XARvsHWAYETF Comparison
ETF 1
XAR
State Street SPDR S&P Aerospace & Defense ETF
VS
State Street SPDR S&P Aerospace & Defense ETF (XAR) belongs to the segment. Themes US Infrastructure ETF (HWAY) is part of the Infrastructure segment. XAR's top 3 sector exposures are Industrials, Materials and Information Technology. In contrast, HWAY's top sector exposures are Industrials, Materials and Consumer Discretionary. XAR is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.29% for HWAY. XAR is up 16.19% year-to-date (YTD) with +$878M in YTD flows. HWAY performs better with 24.16% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of XAR and HWAY 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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XAR vs HWAY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XAR HWAY | +4.31%+2.71% | +4.18%+16.57% | +16.19%+24.16% | +41.43%+42.41% | +138.13%n/a | +115.37%n/a |
| Flows | XAR HWAY | +$7M- | -$20M+$374K | +$878M+$1M | +$1.48B+$2M | +$2.06B- | +$2.33B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XAR HWAY | +35.24%+25.57% | +27.77%+20.05% | +23.33%n/a | +23.57%n/a |
| Max drawdown | XAR HWAY | -11.33%-7.10% | -17.03%-12.66% | -19.74%n/a | -32.38%n/a |
| Max drawdown duration | XAR HWAY | 27d37d | 144d59d | 109dn/a | 904dn/a |
Trading data
XAR | HWAY | |
Last sale 6/15/2026 at 1:30 PM | $282.79 | $38.77 |
| Previous close 06/12/2026 | $279.97 | $38.35 |
| Consolidated volume 06/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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XAR | HWAY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/15/2026 at 1:30 PM
Live
Closed
XAR | HWAY | |
|---|---|---|
| Last price | $282.79 | $38.77 |
| 1D performance | +1.01% | +1.08% |
| AuM | $6.31 B | $3.46 M |
| E/R | 0.35% | 0.29% |
Characteristics
XAR | HWAY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Themes Management Company |
| Benchmark | S&P Aerospace & Defense Select Industry Index | Solactive United States Infrastructure Index |
| N° of holdings | 34 | 93 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 28, 2011 | September 12, 2024 |
| ESG | No | No |
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Exposure
Countries
XAR
USA
96.87%
Other
3.13%
HWAY
USA
95.99%
Other
4.01%
Sectors
XAR
Industrials
74.89%
Other
25.11%
HWAY
Industrials
77.51%
Materials
17.74%
Other
4.75%
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Diversification
XAR
Total weight of top 15 holdings out of 15
49.19%
HWAY
Total weight of top 15 holdings out of 15
58.91%
Top 15 holdings
Data as of April 30, 2026
XAR
US7731211089
3.73%
HEXCEL
3.61%
BWX TECHNOLOGIES INC
3.59%
BOEING U
3.48%
CARPENTER TECHNOLOGY
3.41%
CURTISS WRIGHT
3.38%
TEXTRON
3.35%
ATI INC
3.21%
GENERAL DYNAMICS
3.16%
HOWMET AEROSPACE INC
3.14%
KYG3730V1059
3.12%
WOODWARD
3.06%
AEROVIRONMENT
3.05%
TRANSDIGM GROUP
3.00%
ARCHER AVIATION
2.90%
HWAY
CATERPILLAR
6.17%
QUANTA SERVICES
5.07%
PARKER HANNIFIN
4.85%
DEERE
4.65%
CSX
4.62%
UNION PACIFIC U
4.32%
NORFOLK SOUTHERN
4.05%
EMERSON ELECTRIC
4.03%
CRH PLC
3.70%
COMFORT SYSTEMS USA
3.40%
UNITED RENTALS
3.38%
FASTENAL
2.82%
WW GRAINGER
2.74%
NUCOR
2.64%
WABTEC
2.47%
Frequently asked questions about XAR and HWAY
How have the XAR and HWAY ETFs performed in 2026?
As of June 12, 2026, XAR is up 16.19% year-to-date (YTD), while HWAY has returned 24.16%. That puts HWAY better performer ahead so far this year.
Which ETF is attracting more investor money: XAR or HWAY?
Year-to-date, the XAR ETF saw +$878M in flows, compared to +$1M for HWAY.
Which ETF is more volatile: XAR or HWAY?
Over the past year, XAR had a volatility of 27.77%, while HWAY experienced 20.05%.
Which ETF is bigger: XAR or HWAY?
As of June 12, 2026, XAR holds $6.31 B in assets under management (AUM), while HWAY manages $3.46 M.
What sectors do the XAR and HWAY ETFs invest in?
XAR leans toward sectors like Industrials. Meanwhile, HWAY focuses on Industrials and Materials.
What are the top holdings of the XAR ETF and HWAY ETF?
XAR top holdings include US7731211089, HEXCEL and BWX TECHNOLOGIES INC. HWAY holds in its top three: CATERPILLAR, QUANTA SERVICES and PARKER HANNIFIN.
Which ETF is more diversified: XAR or HWAY?
XAR holds 41 securities with 49.19% of its assets in the top 15. HWAY has 98 securities and a top 15 weight of 58.91%.
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