XARvsWELDETF 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. Tema U.S. Manufacturing & Reshoring ETF (WELD) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Industrials, Non-Energy Materials and Technology. XAR is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.75% for WELD. XAR is up 9.8% year-to-date (YTD) with +$855M in YTD flows. WELD performs better with 32.47% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of XAR and WELD 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 WELD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XAR WELD | -4.81%-2.93% | +0.34%+5.05% | +9.80%+32.47% | +23.07%+40.54% | +119.52%+100.99% | +114.16%n/a |
| Flows | XAR WELD | -$807M+$10M | -$94M+$25M | +$855M+$56M | +$1.23B+$64M | +$2.02B+$208M | +$2.33B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XAR WELD | +31.29%+32.37% | +28.15%+25.75% | +23.61%+22.59% | +23.61%n/a |
| Max drawdown | XAR WELD | -10.71%-10.11% | -17.03%-14.60% | -19.74%-26.90% | -28.28%n/a |
| Max drawdown duration | XAR WELD | 16d28d | 184d57d | 109d239d | 853dn/a |
Trading data
XAR | WELD | |
Last sale 7/24/2026 at 1:30 PM | $268.91 | $57.99 |
| Previous close 07/23/2026 | $270.54 | $58.60 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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WELD
is actively managed and doesn’t replicate an indexXAR | WELD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
XAR | WELD | |
|---|---|---|
| Last price | $268.91 | $57.99 |
| 1D performance | -0.60% | -1.04% |
| AuM | $5.92 B | $297.41 M |
| E/R | 0.35% | 0.75% |
Characteristics
XAR | WELD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | Tema |
| Benchmark | S&P Aerospace & Defense Select Industry Index | - |
| N° of holdings | 47 | 24 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 28, 2011 | May 10, 2023 |
| ESG | No | No |
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Exposure
Countries
XAR
USA
98.62%
Other
1.38%
WELD
USA
79.68%
Other
20.32%
Sectors
XAR
Industrials
93.67%
Other
6.33%
WELD
Industrials
71.21%
Non-Energy Materi.
21.17%
Other
7.62%
Diversification
XAR
Total weight of top 15 holdings out of 15
44.3%
WELD
Total weight of top 15 holdings out of 15
79.78%
Top 15 holdings
Data as of June 30, 2026
XAR
VSE Corp.
3.40%
Axon Enterprise, Inc.
3.22%
StandardAero, Inc.
3.11%
FTAI Aviation Ltd.
3.08%
Carpenter Technology Corp.
3.04%
GE Aerospace
3.02%
Woodward, Inc.
2.98%
HEICO Corp.
2.86%
Moog, Inc.
2.86%
TransDigm Group, Inc.
2.83%
Hexcel Corp.
2.81%
Karman Holdings, Inc.
2.80%
Howmet Aerospace, Inc.
2.77%
ATI, Inc.
2.77%
RTX Corp.
2.75%
WELD
The Timken Co.
8.15%
Cognex Corp.
7.27%
Caterpillar, Inc.
7.04%
Powell Industries, Inc.
6.97%
Applied Industrial Technologies, Inc.
6.09%
Gates Industrial Corp. Plc
5.78%
Eaton Corp. Plc
5.39%
Terex Corp.
5.05%
ATI, Inc.
4.84%
Linde Plc
4.76%
SPX Technologies, Inc.
3.82%
Rockwell Automation, Inc.
3.73%
Parker-Hannifin Corp.
3.66%
Taiwan Semiconductor Manufacturing Co., Ltd.
3.65%
Ingersoll Rand, Inc.
3.58%
Frequently asked questions about XAR and WELD
How have the XAR and WELD ETFs performed in 2026?
As of July 22, 2026, XAR is up 9.8% year-to-date (YTD), while WELD has returned 32.47%. That puts WELD better performer ahead so far this year.
Which ETF is attracting more investor money: XAR or WELD?
Year-to-date, the XAR ETF saw +$855M in flows, compared to +$56M for WELD.
Which ETF is more volatile: XAR or WELD?
Over the past year, XAR had a volatility of 28.15%, while WELD experienced 25.75%.
Which ETF is bigger: XAR or WELD?
As of July 22, 2026, XAR holds $5.92 B in assets under management (AUM), while WELD manages $297.41 M.
What sectors do the XAR and WELD ETFs invest in?
XAR leans toward sectors like Industrials. Meanwhile, WELD focuses on Industrials and Non-Energy Materials.
What are the top holdings of the XAR ETF and WELD ETF?
XAR top holdings include VSE Corp., Axon Enterprise, Inc. and StandardAero, Inc.. WELD holds in its top three: The Timken Co., Cognex Corp. and Caterpillar, Inc..
Which ETF is more diversified: XAR or WELD?
XAR holds 48 securities with 44.3% of its assets in the top 15. WELD has 24 securities and a top 15 weight of 79.78%.
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