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WR

GradeCChicago Board Options Exchange

Corgi U.S. War Machine ETF

Themes · Corgi Funds · Inception 2026-05-05 · SEC filings

$26.60+0.19 (+0.74%)

As of Sep 23, 2026, 12:50 PM EDT

History starts May 6, 2026.History starts May 6, 2026.History starts May 6, 2026.
Intraday session: up, 2 prints from 26.41 to 26.60. Range 26.41 to 26.60. Use the arrow keys to read each point.$26.40$26.45$26.50$26.5510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$1M
1Y return
—
Yield · Last 12 months
—
Holdings
30
Volume · 30D
0M sh
NAV per share
$26.73
52W range
low $23.85high $28.11

The ETF.net WR Grade

C

40/ 100

Rank 19 of 26 in Defense & Aerospace⁠

Confidence Medium

Six-pillar profile for WR. Scores out of 100: Cost 92, Risk 95, Mission not scored, Tradability 33, Holdings 61, Durability 10. Strongest: Risk (95). Weakest: Durability (10). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned71This cap took−31Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 92
    Category rank3/26 · top 12%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 95
    Category rank1/25 · top 4%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank18/26 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 61
    Category rank11/26 · top 42%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 10
    Category rank26/26 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on WR

ETF.net Research

CMost defense funds stop at the contractors. This one, actively managed since its 2026 launch, buys the whole war economy: defense and war-related spending plus the oil and gas that fuels it, at a fee near the bottom of the category.

Stated mandate

The Fund invests primarily in the common stock of companies materially involved in defense, war-related spending, and oil and gas.

Why people hold it

  1. 01The mandate reaches past the contractors: defense, war-related spending, and oil and gas in one basket. Pure aerospace-and-defense funds like ITA and XAR leave the fuel out.
  2. 02Charges 0.35%, under the 0.50% typical for its defense peer group and level with the cheapest large index name in the group, XAR.
  3. 03Actively managed, with at least 80% of net assets in companies materially involved in the theme. A manager picks the names rather than tracking a published defense index.prnewswire.com

Worth knowing

  1. 01Energy is part of the engine here, so oil and gas moves matter alongside defense budgets and the fund can drift from pure aerospace-and-defense benchmarks.
  2. 02Small and thinly traded since its 2026 launch, which usually means wider bid-ask spreads than the category's giants.
  3. 03Filings flag the spending cycle: de-escalation or shifted procurement priorities can reduce demand for the defense and energy names it holds.sec.gov

WR Holdings

As of Sep 20, 2026, 8:16 AM
Asset class
Stocks
Holdings
30
Top-10 weight
49%
Largest holding
XOM8.6%

Sectors

  • Energy63.1%
  • Industrials27.6%
  • Technology8.9%
  • Materials0.3%

Geography

  • United States99.82%
  • Puerto Rico0.18%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001XOMExxonMobil Holdings Corp8.59%497$81K501
002CVXChevron Corp6.36%287$60K468
003PLTRPalantir Technologies Inc5.65%301$53K503
004RTXRTX Corp5.03%245$48K390
005MPCMarathon Petroleum Corp4.40%98$42K391
006VLOValero Energy Corp4.28%98$41K395
007PSXPhillips 664.04%140$38K368
008COPConocoPhillips3.90%280$37K425
009LMTLockheed Martin Corp3.55%63$34K406
010GDGeneral Dynamics Corp2.87%77$27K367
011EOGEOG Resources Inc2.67%175$25K397
012WMBWilliams Cos Inc/The2.61%343$25K361
013HWMHowmet Aerospace Inc2.55%105$24K363
014TRGPTarga Resources Corp2.38%77$22K340
015KMIKinder Morgan Inc2.22%658$21K342

Showing 1–15 of 58 holdings

WR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

WR$10,895
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. WR $10,895. SPY $10,415. Use the arrow keys to read each point.$9,649$10,695$11,741Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for WR. Periods over one year show the average yearly return.
PeriodWR
Year to dateFund launched this year—
1 month−4.5%
3 months+9.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WR
YearReturn barWR
2026 YTD+5.6%

History from May 6, 2026

WR in the news

ETF.net Research hasn’t filed on WR yet — coverage lands here as it’s written.

WR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

WR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
2.37
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

WR Cost

Expense ratio0.35%
  • The middle half of Defense & Aerospace funds
  • Median 0.50%

No Defense & Aerospace fund charges less.

WR costs $35.00 a year on $10,000. The median Defense & Aerospace fund costs $50.00.