bp | +1.7% |
| FDTX | Fidelity Disruptive Technology ETF | 19.3% | -10 bp | +1.8% |
| SOXX | iShares Semiconductor ETF | 18.8% | -25 bp | +1.6% |
| SPRX | Spear Alpha ETF | 18.7% | +15 bp | -1.3% |
| TRFK | Pacer Data and Digital Revolution ETF | 18.4% | 0 bp | +1.6% |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 18.3% | -45 bp | +2.4% |
| PTF | Invesco Dorsey Wright Technology Momentum ETF | 18.2% | 0 bp | -1.3% |
| SOXQ | Invesco PHLX Semiconductor ETF | 17.8% | -41 bp | +1.6% |
Risk and Returns: WAR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/15/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
0.6%
ALTAR SCORE™
7th
PERCENTILE
AVOID
ETFRC RATING
There are 733 funds in the Global Equity category with an average
ALTAR Score™ of 4.4% and a standard deviation
of 2.6%. WAR's ALTAR Score™ is approximately -1.5 standard
deviations above the category average. This places WAR in the 7th percentile
among funds in the category.
Sell-Side Consensus
$34.76
PRICE TARGET
+11.8%
UPSIDE