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
$ 26.9 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 +
| AEROVIRONMENT INC | 7.0 % |
| MICRON TECHNOLOGY INC | 7.0 % |
| RHEINMETALL AG | 6.5 % |
| DRONESHIELD LTD | 6.5 % |
| AXT INC | 6.1 % |
| AXON ENTERPRISE INC | 5.2 % |
| SAAB CLASS B | 4.4 % |
| INNOVATIVE SOLUTIONS & SUPP | 4.3 % |
| NATIONAL PRESTO INDS INC | 4.1 % |
| CASH & OTHER | 3.9 % |
Constituent Breakdown
| Number of holdings | 27 |
| Herfindahl-Hirschman Index | 489 |
| Wgt avg mkt cap (mns) | $333,615 |
| Large cap (>$10bn) | 53.3% |
| Mid cap ($2-10bn) | 19.0% |
| Small cap (<$2bn) | 15.8% |
| Developed mkts. | 93.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 66.4 % |
 |
GERMANY | 6.6 % |
 |
AUSTRALIA | 6.5 % |
 |
SWEDEN | 4.4 % |
 |
NETHERLANDS | 4.1 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 36.2% | 20.3% | -- | -- | -- | -- | -- | 30.1% |
| Dividend Yield | 0.0% | 15.1% | -- | -- | -- | -- | -- | 9.1% |
| Total Returns | 36.2% | 35.5% | -- | -- | -- | -- | -- | 39.2% | Ann. Volatility | 39.6% | 36.2% | -- | -- | -- | -- | -- | 31.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.09 | 56% |
| MSCI EAFE | 1.45 | 41% |
| MSCI Emg Mkts | 1.11 | 60% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $0 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.46% |
Technical Indicators
| 30d moving avg. (EMA) | $29.33 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -0.80/-0.72 |
| Bollinger Bands (Upper/Lower) | $31.30/$26.42 |
| Short interest (% of AUM) | 0.1% |
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 |
|---|---|---|---|---|
| CHAT | Roundhill Generative AI & Technology ETF | 19.7% | +15 bp | +2.5% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 17.0% | -15 bp | +4.6% |
| AIED | Defiance LLM Catalyst Momentum ETF | 16.9% | +15 bp | +2.4% |
| TRFK | Pacer Data and Digital Revolution ETF | 16.9% | -11 bp | +3.2% |
| DRNZ | REX Drone ETF | 16.8% | +5 bp | -4.8% |
| WUGI | AXS Esoterica NextG Economy ETF | 16.1% | +86 bp | +0.5% |
| SOXX | iShares Semiconductor ETF | 15.9% | -27 bp | +11.9% |
| SOXQ | Invesco PHLX Semiconductor ETF | 15.8% | -41 bp | +3.1% |
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 15.5% | +5 bp | +1.2% |
| GK | AdvisorShares Gerber Kawasaki ETF | 15.4% | +71 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 11/6/2026
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
1.6%
ALTAR SCORE™
12nd
PERCENTILE
AVOID
ETFRC RATING
There are 746 funds in the Global Equity category with an average
ALTAR Score™ of 4.8% and a standard deviation
of 2.6%. WAR's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places WAR in the 12nd percentile
among funds in the category.
Sell-Side Consensus
$41.22
PRICE TARGET
+76.2%
UPSIDE