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NATOvsWDGFETF Comparison

ETF 1

NATO

Themes Transatlantic Defense ETF

This fund is part of

US Large Cap

+0.9%

Full NATO fund page

VS

ETF 2

WDGF

WisdomTree Global Defense Fund

Full WDGF fund page

Themes Transatlantic Defense ETF (NATO) belongs to the US Large Cap segment. WisdomTree Global Defense Fund (WDGF) is part of the segment. NATO's top 3 sector exposures are Industrials, Information Technology and Consumer Discretionary. In contrast, WDGF's top sector exposures are Industrials, Information Technology and Materials. NATO is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.45% for WDGF. NATO is down -0.03% year-to-date (YTD) with +$42M in YTD flows. WDGF performs better with 5.96% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of NATO and WDGF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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NATO vs WDGF performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NATO WDGF	-3.02%-2.76%	-9.88%-7.34%	-0.03%+5.96%	+31.68%n/a	n/an/a	n/an/a
Flows	NATO WDGF	+$2M+$3M	+$28M+$7M	+$42M+$10M	+$77M-	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NATO WDGF	+26.10%+25.17%	+18.53%n/a	n/an/a	n/an/a
Max drawdown	NATO WDGF	-14.82%-11.50%	-14.82%n/a	n/an/a	n/an/a
Max drawdown duration	NATO WDGF	53d46d	53dn/a	n/an/a	n/an/a

Trading data

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	NATO	WDGF
Last sale 4/27/2026 at 1:30 PM	$37.94	$32.43
Previous close 04/24/2026	$37.88	$32.44
Consolidated volume 04/24/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	NATO	WDGF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/27/2026 at 1:30 PM

Live

Closed

	NATO	WDGF
Last price	$37.94	$32.43
1D performance	+0.18%	-0.03%
AuM	$97.11 M	$12.95 M
E/R	0.35%	0.45%

Characteristics

	NATO	WDGF
Management strategy	Passive	Passive
Provider	Themes Management Company	WisdomTree
Benchmark	Solactive Transatlantic Aerospace and Defense Index	WisdomTree Global Defense Index
N° of holdings	59	77
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 10, 2024	September 11, 2025
ESG	No	No

More NATO data on Trackinsight

More WDGF data on Trackinsight

Exposure

Countries

NATO

USA

66.36%

United Kingdom

11.02%

Other

22.62%

WDGF

USA

53.85%

United Kingdom

8.68%

Other

37.47%

Sectors

NATO

Industrials

91.91%

Other

8.09%

WDGF

Industrials

78.83%

Information Techn.

7.36%

Other

13.82%

Diversification

NATO

Total weight of top 15 holdings out of 15

77.94%

WDGF

Total weight of top 15 holdings out of 15

60.7%

Top 15 holdings

Data as of March 31, 2026

NATO

RAYTHEON TECHNOLOGIES CORPORD

8.77%

GENERAL ELECTRIC

7.35%

BOEING U

6.88%

ROLLS-ROYCE HOLDINGS

5.90%

LOCKHEED MARTIN

5.89%

HONEYWELL INTL

5.50%

SAFRAN

5.27%

AIRBUS SE

5.14%

NORTHROP GRUMMAN

4.79%

HOWMET AEROSPACE INC

4.44%

BAE SYSTEMS

4.24%

GENERAL DYNAMICS

3.77%

RHEINMETALL

3.70%

L3 HARRIS TECHNOLOGIES

3.18%

TRANSDIGM GROUP

3.12%

WDGF

GENERAL DYNAMICS

5.28%

BOEING U

5.14%

RAYTHEON TECHNOLOGIES CORPORD

5.08%

BAE SYSTEMS

5.05%

LOCKHEED MARTIN

5.05%

NORTHROP GRUMMAN

5.02%

RHEINMETALL

4.99%

PALANTIR TECHNOLOGIES

4.96%

L3 HARRIS TECHNOLOGIES

4.00%

THALES

3.65%

HANWHA AEROSPACE

2.85%

TRANSDIGM GROUP

2.64%

ELBIT SYSTEMS

2.52%

ROLLS-ROYCE HOLDINGS

2.34%

LEONARDO SPA

2.13%

Frequently asked questions about NATO and WDGF

How have the NATO and WDGF ETFs performed in 2026?

As of April 24, 2026, NATO is down -0.03% year-to-date (YTD), while WDGF has returned 5.96%. That puts WDGF better performer ahead so far this year.

Which ETF is attracting more investor money: NATO or WDGF?

Year-to-date, the NATO ETF saw +$42M in flows, compared to +$10M for WDGF.

Which ETF is bigger: NATO or WDGF?

As of April 24, 2026, NATO holds $97.11 M in assets under management (AUM), while WDGF manages $12.95 M.

What sectors do the NATO and WDGF ETFs invest in?

NATO leans toward sectors like Industrials. Meanwhile, WDGF focuses on Industrials and Information Technology.

What are the top holdings of the NATO ETF and WDGF ETF?

NATO top holdings include RAYTHEON TECHNOLOGIES CORPORD, GENERAL ELECTRIC and BOEING U. WDGF holds in its top three: GENERAL DYNAMICS, BOEING U and RAYTHEON TECHNOLOGIES CORPORD.

Which ETF is more diversified: NATO or WDGF?

NATO holds 76 securities with 77.94% of its assets in the top 15. WDGF has 98 securities and a top 15 weight of 60.7%.

ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance

March 5, 2025

NATO

NATOvsWDGFETF Comparison

Themes Transatlantic Defense ETF

WisdomTree Global Defense Fund

NATO vs WDGF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the NATO and WDGF ETFs performed in 2026?

As of April 24, 2026, NATO is down -0.03% year-to-date (YTD), while WDGF has returned 5.96%. That puts WDGF better performer ahead so far this year.

Which ETF is attracting more investor money: NATO or WDGF?

Year-to-date, the NATO ETF saw +$42M in flows, compared to +$10M for WDGF.

Which ETF is bigger: NATO or WDGF?

As of April 24, 2026, NATO holds $97.11 M in assets under management (AUM), while WDGF manages $12.95 M.

What sectors do the NATO and WDGF ETFs invest in?

NATO leans toward sectors like Industrials. Meanwhile, WDGF focuses on Industrials and Information Technology.

What are the top holdings of the NATO ETF and WDGF ETF?

NATO top holdings include RAYTHEON TECHNOLOGIES CORPORD, GENERAL ELECTRIC and BOEING U. WDGF holds in its top three: GENERAL DYNAMICS, BOEING U and RAYTHEON TECHNOLOGIES CORPORD.

Which ETF is more diversified: NATO or WDGF?

NATO holds 76 securities with 77.94% of its assets in the top 15. WDGF has 98 securities and a top 15 weight of 60.7%.

ETFs Reveal a Growing Gap in U.S. vs. EU Defense Stock Performance

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