Pacer Solactive Whitney Future of Warfare ETF
$33.45−0.36 (−1.06%)
- 0.49%
- $14M
- +10.0%
- 0.77%
- 0M sh
- $33.89
- low $29.48high $37.41
The ETF.net FOWF Grade
B
Score 63 out of 100
- 4 of 26
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C52 out of 100Rank 12 of 26Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A87 out of 100Rank 2 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 10 of 26Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 5 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 9 of 26
Our read on FOWF
BMost defense funds are built around the old primes. FOWF tracks the Solactive Whitney Future of Warfare Index, aimed at companies behind emerging defense technology across the U.S. and allied nations.
The Fund seeks capital appreciation by tracking companies that support critical emerging defense technologies in the U.S. and its allied nations.
Why people hold it
- Points at the next war, not the last one: the index targets companies supporting critical emerging defense technologies, not a broad aerospace-and-defense basket.
- 0.49% a year, right at the middle of the defense-theme pack. No niche premium charged for the narrower mandate.
- The mandate covers the U.S. and its allied nations, so allied suppliers abroad are in scope, not just Pentagon contractors.
- Roughly 100 holdings spread the theme across many names instead of a few giants, and the fund distributes quarterly.
Worth knowing
- Launched in December 2024, so the track record is short and any read on its risk profile rests on limited history.
- Small and thinly traded next to category heavyweights like ITA and XAR, which can mean wider spreads on larger orders.
- A narrow theme tied to defense budgets and procurement cycles, so it can move very differently from a broad market fund.
FOWF Holdings
- Stocks
- 89
- 45%
- LMT
Sectors
- Industrials58.9%
- Technology31.8%
- Communication5.4%
- Materials2.6%
- Consumer Discretionary1.4%
Geography
- United States79.01%
- United Kingdom6.62%
- France3.92%
- Germany2.49%
- Ireland2.11%
- Canada1.93%
- Sweden1.37%
- Norway0.70%
- 1.84%
FOWF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FOWF$11,001
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FOWF |
|---|---|
| Year to date | +9.4% |
| 1 month | −1.6% |
| 3 months | −0.8% |
| 1 year | +10.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FOWF |
|---|---|---|
| 2026 YTD | +9.4% | |
| 2025 | +29.1% | |
| 2024 | +0.4% |
FOWF in the news
FOWF Dividends
- 0.77%
- $0.26
- $0.06 per share
- Quarterly
Distribution history
FOWF Risk
- 13.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FOWF Cost
0.49%
FOWF0.49%
- The middle half of Defense & Aerospace funds
- Median 0.50%
10 of the 25 Defense & Aerospace funds charge less.
Other funds in Defense & Aerospace
- AXARState Street SPDR S&P Aerospace & Defense ETFExpense ratio 0.35%1 year return −5.4%
- AITAiShares U.S. Aerospace & Defense ETFExpense ratio 0.37%1 year return +0.2%
- BFLDZTrueShares Patriot Defense ETFExpense ratio 0.40%1 year return −6.3%
- BPPAInvesco Aerospace & Defense ETFExpense ratio 0.58%1 year return +1.5%
- BIDEFiShares Defense Industrials ActExpense ratio 0.55%1 year return −1.7%