Nicholas Defense and Rare Earth Income ETF
$39.04−0.10 (−0.25%)
- 1.11%
- $5M
- 2.21K sh
- low $38.18high $50.28
The ETF.net WEPN Grade
D
Score 29 out of 100
- 24 of 26
Score 29 of 100 falls in the D 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.F0 out of 100Rank 26 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.B65 out of 100Rank 8 of 26Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 12 of 26Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 20 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D38 out of 100Rank 21 of 26
Our read on WEPN
In short
DDefense, aerospace and cyber stocks plus ETPs tracking strategic metals, wrapped in an options overlay. It takes a theme investors usually buy for growth and runs it for cash instead.
Stated mandate
The Fund primarily seeks capital appreciation and secondarily seeks current income.
Why people hold it
Worth knowing
WEPN 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.Not enough history yet.Not enough history yet.
WEPN$9,921
Returns run to the Oct 30, 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 | WEPN |
|---|---|
| Year to date | |
| 1 month | −5.8% |
| 3 months | −0.8% |
| 1 year | |
| 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 | WEPN |
|---|---|---|
| 2026 YTD | −13.7% |
WEPN in the news
WEPN Dividends
- $0.09 per share
- Weekly
Distribution data unavailable.
WEPN Risk
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.
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.
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.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
WEPN Cost
Overpaying vs XAR, tied cheapest in Defense & Aerospace
$13,323
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
WEPN 1.11%
$20,449
XAR 0.35% Tied cheapest
$7,126
Cost over time
Year by year
| Year | WEPN | XAR | Overpaying |
|---|---|---|---|
| 10 | $1,948 | $634 | $1,314 |
| 20 | $7,285 | $2,454 | $4,831 |
| 30 | $20,449 | $7,126 | $13,323 |
Other funds in Defense & Aerospace
- DARMYTema International Defense Innovation ETFExpense ratio 0.68%1 year return
- DAMMOVistaShares Defense Supercycle ETFExpense ratio 0.75%1 year return
- DJEDIDrone and Modern Warfare ETFExpense ratio 0.99%1 year return −20.5%
- DKDEFPLUS Korea Defense Industry Index ETFExpense ratio 0.65%1 year return −31.1%
- DUFODTuttle Capital UFO Disclosure ETFExpense ratio 0.99%1 year return
