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
$ 39.2 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 +
| MICRON TECHNOLOGY INC | 9.1 % |
| ASTERA LABS INC | 9.1 % |
| MARVELL TECHNOLOGY, INC. | 7.1 % |
| ADVANCED MICRO DEVICES | 6.8 % |
| AMPRIUS TECHNOLOGIES INC | 5.8 % |
| MILDEF GROUP AB | 5.8 % |
| DRONESHIELD LTD | 5.3 % |
| AEROEDGE CO LTD | 4.3 % |
| AMBARELLA INC | 3.9 % |
| NVIDIA CORP | 3.8 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 495 |
| Wgt avg mkt cap (mns) | $230,426 |
| Large cap (>$10bn) | 42.7% |
| Mid cap ($2-10bn) | 10.6% |
| Small cap (<$2bn) | 16.9% |
| Developed mkts. | 87.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 78.3 % |
 |
AUSTRALIA | 5.3 % |
 |
NETHERLANDS | 2.2 % |
 |
BRITAIN | 1.2 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.1% | 46.8% | -- | -- | -- | -- | -- | 35.7% |
| Dividend Yield | 0.0% | 18.5% | -- | -- | -- | -- | -- | 12.7% |
| Total Returns | 29.1% | 65.3% | -- | -- | -- | -- | -- | 48.4% | Ann. Volatility | 33.4% | 25.1% | -- | -- | -- | -- | -- | 26.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 54% |
| MSCI EAFE | 1.04 | 36% |
| MSCI Emg Mkts | 0.92 | 46% |
Liquidity Measures
| Avg. volume (000) | 39 |
| ADV traded (mns) | $1 |
| Turnover | 3.6% |
| Avg. Bid/Ask (% of price) | 0.55% |
Technical Indicators
| 30d moving avg. (EMA) | $30.01 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 1.05/1.06 |
| Bollinger Bands (Upper/Lower) | $33.00/$28.73 |
| 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 |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 36.6% | +39 bp | +1.2% |
| SOXX | iShares Semiconductor ETF | 27.3% | -25 bp | +1.7% |
| ARTY | iShares Future AI & Tech ETF | 27.3% | -13 bp | +2.1% |
| CHAT | Roundhill Generative AI & Technology ETF | 26.9% | +15 bp | +4.2% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 25.5% | 0 bp | +1.5% |
| CHPX | Global X AI Semiconductor & Quantum ETF | 23.8% | -10 bp | +1.6% |
| SMHX | VanEck Fabless Semiconductor ETF | 23.6% | -25 bp | +1.7% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 22.9% | +8 bp | +3.9% |
| XNTK | State Street SPDR NYSE Technology ETF | 22.4% | -25 bp | +2.5% |
| SOXQ | Invesco PHLX Semiconductor ETF | 22.0% | -41 bp | +1.7% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 5/29/2026
Peer Group Comparison
Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
0.4%
ALTAR SCORE™
7th
PERCENTILE
AVOID
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% 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
$35.01
PRICE TARGET
-1.7%
UPSIDE